American Century Companies Inc. Increases Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

American Century Companies Inc. grew its stake in Tri Pointe Homes, Inc. (NYSE:TPH) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,946,471 shares of the construction company’s stock after buying an additional 238,807 shares during the period. American Century Companies Inc. owned approximately 2.08% of Tri Pointe Homes worth $70,579,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. HighTower Advisors LLC bought a new position in Tri Pointe Homes in the fourth quarter valued at $5,553,000. Geode Capital Management LLC increased its position in shares of Tri Pointe Homes by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,485,663 shares of the construction company’s stock valued at $112,644,000 after purchasing an additional 76,830 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Tri Pointe Homes by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 486,100 shares of the construction company’s stock valued at $17,626,000 after buying an additional 16,380 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Tri Pointe Homes by 404.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 43,849 shares of the construction company’s stock worth $1,987,000 after buying an additional 35,162 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake in Tri Pointe Homes by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,138,547 shares of the construction company’s stock worth $41,284,000 after buying an additional 27,691 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Trading Down 0.5 %

TPH opened at $32.26 on Wednesday. Tri Pointe Homes, Inc. has a one year low of $30.25 and a one year high of $47.78. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.24 and a quick ratio of 1.64. The business has a 50 day simple moving average of $34.16 and a two-hundred day simple moving average of $38.86. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 0.67 and a beta of 1.71.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.07. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.22 billion. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. Analysts predict that Tri Pointe Homes, Inc. will post 3.58 EPS for the current year.

Tri Pointe Homes announced that its Board of Directors has approved a stock buyback program on Wednesday, December 18th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 7.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

TPH has been the subject of a number of recent research reports. Seaport Res Ptn upgraded shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Evercore ISI lowered their price target on shares of Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Oppenheimer reduced their price objective on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Wedbush restated a “neutral” rating and set a $38.00 target price (down from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Finally, StockNews.com lowered Tri Pointe Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.60.

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.