Hantz Financial Services Inc. Boosts Stock Holdings in Tri Pointe Homes Inc. $TPH

Hantz Financial Services Inc. boosted its position in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 2,659.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,904 shares of the construction company’s stock after buying an additional 1,835 shares during the period. Hantz Financial Services Inc.’s holdings in Tri Pointe Homes were worth $61,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in Tri Pointe Homes by 13.5% during the 1st quarter. American Century Companies Inc. now owns 2,209,166 shares of the construction company’s stock worth $70,517,000 after buying an additional 262,695 shares in the last quarter. LSV Asset Management increased its stake in Tri Pointe Homes by 4.8% during the 1st quarter. LSV Asset Management now owns 1,762,922 shares of the construction company’s stock worth $56,272,000 after buying an additional 80,198 shares in the last quarter. Nuveen LLC purchased a new stake in Tri Pointe Homes during the 1st quarter worth approximately $43,906,000. Allianz Asset Management GmbH increased its stake in Tri Pointe Homes by 54.8% during the 1st quarter. Allianz Asset Management GmbH now owns 1,255,057 shares of the construction company’s stock worth $40,061,000 after buying an additional 444,153 shares in the last quarter. Finally, Royce & Associates LP increased its stake in Tri Pointe Homes by 7.1% during the 1st quarter. Royce & Associates LP now owns 577,303 shares of the construction company’s stock worth $18,428,000 after buying an additional 38,223 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TPH shares. Wolfe Research lowered Tri Pointe Homes from an “outperform” rating to a “peer perform” rating in a research note on Sunday, July 27th. Evercore ISI restated an “in-line” rating and issued a $34.00 price target (down from $38.00) on shares of Tri Pointe Homes in a research report on Tuesday, October 7th. Wall Street Zen upgraded Tri Pointe Homes from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Weiss Ratings restated a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Thursday, October 30th. Finally, Wedbush restated an “outperform” rating and issued a $43.00 price target on shares of Tri Pointe Homes in a research report on Friday, July 25th. One investment 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.com, the company has an average rating of “Moderate Buy” and an average price target of $39.25.

Tri Pointe Homes Trading Up 0.3%

TPH opened at $31.59 on Thursday. Tri Pointe Homes Inc. has a 52 week low of $27.90 and a 52 week high of $45.28. The business has a fifty day simple moving average of $33.63 and a 200-day simple moving average of $32.59. The firm has a market cap of $2.72 billion, a P/E ratio of 9.32, 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 (NYSE:TPH) last released its quarterly earnings results on Thursday, October 23rd. The construction company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.51 by $0.20. Tri Pointe Homes had a return on equity of 9.79% and a net margin of 8.44%.The business had revenue of $836.87 million during the quarter, compared to analyst estimates of $782.22 million. During the same period last year, the business posted $1.18 earnings per share. The company’s quarterly revenue was down 26.6% on a year-over-year basis. On average, equities analysts expect 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 program on Thursday, July 24th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the construction company to purchase up to 1.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is 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.