Inspire Investing LLC Increases Holdings in Tri Pointe Homes Inc. $TPH

Inspire Investing LLC boosted its holdings in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 16.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,689 shares of the construction company’s stock after purchasing an additional 2,037 shares during the period. Inspire Investing LLC’s holdings in Tri Pointe Homes were worth $469,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Tri Pointe Homes by 56.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,096 shares of the construction company’s stock valued at $67,000 after purchasing an additional 757 shares during the period. GAMMA Investing LLC increased its holdings in Tri Pointe Homes by 19.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,377 shares of the construction company’s stock valued at $76,000 after purchasing an additional 389 shares during the period. Blue Trust Inc. increased its holdings in Tri Pointe Homes by 16.6% during the 2nd quarter. Blue Trust Inc. now owns 2,982 shares of the construction company’s stock valued at $95,000 after purchasing an additional 424 shares during the period. CWM LLC increased its holdings in Tri Pointe Homes by 67.8% during the 1st quarter. CWM LLC now owns 3,797 shares of the construction company’s stock valued at $121,000 after purchasing an additional 1,534 shares during the period. Finally, Covestor Ltd increased its holdings in Tri Pointe Homes by 327.8% during the 1st quarter. Covestor Ltd now owns 3,884 shares of the construction company’s stock valued at $124,000 after purchasing an additional 2,976 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Performance

Shares of TPH opened at $30.99 on Monday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average price is $34.42 and its 200-day moving average price is $32.35. Tri Pointe Homes Inc. has a 52 week low of $27.90 and a 52 week high of $46.91. The stock has a market cap of $2.81 billion, a P/E ratio of 7.89, a P/E/G ratio of 0.84 and a beta of 1.30.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings results on Thursday, July 24th. The construction company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $884.01 million for the quarter, compared to analysts’ expectations of $810.77 million. During the same period in the previous year, the firm posted $1.25 EPS. The business’s revenue for the quarter was down 22.3% compared to the same quarter last year. Equities research analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current fiscal year.

Tri Pointe Homes announced that its Board of Directors has approved a share repurchase program on Thursday, July 24th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TPH shares. Weiss Ratings restated a “hold (c+)” rating on shares of Tri Pointe Homes in a report on Wednesday, October 8th. Wedbush reaffirmed an “outperform” rating and set a $43.00 price objective on shares of Tri Pointe Homes in a research report on Friday, July 25th. Evercore ISI reaffirmed an “in-line” rating and set a $34.00 price objective (down from $38.00) on shares of Tri Pointe Homes in a research report on Tuesday, October 7th. Wall Street Zen raised Tri Pointe Homes from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Wolfe Research cut Tri Pointe Homes from an “outperform” rating to a “peer perform” rating in a research report on Sunday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Tri Pointe Homes currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.25.

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.