Tri Pointe Homes, Inc. (NYSE:TPH) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC boosted its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,077 shares of the construction company’s stock after purchasing an additional 1,829 shares during the period. Inspire Investing LLC’s holdings in Tri Pointe Homes were worth $438,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Reston Wealth Management LLC acquired a new stake in shares of Tri Pointe Homes during the third quarter valued at about $45,000. Nisa Investment Advisors LLC grew its stake in shares of Tri Pointe Homes by 51.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company’s stock valued at $84,000 after acquiring an additional 789 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Tri Pointe Homes by 33.5% during the third quarter. Blue Trust Inc. now owns 2,368 shares of the construction company’s stock valued at $107,000 after acquiring an additional 594 shares in the last quarter. Quarry LP grew its stake in shares of Tri Pointe Homes by 123.3% during the second quarter. Quarry LP now owns 2,401 shares of the construction company’s stock valued at $89,000 after acquiring an additional 1,326 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Tri Pointe Homes by 75.6% during the third quarter. GAMMA Investing LLC now owns 2,669 shares of the construction company’s stock valued at $121,000 after acquiring an additional 1,149 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Stock Performance

Shares of TPH stock opened at $37.33 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. Tri Pointe Homes, Inc. has a one year low of $33.24 and a one year high of $47.78. The company’s 50-day simple moving average is $38.94 and its 200-day simple moving average is $41.68. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 0.60 and a beta of 1.64.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company posted $0.76 earnings per share. Tri Pointe Homes’s revenue was up 34.9% on a year-over-year basis. Equities analysts anticipate that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current fiscal year.

Tri Pointe Homes declared that its Board of Directors has initiated a share buyback program on Wednesday, December 18th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 7.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 77,384 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $39.15, for a total value of $3,029,583.60. Following the transaction, the chief operating officer now owns 708,159 shares of the company’s stock, valued at $27,724,424.85. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TPH. Oppenheimer lowered their target price on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Wedbush restated a “neutral” rating and set a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Royal Bank of Canada reduced their price target on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com cut shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.75.

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.