Connor Clark & Lunn Investment Management Ltd. Has $3.68 Million Holdings in Tri Pointe Homes Inc. $TPH

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Tri Pointe Homes Inc. (NYSE:TPH - Free Report) by 52.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,167 shares of the construction company's stock after acquiring an additional 39,531 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.13% of Tri Pointe Homes worth $3,676,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TPH. LSV Asset Management raised its holdings in shares of Tri Pointe Homes by 4.8% during the first quarter. LSV Asset Management now owns 1,762,922 shares of the construction company's stock worth $56,272,000 after purchasing an additional 80,198 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of Tri Pointe Homes by 3.0% during the fourth quarter. Nuveen Asset Management LLC now owns 1,736,288 shares of the construction company's stock worth $62,958,000 after purchasing an additional 49,916 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in shares of Tri Pointe Homes during the fourth quarter worth $60,261,000. Northern Trust Corp raised its holdings in shares of Tri Pointe Homes by 13.8% during the fourth quarter. Northern Trust Corp now owns 1,286,390 shares of the construction company's stock worth $46,645,000 after purchasing an additional 155,694 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of Tri Pointe Homes by 54.8% during the first quarter. Allianz Asset Management GmbH now owns 1,255,057 shares of the construction company's stock worth $40,061,000 after purchasing an additional 444,153 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TPH has been the subject of several recent research reports. Wolfe Research lowered shares of Tri Pointe Homes from an "outperform" rating to a "peer perform" rating in a research report on Sunday, July 27th. Wall Street Zen lowered shares of Tri Pointe Homes from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Evercore ISI lowered their price target on shares of Tri Pointe Homes from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, July 25th. Finally, Wedbush restated an "outperform" rating and set a $43.00 price target on shares of Tri Pointe Homes in a research report on Friday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $40.80.

Tri Pointe Homes Stock Performance

Shares of NYSE:TPH traded up $0.08 during trading on Monday, reaching $34.99. The stock had a trading volume of 144,293 shares, compared to its average volume of 1,040,923. Tri Pointe Homes Inc. has a 52 week low of $27.90 and a 52 week high of $46.91. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 8.91, a P/E/G ratio of 0.95 and a beta of 1.22. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $32.49 and a two-hundred day simple moving average of $31.93.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.11. Tri Pointe Homes had a net margin of 9.22% and a return on equity of 11.33%. The company had revenue of $884.01 million for the quarter, compared to analyst estimates of $810.77 million. During the same quarter last year, the firm posted $1.25 earnings per share. The company's quarterly revenue was down 22.3% compared to the same quarter last year. As a group, analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current fiscal year.

Tri Pointe Homes declared that its Board of Directors has initiated a share buyback program on Thursday, July 24th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management 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.