Factorial Partners LLC Has $2.78 Million Holdings in Tri Pointe Homes Inc. (NYSE:TPH)

Key Points

• Factorial Partners LLC increased its stake in Tri Pointe Homes Inc. by 27.9% in the first quarter, acquiring an additional 19,000 shares, bringing its total ownership to 87,000 shares.
• Tri Pointe Homes reported earnings of $0.77 per share, outperforming estimates, but its revenue of $884.01 million marked a 22.3% decline year-over-year.
• The company has initiated a $50 million stock repurchase plan, suggesting confidence from the board that the stock is undervalued.

Factorial Partners LLC boosted its position in Tri Pointe Homes Inc. (NYSE:TPH - Free Report) by 27.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 87,000 shares of the construction company's stock after acquiring an additional 19,000 shares during the period. Tri Pointe Homes accounts for approximately 1.7% of Factorial Partners LLC's portfolio, making the stock its 25th largest holding. Factorial Partners LLC owned approximately 0.10% of Tri Pointe Homes worth $2,777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in Tri Pointe Homes by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,529,823 shares of the construction company's stock worth $91,748,000 after buying an additional 44,160 shares in the last quarter. LSV Asset Management boosted its position in shares of Tri Pointe Homes by 4.8% during the first quarter. LSV Asset Management now owns 1,762,922 shares of the construction company's stock valued at $56,272,000 after buying an additional 80,198 shares during the last quarter. Nuveen Asset Management LLC boosted its position in shares of Tri Pointe Homes by 3.0% during the fourth quarter. Nuveen Asset Management LLC now owns 1,736,288 shares of the construction company's stock valued at $62,958,000 after buying an additional 49,916 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new position in Tri Pointe Homes in the fourth quarter worth about $60,261,000. Finally, Northern Trust Corp lifted its position in shares of Tri Pointe Homes by 13.8% during the 4th quarter. Northern Trust Corp now owns 1,286,390 shares of the construction company's stock valued at $46,645,000 after buying an additional 155,694 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Price Performance

TPH traded down $0.30 during trading on Thursday, reaching $32.75. The stock had a trading volume of 995,570 shares, compared to its average volume of 1,317,030. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 0.90 and a beta of 1.22. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average of $31.97 and a two-hundred day moving average of $32.15. Tri Pointe Homes Inc. has a 1-year low of $27.90 and a 1-year high of $46.91.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its earnings results on Thursday, July 24th. The construction company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.66 by $0.11. The firm had revenue of $884.01 million for 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 business's quarterly revenue was down 22.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 earnings per share. As a group, equities analysts anticipate that Tri Pointe Homes Inc. will post 3.58 EPS for the current fiscal year.

Tri Pointe Homes declared that its board has initiated 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 reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

TPH has been the topic of a number of research reports. Wedbush reaffirmed an "outperform" rating and issued a $43.00 price objective on shares of Tri Pointe Homes in a research note 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. Evercore ISI dropped their target price 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. Finally, Wall Street Zen downgraded Tri Pointe Homes from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Tri Pointe Homes presently has a consensus rating of "Moderate Buy" and an average 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.