21,165 Shares in Tri Pointe Homes Inc. (NYSE:TPH) Purchased by Entropy Technologies LP

Key Points

• Entropy Technologies LP acquired a stake in Tri Pointe Homes, purchasing 21,165 shares valued at approximately $676,000 in the first quarter of the year.
• Tri Pointe Homes reported $0.77 earnings per share (EPS) for the latest quarter, exceeding estimates and reflecting a significant revenue of $884.01 million, though down 22.3% year-over-year.
• The company has initiated a stock buyback program allowing for the repurchase of up to $50 million in shares, signaling management's belief that the stock is undervalued.

Entropy Technologies LP acquired a new position in Tri Pointe Homes Inc. (NYSE:TPH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 21,165 shares of the construction company's stock, valued at approximately $676,000.

A number of other large investors also recently bought and sold shares of the business. Covestor Ltd increased its position in shares of Tri Pointe Homes by 58.5% during the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock worth $33,000 after purchasing an additional 335 shares in the last quarter. Xponance Inc. increased its position in shares of Tri Pointe Homes by 5.0% during the first quarter. Xponance Inc. now owns 7,095 shares of the construction company's stock worth $226,000 after purchasing an additional 336 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of 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 buying an additional 430 shares during the last quarter. Hancock Whitney Corp grew its holdings in shares of Tri Pointe Homes by 8.3% during the fourth quarter. Hancock Whitney Corp now owns 5,779 shares of the construction company's stock valued at $210,000 after buying an additional 442 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in shares of Tri Pointe Homes by 5.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,645 shares of the construction company's stock valued at $350,000 after buying an additional 488 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Tri Pointe Homes Price Performance

Shares of TPH stock traded down $0.06 during mid-day trading on Friday, hitting $35.03. 897,169 shares of the stock were exchanged, compared to its average volume of 1,303,184. The firm has a fifty day moving average of $32.49 and a 200 day moving average of $31.97. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. Tri Pointe Homes Inc. has a 52-week low of $27.90 and a 52-week high of $46.91. The company has a market cap of $3.18 billion, a PE ratio of 8.91, a price-to-earnings-growth ratio of 0.95 and a beta of 1.22.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its earnings results on Thursday, July 24th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $884.01 million for the quarter, compared to analyst estimates of $810.77 million. During the same period in the prior year, the company posted $1.25 EPS. The company's revenue for the quarter was down 22.3% on a year-over-year basis. Research analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

Tri Pointe Homes announced that its board has initiated a stock repurchase program on Thursday, July 24th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 1.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

TPH has been the topic of a number of research analyst reports. Wedbush reissued an "outperform" rating and set a $43.00 price objective on shares of Tri Pointe Homes in a report on Friday, July 25th. Wall Street Zen lowered shares of Tri Pointe Homes from a "hold" rating to a "sell" rating in a 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 on the stock in a report on Friday, July 25th. Finally, Wolfe Research lowered shares of Tri Pointe Homes from an "outperform" rating to a "peer perform" rating in a report on Sunday, July 27th. One 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 stock. Based on data from MarketBeat.com, Tri Pointe Homes presently has a consensus rating of "Moderate Buy" and an average price target of $40.80.

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.