13,156 Shares in Tri Pointe Homes Inc. $TPH Purchased by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC purchased 13,156 shares of Tri Pointe Homes (TPH) valued at approximately $420,000 in the first quarter, highlighting increasing institutional interest in the company.
• Tri Pointe Homes announced a $50 million stock repurchase plan, signaling that the company believes its shares are currently undervalued.
• The company reported earnings per share of $0.77 for the last quarter, surpassing expectations, despite a 22.3% decline in revenue compared to the same quarter last year.

EntryPoint Capital LLC purchased a new position in shares of Tri Pointe Homes Inc. (NYSE:TPH - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,156 shares of the construction company's stock, valued at approximately $420,000.

A number of other hedge funds have also bought and sold shares of the business. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in Tri Pointe Homes during the first quarter worth $202,000. Hsbc Holdings PLC lifted its holdings in Tri Pointe Homes by 86.2% during the first quarter. Hsbc Holdings PLC now owns 48,519 shares of the construction company's stock worth $1,541,000 after acquiring an additional 22,462 shares during the period. First Wilshire Securities Management Inc. bought a new stake in Tri Pointe Homes during the first quarter worth $9,987,000. Raymond James Financial Inc. lifted its holdings in Tri Pointe Homes by 14.1% during the first quarter. Raymond James Financial Inc. now owns 419,832 shares of the construction company's stock worth $13,402,000 after acquiring an additional 51,862 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Tri Pointe Homes by 13.5% during the first quarter. American Century Companies Inc. now owns 2,209,166 shares of the construction company's stock worth $70,517,000 after acquiring an additional 262,695 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Stock Performance

Shares of NYSE TPH traded down $0.4830 during mid-day trading on Monday, hitting $35.6670. The company had a trading volume of 535,075 shares, compared to its average volume of 1,041,894. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.28. Tri Pointe Homes Inc. has a 1 year low of $27.90 and a 1 year high of $46.91. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 0.98 and a beta of 1.22. The stock's 50-day moving average price is $32.88 and its 200-day moving average price is $31.88.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.11. Tri Pointe Homes had a return on equity of 11.33% and a net margin of 9.22%.The company had revenue of $884.01 million for the quarter, compared to analyst estimates of $810.77 million. During the same period in the previous year, the company posted $1.25 EPS. The firm's revenue for the quarter was down 22.3% compared to the same quarter last year. On average, sell-side analysts forecast 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 plan on Thursday, July 24th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the construction company to purchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

Tri Pointe Homes 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.