Tri Pointe Homes Inc. $TPH Shares Sold by EMC Capital Management

EMC Capital Management decreased its holdings in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 45.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,351 shares of the construction company’s stock after selling 6,022 shares during the quarter. EMC Capital Management’s holdings in Tri Pointe Homes were worth $235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TPH. Entropy Technologies LP acquired a new stake in shares of Tri Pointe Homes during the 1st quarter worth about $676,000. AE Wealth Management LLC lifted its position in Tri Pointe Homes by 4,456.8% in the second quarter. AE Wealth Management LLC now owns 348,918 shares of the construction company’s stock valued at $11,148,000 after buying an additional 341,261 shares during the last quarter. HighTower Advisors LLC boosted its stake in Tri Pointe Homes by 31.5% during the first quarter. HighTower Advisors LLC now owns 201,374 shares of the construction company’s stock worth $6,428,000 after buying an additional 48,241 shares during the period. Factorial Partners LLC increased its position in shares of Tri Pointe Homes by 27.9% during the first quarter. Factorial Partners LLC now owns 87,000 shares of the construction company’s stock valued at $2,777,000 after acquiring an additional 19,000 shares during the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of Tri Pointe Homes during the first quarter valued at about $395,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Performance

Shares of TPH stock opened at $30.78 on Wednesday. The firm has a 50 day moving average of $32.87 and a two-hundred day moving average of $32.66. The stock has a market capitalization of $2.65 billion, a PE ratio of 9.08, a P/E/G ratio of 0.83 and a beta of 1.28. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.34. Tri Pointe Homes Inc. has a 52 week low of $27.90 and a 52 week high of $45.28.

Tri Pointe Homes (NYSE:TPH) last posted its quarterly earnings data on Thursday, October 23rd. The construction company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.20. The business had revenue of $836.87 million for the quarter, compared to analyst estimates of $782.22 million. Tri Pointe Homes had a return on equity of 9.79% and a net margin of 8.44%.The company’s revenue was down 26.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 earnings per share. On average, research analysts predict that Tri Pointe Homes Inc. will post 3.58 EPS for the current fiscal year.

Tri Pointe Homes announced that its board has initiated a share repurchase plan on Thursday, July 24th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 1.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a report on Thursday, October 30th. Wolfe Research lowered Tri Pointe Homes from an “outperform” rating to a “peer perform” rating in a research report on Sunday, July 27th. Wall Street Zen upgraded Tri Pointe Homes from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Wedbush reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of Tri Pointe Homes in a research note on Friday, July 25th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $34.00 price objective (down previously from $38.00) on shares of Tri Pointe Homes in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.25.

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.