Victory Capital Management Inc. Acquires 26,836 Shares of Tri Pointe Homes Inc. (NYSE:TPH)

Victory Capital Management Inc. grew its position in Tri Pointe Homes Inc. (NYSE:TPH - Free Report) by 8.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 333,422 shares of the construction company's stock after acquiring an additional 26,836 shares during the period. Victory Capital Management Inc. owned 0.37% of Tri Pointe Homes worth $10,643,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Tri Pointe Homes by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 11,573,813 shares of the construction company's stock valued at $419,666,000 after acquiring an additional 143,365 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Tri Pointe Homes by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,529,823 shares of the construction company's stock valued at $91,748,000 after acquiring an additional 44,160 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Tri Pointe Homes by 3.0% in the 4th quarter. Nuveen Asset Management LLC now owns 1,736,288 shares of the construction company's stock valued at $62,958,000 after acquiring an additional 49,916 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of Tri Pointe Homes in the 4th quarter valued at $60,261,000. Finally, Northern Trust Corp lifted its stake in shares of Tri Pointe Homes by 13.8% in the 4th quarter. Northern Trust Corp now owns 1,286,390 shares of the construction company's stock valued at $46,645,000 after acquiring an additional 155,694 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Tri Pointe Homes Trading Up 0.3%

NYSE:TPH traded up $0.11 during trading hours on Monday, hitting $31.70. 1,922,208 shares of the company were exchanged, compared to its average volume of 1,078,973. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 0.82 and a beta of 1.25. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.28. Tri Pointe Homes Inc. has a one year low of $27.90 and a one year high of $47.07. The company has a fifty day simple moving average of $31.64 and a 200 day simple moving average of $32.34.

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

Tri Pointe Homes declared that its board has authorized a stock buyback program on Thursday, July 24th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to purchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

TPH has been the subject of a number of research reports. Evercore ISI dropped their price target on Tri Pointe Homes from $39.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday. Wolfe Research lowered Tri Pointe Homes from an "outperform" rating to a "peer perform" rating in a research report on Sunday. Wedbush reaffirmed an "outperform" rating and set a $43.00 target price on shares of Tri Pointe Homes in a research report on Friday. Finally, Wall Street Zen lowered Tri Pointe Homes from a "hold" rating to a "sell" rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock 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.