Aristides Capital LLC Acquires New Position in Tri Pointe Homes Inc. $TPH

Aristides Capital LLC acquired a new position in shares of Tri Pointe Homes Inc. (NYSE:TPH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,829 shares of the construction company’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TPH. CWM LLC grew its holdings in Tri Pointe Homes by 67.8% in the first 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Tri Pointe Homes by 9.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,430 shares of the construction company’s stock valued at $971,000 after acquiring an additional 2,670 shares during the last quarter. Federated Hermes Inc. increased 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 valued at $1,787,000 after acquiring an additional 430 shares in the last quarter. XTX Topco Ltd acquired a new position in Tri Pointe Homes during the first quarter worth about $593,000. Finally, Vestcor Inc lifted its holdings in shares of Tri Pointe Homes by 93.2% in the first quarter. Vestcor Inc now owns 14,098 shares of the construction company’s stock valued at $450,000 after purchasing an additional 6,800 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TPH. Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Thursday, October 30th. Wall Street Zen upgraded Tri Pointe Homes from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Evercore ISI reissued an “in-line” rating and set a $34.00 price target (down previously from $38.00) on shares of Tri Pointe Homes in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.25.

Tri Pointe Homes Stock Up 1.2%

Shares of NYSE TPH opened at $34.25 on Thursday. The firm has a market cap of $2.94 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 0.83 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.01 and a current ratio of 2.01. Tri Pointe Homes Inc. has a 1 year low of $27.90 and a 1 year high of $44.52. The firm’s 50 day moving average price is $32.53 and its 200 day moving average price is $32.70.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings results on Thursday, October 23rd. The construction company reported $0.71 earnings per share for the quarter, beating 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 company had revenue of $836.87 million during the quarter, compared to the consensus estimate of $782.22 million. During the same period in the previous year, the firm posted $1.18 EPS. Tri Pointe Homes’s revenue was down 26.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Tri Pointe Homes Company 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.