EntryPoint Capital LLC Buys Shares of 13,156 Tri Pointe Homes Inc. $TPH

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 acquired a new stake in Tri Pointe Homes Inc. (NYSE:TPH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,156 shares of the construction company's stock, valued at approximately $420,000.

Other hedge funds also recently modified their holdings of the company. Xponance Inc. boosted its holdings 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 acquiring an additional 336 shares during the period. Federated Hermes Inc. boosted 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 worth $1,787,000 after acquiring an additional 430 shares during the period. Hancock Whitney Corp boosted 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 worth $210,000 after acquiring an additional 442 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Tri Pointe Homes by 2.0% during 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 during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of Tri Pointe Homes by 8.5% during the fourth quarter. Captrust Financial Advisors now owns 7,517 shares of the construction company's stock worth $273,000 after acquiring an additional 586 shares during the period. Institutional investors own 97.01% of the company's stock.

Tri Pointe Homes Price Performance

Tri Pointe Homes stock traded down $0.09 during midday trading on Tuesday, reaching $35.57. The company's stock had a trading volume of 105,431 shares, compared to its average volume of 1,038,702. Tri Pointe Homes Inc. has a 52 week low of $27.90 and a 52 week high of $46.91. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $32.98 and a 200-day moving average price of $31.88. The stock has a market cap of $3.22 billion, a PE ratio of 9.04, 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 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 firm had revenue of $884.01 million for the quarter, compared to analysts' expectations of $810.77 million. During the same quarter in the previous year, the business posted $1.25 earnings per share. The business's revenue for the quarter was down 22.3% on a year-over-year basis. On average, sell-side analysts predict that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes declared that its board has initiated a share buyback plan on Thursday, July 24th that allows the company to repurchase $50.00 million in outstanding 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 usually an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TPH shares. Wedbush restated an "outperform" rating and set a $43.00 price objective on shares of Tri Pointe Homes in a report on Friday, July 25th. Wolfe Research cut Tri Pointe Homes from an "outperform" rating to a "peer perform" rating in a research note on Sunday, July 27th. Wall Street Zen cut Tri Pointe Homes from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Finally, Evercore ISI cut their price target on Tri Pointe Homes from $39.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $40.80.

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.