Jefferies Financial Group Inc. Takes Position in Tri Pointe Homes Inc. (NYSE:TPH)

Key Points

• Jefferies Financial Group Inc. has acquired 10,095 shares of Tri Pointe Homes Inc. valued at approximately $322,000 as part of its investment strategy in the 1st quarter.
• Wall Street analysts have mixed sentiments about Tri Pointe Homes, with ratings ranging from a sell to a strong buy, and a consensus price target of $40.80.
• Tri Pointe Homes has initiated a $50 million stock repurchase program, indicating that the company’s board believes its stock is currently undervalued.

Jefferies Financial Group Inc. acquired a new stake in shares of Tri Pointe Homes Inc. (NYSE:TPH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,095 shares of the construction company's stock, valued at approximately $322,000.

Other large investors also recently made changes to their positions in the company. Covestor Ltd boosted its holdings in shares of Tri Pointe Homes by 58.5% in the fourth quarter. Covestor Ltd now owns 908 shares of the construction company's stock worth $33,000 after buying an additional 335 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Tri Pointe Homes by 729.5% in the fourth 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 period. Tower Research Capital LLC TRC boosted its holdings in shares of 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 buying an additional 1,445 shares during the period. CWM LLC boosted its holdings in shares of 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 buying an additional 1,534 shares during the period. Finally, 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 purchasing an additional 442 shares during the period. Institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TPH. Wall Street Zen cut shares of Tri Pointe Homes from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Evercore ISI decreased their price target on shares of Tri Pointe Homes from $39.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, July 25th. Wedbush restated an "outperform" rating and set a $43.00 price target on shares of Tri Pointe Homes in a report on Friday, July 25th. Finally, Wolfe Research cut shares of Tri Pointe Homes from an "outperform" rating to a "peer perform" rating in a report on Sunday, July 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.80.

Tri Pointe Homes Stock Up 2.3%

TPH traded up $0.76 during midday trading on Tuesday, hitting $33.58. 171,718 shares of the company's stock traded hands, compared to its average volume of 1,038,991. The company has a market cap of $3.04 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. The stock's fifty day simple moving average is $32.11 and its 200-day simple moving average is $32.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 1.79. Tri Pointe Homes Inc. has a one year low of $27.90 and a one year high of $46.91.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The construction company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.11. The firm had revenue of $884.01 million for the quarter, compared to analyst estimates of $810.77 million. Tri Pointe Homes had a net margin of 9.22% and a return on equity of 11.33%. The company's revenue for the quarter was down 22.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 earnings per share. As a group, equities analysts anticipate that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current fiscal year.

Tri Pointe Homes declared that its board has approved a share buyback plan on Thursday, July 24th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 1.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is 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.