Schroder Investment Management Group Reduces Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Schroder Investment Management Group lowered its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,002 shares of the construction company’s stock after selling 14,731 shares during the quarter. Schroder Investment Management Group owned approximately 0.08% of Tri Pointe Homes worth $2,649,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC increased its position in Tri Pointe Homes by 84.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company’s stock valued at $49,000 after acquiring an additional 613 shares during the period. Assetmark Inc. lifted its stake in shares of Tri Pointe Homes by 19.6% in the 4th quarter. Assetmark Inc. now owns 1,827 shares of the construction company’s stock worth $66,000 after acquiring an additional 300 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Tri Pointe Homes by 562.1% in the fourth quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company’s stock valued at $81,000 after acquiring an additional 1,900 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Tri Pointe Homes by 51.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company’s stock worth $84,000 after acquiring an additional 789 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in Tri Pointe Homes during the fourth quarter worth about $118,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Tri Pointe Homes Stock Up 3.5 %

Tri Pointe Homes stock opened at $31.73 on Monday. Tri Pointe Homes, Inc. has a fifty-two week low of $29.91 and a fifty-two week high of $47.78. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 6.57, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. The stock’s fifty day moving average is $33.30 and its two-hundred day moving average is $38.22. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.24.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.07. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.34%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Analysts predict 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 approved a share repurchase plan on Wednesday, December 18th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 7.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TPH. StockNews.com lowered Tri Pointe Homes from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Oppenheimer dropped their price objective on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Seaport Res Ptn raised Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Royal Bank of Canada lowered shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Finally, Wedbush reiterated a “neutral” rating and issued a $38.00 price target (down previously from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.60.

Tri Pointe Homes Profile

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.