Vanguard Group Inc. Has $353.23 Million Stake in Tri Pointe Homes Inc. $TPH

Key Points

• Vanguard Group Inc. reduced its holdings in Tri Pointe Homes Inc. by 4.4%, selling 507,770 shares during the 1st quarter, leaving it with 11,066,043 shares valued at $353.2 million.
• Tri Pointe Homes recently reported a quarterly earnings per share (EPS) of $0.77, exceeding expectations, although its revenue showed a 22.3% decline year-over-year.
• The company announced a $50 million share buyback program, indicating management's belief that its stock is currently undervalued.

Vanguard Group Inc. decreased its holdings in Tri Pointe Homes Inc. (NYSE:TPH - Free Report) by 4.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,066,043 shares of the construction company's stock after selling 507,770 shares during the quarter. Vanguard Group Inc. owned 12.20% of Tri Pointe Homes worth $353,228,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TPH. Xponance Inc. raised its position in shares of Tri Pointe Homes by 5.0% in the 1st quarter. Xponance Inc. now owns 7,095 shares of the construction company's stock valued at $226,000 after buying an additional 336 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Tri Pointe Homes by 0.8% during the 1st quarter. Federated Hermes Inc. now owns 55,975 shares of the construction company's stock valued at $1,787,000 after purchasing an additional 430 shares during the last quarter. Hancock Whitney Corp grew its holdings in shares of Tri Pointe Homes by 8.3% during the 4th quarter. Hancock Whitney Corp now owns 5,779 shares of the construction company's stock valued at $210,000 after purchasing an additional 442 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Tri Pointe Homes by 5.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 9,645 shares of the construction company's stock valued at $350,000 after purchasing an additional 488 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of Tri Pointe Homes by 2.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 29,941 shares of the construction company's stock valued at $1,086,000 after purchasing an additional 573 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Tri Pointe Homes Trading Down 0.2%

TPH traded down $0.0630 during trading on Thursday, reaching $34.2370. 922,063 shares of the company's stock were exchanged, compared to its average volume of 1,242,941. Tri Pointe Homes Inc. has a one year low of $27.90 and a one year high of $46.91. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $3.10 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.93 and a beta of 1.22. The firm has a fifty day moving average price of $32.76 and a two-hundred day moving average price of $31.94.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its earnings results on Thursday, July 24th. The construction company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.11. Tri Pointe Homes had a net margin of 9.22% and a return on equity of 11.33%. The firm had revenue of $884.01 million for the quarter, compared to analyst estimates of $810.77 million. During the same period in the previous year, the firm posted $1.25 EPS. The company's revenue for the quarter was down 22.3% compared to the same quarter last year. As a group, 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 has authorized a share buyback program on Thursday, July 24th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 1.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TPH shares. Wall Street Zen lowered shares of Tri Pointe Homes from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Wedbush reaffirmed an "outperform" rating and set a $43.00 price target on shares of Tri Pointe Homes in a report on Friday, July 25th. Evercore ISI decreased 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 report on Friday, July 25th. Finally, Wolfe Research lowered 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 Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.