New Age Alpha Advisors LLC Decreases Stock Position in Tri Pointe Homes Inc. (NYSE:TPH)

New Age Alpha Advisors LLC cut its holdings in Tri Pointe Homes Inc. (NYSE:TPH) by 25.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,439 shares of the construction company’s stock after selling 824 shares during the period. New Age Alpha Advisors LLC’s holdings in Tri Pointe Homes were worth $78,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TPH. Castlekeep Investment Advisors LLC acquired a new stake in shares of Tri Pointe Homes during the fourth quarter worth about $60,261,000. Allianz Asset Management GmbH lifted its holdings in shares of Tri Pointe Homes by 54.8% during the first quarter. Allianz Asset Management GmbH now owns 1,255,057 shares of the construction company’s stock worth $40,061,000 after purchasing an additional 444,153 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Tri Pointe Homes by 23.3% during the first quarter. Assenagon Asset Management S.A. now owns 1,114,358 shares of the construction company’s stock worth $35,570,000 after purchasing an additional 210,810 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Tri Pointe Homes in the 4th quarter valued at approximately $6,380,000. Finally, Northern Trust Corp boosted its holdings in Tri Pointe Homes by 13.8% in the 4th quarter. Northern Trust Corp now owns 1,286,390 shares of the construction company’s stock valued at $46,645,000 after purchasing an additional 155,694 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Trading Down 0.4%

Shares of TPH opened at $32.86 on Tuesday. The stock’s fifty day simple moving average is $32.11 and its 200 day simple moving average is $32.01. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.28. Tri Pointe Homes Inc. has a twelve month low of $27.90 and a twelve month high of $46.91. The firm has a market capitalization of $2.98 billion, a P/E ratio of 8.36, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Thursday, July 24th. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.66 by $0.11. Tri Pointe Homes had a return on equity of 11.33% and a net margin of 9.22%. The company had revenue of $884.01 million for the quarter, compared to analyst estimates of $810.77 million. During the same period last year, the company posted $1.25 earnings per share. The firm’s revenue was down 22.3% compared to the same quarter last year. On average, equities research analysts forecast that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Tri Pointe Homes declared that its board has approved a stock 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 repurchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TPH. Wolfe Research lowered Tri Pointe Homes from an “outperform” rating to a “peer perform” rating in a research note on Sunday, July 27th. Wedbush reaffirmed an “outperform” rating and issued a $43.00 target price on shares of Tri Pointe Homes in a research note on Friday, July 25th. Evercore ISI reduced their price target on Tri Pointe Homes from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, July 25th. Finally, Wall Street Zen lowered Tri Pointe Homes from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.80.

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.