Fox Run Management L.L.C. Invests $1.35 Million in Tri Pointe Homes Inc. $TPH

Key Points

• Fox Run Management L.L.C. has invested approximately $1.35 million in Tri Pointe Homes, acquiring 42,272 shares during the 1st quarter.
• Tri Pointe Homes recently reported earnings per share of $0.77 for the last quarter, exceeding expectations and highlighting a 22.3% year-over-year revenue decline.
• The company's Board of Directors has authorized a $50 million stock repurchase plan, indicating confidence in the company's stock valuation.

Fox Run Management L.L.C. purchased a new stake in shares of Tri Pointe Homes Inc. (NYSE:TPH - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 42,272 shares of the construction company's stock, valued at approximately $1,349,000.

Several other institutional investors have also bought and sold shares of TPH. Sterling Capital Management LLC increased its holdings in shares of Tri Pointe Homes by 729.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,082 shares of the construction company's stock worth $75,000 after buying an additional 1,831 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Tri Pointe Homes by 67.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,578 shares of the construction company's stock worth $130,000 after acquiring an additional 1,445 shares in the last quarter. CWM LLC grew its position in Tri Pointe Homes by 67.8% in the first quarter. CWM LLC now owns 3,797 shares of the construction company's stock worth $121,000 after acquiring an additional 1,534 shares in the last quarter. Covestor Ltd increased its stake in Tri Pointe Homes by 327.8% during the first quarter. Covestor Ltd now owns 3,884 shares of the construction company's stock worth $124,000 after acquiring an additional 2,976 shares during the last quarter. Finally, Hancock Whitney Corp increased its stake in 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 last quarter. Institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wolfe Research lowered Tri Pointe Homes from an "outperform" rating to a "peer perform" rating in a research note on Sunday, July 27th. Evercore ISI decreased their price target on Tri Pointe Homes from $39.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, July 25th. Wedbush restated an "outperform" rating and issued a $43.00 price target on shares of Tri Pointe Homes in a research report on Friday, July 25th. Finally, Wall Street Zen cut shares of Tri Pointe Homes from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. One equities research 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 company's stock. Based on data from MarketBeat, Tri Pointe Homes currently has an average rating of "Moderate Buy" and an average price target of $40.80.

Tri Pointe Homes Trading Down 2.2%

NYSE:TPH traded down $0.7680 during midday trading on Wednesday, hitting $34.2520. The stock had a trading volume of 1,116,631 shares, compared to its average volume of 1,241,524. The stock has a 50-day moving average of $32.70 and a 200 day moving average of $31.96. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 0.95 and a beta of 1.22. Tri Pointe Homes Inc. has a one year low of $27.90 and a one year high of $46.91. 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 (NYSE:TPH - Get Free Report) last issued its earnings results on Thursday, July 24th. The construction company reported $0.77 earnings per share 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 business had revenue of $884.01 million during the quarter, compared to analyst estimates of $810.77 million. During the same period in the previous year, the company posted $1.25 EPS. Tri Pointe Homes's revenue was down 22.3% on a year-over-year basis. As a group, sell-side analysts forecast that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes announced that its board has authorized a share buyback program on Thursday, July 24th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are 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.