Jump Financial LLC Purchases Shares of 39,507 Tri Pointe Homes Inc. $TPH

Key Points

• Jump Financial LLC invested approximately $1.26 million in Tri Pointe Homes, purchasing 39,507 shares during the first quarter, as reported in a recent 13F filing with the SEC.
• Tri Pointe Homes reported $0.77 earnings per share for the last quarter, exceeding estimates, but revenue decreased by 22.3% year-over-year.
• The company's board has authorized a $50 million share buyback plan, indicating confidence in the stock's valuation amid a current market cap of $3.20 billion.

Jump Financial LLC purchased a new position in Tri Pointe Homes Inc. (NYSE:TPH - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 39,507 shares of the construction company's stock, valued at approximately $1,261,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its position in shares of Tri Pointe Homes by 56.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 2,096 shares of the construction company's stock worth $67,000 after purchasing an additional 757 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Tri Pointe Homes during the 1st quarter worth $420,000. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in Tri Pointe Homes during the 1st quarter worth $202,000. Hsbc Holdings PLC raised its stake in Tri Pointe Homes by 86.2% during the 1st quarter. Hsbc Holdings PLC now owns 48,519 shares of the construction company's stock worth $1,541,000 after buying an additional 22,462 shares during the period. Finally, First Wilshire Securities Management Inc. acquired a new stake in shares of Tri Pointe Homes in the 1st quarter valued at about $9,987,000. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Price Performance

TPH traded down $0.29 during trading on Tuesday, hitting $35.05. 287,064 shares of the stock traded hands, compared to its average volume of 1,035,233. The business has a 50 day moving average price of $33.47 and a 200 day moving average price of $31.86. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.96 and a beta of 1.27. 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 twelve month low of $27.90 and a twelve month high of $46.91.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last announced its quarterly 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. The company had revenue of $884.01 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 earnings per share. Equities research analysts forecast that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current fiscal year.

Tri Pointe Homes announced that its Board of Directors has approved a share buyback plan on Thursday, July 24th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 1.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

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