Xponance Inc. Has $245,000 Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Xponance Inc. boosted its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 11.7% in the fourth quarter, Holdings Channel reports. The firm owned 6,759 shares of the construction company’s stock after purchasing an additional 708 shares during the period. Xponance Inc.’s holdings in Tri Pointe Homes were worth $245,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Tri Pointe Homes by 11.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,165,651 shares of the construction company’s stock valued at $52,816,000 after buying an additional 115,099 shares during the period. Citigroup Inc. lifted its holdings in Tri Pointe Homes by 16.1% during the third quarter. Citigroup Inc. now owns 189,378 shares of the construction company’s stock worth $8,581,000 after acquiring an additional 26,253 shares in the last quarter. Cerity Partners LLC grew its stake in Tri Pointe Homes by 113.9% in the third quarter. Cerity Partners LLC now owns 63,847 shares of the construction company’s stock valued at $2,893,000 after acquiring an additional 33,992 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Tri Pointe Homes by 77.8% in the third quarter. Daiwa Securities Group Inc. now owns 12,800 shares of the construction company’s stock worth $580,000 after acquiring an additional 5,600 shares in the last quarter. Finally, Bridgewater Associates LP raised its position in shares of Tri Pointe Homes by 476.3% during the third quarter. Bridgewater Associates LP now owns 174,719 shares of the construction company’s stock worth $7,917,000 after purchasing an additional 144,403 shares during the period. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com lowered Tri Pointe Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Evercore ISI reduced their price target on shares of Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada lowered shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Seaport Res Ptn raised shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Finally, Oppenheimer lowered their target price on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.60.

Tri Pointe Homes Stock Performance

Shares of TPH opened at $31.88 on Friday. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 6.60, a PEG ratio of 0.67 and a beta of 1.71. Tri Pointe Homes, Inc. has a 12 month low of $30.25 and a 12 month high of $47.78. The firm has a fifty day simple moving average of $33.86 and a 200 day simple moving average of $38.70. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.07. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. Research analysts forecast that Tri Pointe Homes, Inc. will post 3.58 EPS for the current fiscal year.

Tri Pointe Homes announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 18th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the construction company to purchase up to 7.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

About Tri Pointe Homes

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.