Creative Planning Boosts Position in Tri Pointe Homes Inc. $TPH

Creative Planning lifted its position in Tri Pointe Homes Inc. (NYSE:TPH) by 18.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,465 shares of the construction company’s stock after purchasing an additional 6,491 shares during the quarter. Creative Planning’s holdings in Tri Pointe Homes were worth $1,357,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in Tri Pointe Homes by 13.5% in the 1st quarter. American Century Companies Inc. now owns 2,209,166 shares of the construction company’s stock valued at $70,517,000 after purchasing an additional 262,695 shares during the last quarter. LSV Asset Management raised its position in shares of 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 valued at $56,272,000 after buying an additional 80,198 shares during the period. Nuveen LLC acquired a new position in Tri Pointe Homes in the first quarter valued at approximately $43,906,000. Boston Partners grew its position in Tri Pointe Homes by 10.3% in the second quarter. Boston Partners now owns 564,557 shares of the construction company’s stock worth $18,040,000 after acquiring an additional 52,816 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in Tri Pointe Homes by 64.2% during the first quarter. Cubist Systematic Strategies LLC now owns 538,530 shares of the construction company’s stock worth $17,190,000 after acquiring an additional 210,495 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TPH has been the topic of several recent analyst reports. Wall Street Zen raised Tri Pointe Homes from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Evercore ISI reaffirmed an “in-line” rating and issued a $34.00 target price (down previously from $38.00) on shares of Tri Pointe Homes in a research report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.25.

Tri Pointe Homes Price Performance

TPH opened at $34.12 on Friday. The stock’s 50-day moving average price is $32.51 and its 200 day moving average price is $32.72. Tri Pointe Homes Inc. has a 12-month low of $27.90 and a 12-month high of $44.46. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 0.83 and a beta of 1.28. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.34.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings results on Thursday, October 23rd. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.20. Tri Pointe Homes had a net margin of 8.44% and a return on equity of 9.79%. The company had revenue of $836.87 million for the quarter, compared to analyst estimates of $782.22 million. During the same period in the prior year, the firm earned $1.18 earnings per share. The business’s revenue for the quarter was down 26.6% compared to the same quarter last year. As a group, sell-side analysts expect that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

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.