Dimensional Fund Advisors LP Has $208.26 Million Stock Holdings in Tri Pointe Homes Inc. $TPH

Key Points

• Dimensional Fund Advisors LP reduced its holdings in Tri Pointe Homes Inc. by 6.6% in the first quarter, owning approximately 7.20% of the company worth $208.26 million after selling 462,141 shares.
• Tri Pointe Homes declared a $50 million share repurchase plan, indicating that the board believes its stock may be undervalued, while the company reported a 9.22% net margin and a year-over-year revenue decline of 22.3% in its latest earnings.
• Equity analysts' ratings for Tri Pointe Homes vary, with a consensus rating of "Moderate Buy" and a price target of $40.80, following recent downgrades from some analysts.

Dimensional Fund Advisors LP trimmed its position in shares of Tri Pointe Homes Inc. (NYSE:TPH - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,524,405 shares of the construction company's stock after selling 462,141 shares during the period. Dimensional Fund Advisors LP owned 7.20% of Tri Pointe Homes worth $208,257,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Xponance Inc. grew its stake in shares of Tri Pointe Homes by 5.0% in the 1st quarter. Xponance Inc. now owns 7,095 shares of the construction company's stock valued at $226,000 after buying an additional 336 shares in the last quarter. Federated Hermes Inc. raised its position in Tri Pointe Homes by 0.8% during the first 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. Hancock Whitney Corp lifted its stake in Tri Pointe Homes by 8.3% in the fourth quarter. Hancock Whitney Corp now owns 5,779 shares of the construction company's stock valued at $210,000 after acquiring an additional 442 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Tri Pointe Homes by 5.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 9,645 shares of the construction company's stock worth $350,000 after acquiring an additional 488 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in Tri Pointe Homes by 2.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 29,941 shares of the construction company's stock worth $1,086,000 after acquiring an additional 573 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

TPH has been the subject of several recent research reports. Wedbush reissued an "outperform" rating and issued a $43.00 target price on shares of Tri Pointe Homes in a research report on Friday, July 25th. Evercore ISI decreased their target price 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. Wolfe Research downgraded shares of Tri Pointe Homes from an "outperform" rating to a "peer perform" rating in a research report on Sunday, July 27th. Finally, Wall Street Zen downgraded shares of Tri Pointe Homes from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Tri Pointe Homes currently has an average rating of "Moderate Buy" and a consensus price target of $40.80.

Tri Pointe Homes Stock Performance

Shares of Tri Pointe Homes stock traded up $1.8850 on Friday, reaching $36.1550. The stock had a trading volume of 1,536,842 shares, compared to its average volume of 1,203,321. The business's 50-day moving average price is $32.88 and its two-hundred day moving average price is $31.88. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.79 and a current ratio of 1.79. Tri Pointe Homes Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $46.91. The stock has a market cap of $3.28 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 0.98 and a beta of 1.22.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its earnings results on Thursday, July 24th. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.66 by $0.11. The firm had revenue of $884.01 million during the quarter, compared to analysts' expectations of $810.77 million. Tri Pointe Homes had a net margin of 9.22% and a return on equity of 11.33%. The business's quarterly revenue was down 22.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS. On average, sell-side analysts forecast that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes declared that its Board of Directors has initiated a share repurchase plan on Thursday, July 24th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

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.