Y Intercept Hong Kong Ltd Boosts Position in Tri Pointe Homes Inc. $TPH

Y Intercept Hong Kong Ltd boosted its position in shares of Tri Pointe Homes Inc. (NYSE:TPH) by 260.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,355 shares of the construction company’s stock after purchasing an additional 64,544 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Tri Pointe Homes were worth $2,855,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TPH. Oppenheimer Asset Management Inc. boosted its stake in shares of Tri Pointe Homes by 2.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 28,087 shares of the construction company’s stock valued at $897,000 after acquiring an additional 691 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Tri Pointe Homes during the second quarter valued at $267,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Tri Pointe Homes during the second quarter valued at $328,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Tri Pointe Homes by 2.7% during the second quarter. State of New Jersey Common Pension Fund D now owns 63,182 shares of the construction company’s stock valued at $2,019,000 after acquiring an additional 1,671 shares during the last quarter. Finally, AlphaQuest LLC boosted its stake in shares of Tri Pointe Homes by 76.2% during the second quarter. AlphaQuest LLC now owns 38,259 shares of the construction company’s stock valued at $1,222,000 after acquiring an additional 16,549 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on TPH shares. Wall Street Zen raised Tri Pointe Homes from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Wedbush reaffirmed an “outperform” rating and set a $43.00 price objective on shares of Tri Pointe Homes in a research note on Friday, July 25th. Wolfe Research lowered Tri Pointe Homes from an “outperform” rating to a “peer perform” rating in a research note on Sunday, July 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Thursday. Finally, Evercore ISI reiterated an “in-line” rating and issued a $34.00 target price (down from $38.00) on shares of Tri Pointe Homes in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. Based on 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 Stock Performance

Tri Pointe Homes stock opened at $31.87 on Friday. The stock’s 50-day moving average is $33.95 and its 200-day moving average is $32.51. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 0.83 and a beta of 1.30. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.01 and a quick ratio of 2.01. Tri Pointe Homes Inc. has a 12 month low of $27.90 and a 12 month high of $45.28.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Thursday, October 23rd. The construction company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.20. The company had revenue of $836.87 million for the quarter, compared to the consensus estimate of $782.22 million. Tri Pointe Homes had a return on equity of 9.79% and a net margin of 8.44%.The company’s quarterly revenue was down 26.6% compared to the same quarter last year. During the same period last year, the business posted $1.18 EPS. Equities 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 approved a share repurchase program on Thursday, July 24th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors 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.