Inspire Advisors LLC Purchases 21,231 Shares of Tri Pointe Homes Inc. (NYSE:TPH)

Key Points

• Inspire Advisors LLC increased its stake in Tri Pointe Homes Inc. by 121.0%, owning 38,778 shares worth approximately $1.24 million as of the latest SEC filing.
• CEO Douglas F. Bauer sold 120,287 shares of the company, reducing his ownership by 16.08% and raising around $3.63 million from the sale.
• Tri Pointe Homes reported a decrease in revenue of 22.3% year-over-year, with earnings per share of $0.77, exceeding analysts' estimates of $0.66.

Inspire Advisors LLC lifted its holdings in shares of Tri Pointe Homes Inc. (NYSE:TPH - Free Report) by 121.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,778 shares of the construction company's stock after buying an additional 21,231 shares during the quarter. Inspire Advisors LLC's holdings in Tri Pointe Homes were worth $1,238,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Tri Pointe Homes by 9.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,272 shares of the construction company's stock worth $296,000 after buying an additional 800 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Tri Pointe Homes by 57.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,880 shares of the construction company's stock valued at $252,000 after buying an additional 2,875 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Tri Pointe Homes by 2.9% in the first quarter. Principal Financial Group Inc. now owns 500,398 shares of the construction company's stock valued at $15,973,000 after buying an additional 14,298 shares during the period. SG Americas Securities LLC acquired a new position in Tri Pointe Homes during the first quarter worth $300,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Tri Pointe Homes by 3.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 27,396 shares of the construction company's stock worth $874,000 after purchasing an additional 801 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Tri Pointe Homes Price Performance

Shares of TPH traded up $0.44 during mid-day trading on Wednesday, reaching $31.72. The company had a trading volume of 456,516 shares, compared to its average volume of 1,027,857. The company's 50 day simple moving average is $31.64 and its 200 day simple moving average is $32.33. Tri Pointe Homes Inc. has a 1-year low of $27.90 and a 1-year high of $47.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 8.06, a P/E/G ratio of 0.86 and a beta of 1.25.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.11. The business had revenue of $884.01 million during 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 firm's quarterly revenue was down 22.3% on a year-over-year basis. During the same quarter last year, the business earned $1.25 EPS. Analysts expect that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes declared that its board has initiated a stock repurchase program on Thursday, July 24th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the construction company to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TPH has been the topic of several analyst reports. Evercore ISI dropped their price target on shares of Tri Pointe Homes from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th. Wedbush reissued an "outperform" rating and issued a $43.00 price objective on shares of Tri Pointe Homes in a research report on Friday, July 25th. Wolfe Research lowered shares of Tri Pointe Homes from an "outperform" rating to a "peer perform" rating in a research report on Sunday. Finally, Wall Street Zen downgraded shares of Tri Pointe Homes from a "hold" rating to a "sell" rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tri Pointe Homes has an average rating of "Moderate Buy" and an average 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.