Yousif Capital Management LLC Has $1.17 Million Holdings in Tri Pointe Homes Inc. $TPH

Yousif Capital Management LLC trimmed its stake in Tri Pointe Homes Inc. (NYSE:TPH) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,714 shares of the construction company’s stock after selling 603 shares during the period. Yousif Capital Management LLC’s holdings in Tri Pointe Homes were worth $1,173,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Xponance Inc. increased its holdings in Tri Pointe Homes by 5.0% in the first quarter. Xponance Inc. now owns 7,095 shares of the construction company’s stock valued at $226,000 after purchasing an additional 336 shares during the period. GAMMA Investing LLC grew 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 worth $76,000 after acquiring an additional 389 shares during the period. Blue Trust Inc. grew 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 worth $95,000 after acquiring an additional 424 shares during the period. Federated Hermes Inc. grew its holdings in Tri Pointe Homes by 0.8% during the 1st quarter. Federated Hermes Inc. now owns 55,975 shares of the construction company’s stock worth $1,787,000 after acquiring an additional 430 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in Tri Pointe Homes by 1.7% during the 2nd quarter. QRG Capital Management Inc. now owns 32,326 shares of the construction company’s stock worth $1,033,000 after acquiring an additional 545 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Tri Pointe Homes Trading Up 1.3%

Shares of TPH stock opened at $32.99 on Wednesday. The company has a 50 day moving average of $34.27 and a 200-day moving average of $32.36. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. Tri Pointe Homes Inc. has a 12-month low of $27.90 and a 12-month high of $45.28. The firm has a market cap of $2.99 billion, a P/E ratio of 8.39, a PEG ratio of 0.88 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.11. Tri Pointe Homes had a net margin of 9.22% and a return on equity of 11.33%. The company had revenue of $884.01 million during the quarter, compared to analyst estimates of $810.77 million. During the same quarter last year, the business posted $1.25 EPS. Tri Pointe Homes’s quarterly revenue was down 22.3% compared to the same quarter last year. Sell-side analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Tri Pointe Homes declared that its board has authorized a share repurchase plan on Thursday, July 24th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to purchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are 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.