Cavalier Investments LLC Boosts Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Cavalier Investments LLC boosted its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 4.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 21,208 shares of the construction company’s stock after acquiring an additional 864 shares during the quarter. Cavalier Investments LLC’s holdings in Tri Pointe Homes were worth $769,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. GSA Capital Partners LLP boosted its holdings in Tri Pointe Homes by 4.4% during the 3rd quarter. GSA Capital Partners LLP now owns 6,189 shares of the construction company’s stock valued at $280,000 after acquiring an additional 258 shares during the period. Empowered Funds LLC boosted its holdings in Tri Pointe Homes by 0.3% during the 3rd quarter. Empowered Funds LLC now owns 99,346 shares of the construction company’s stock valued at $4,501,000 after acquiring an additional 265 shares during the period. Highland Capital Management LLC boosted its holdings in Tri Pointe Homes by 6.7% during the 4th quarter. Highland Capital Management LLC now owns 5,852 shares of the construction company’s stock valued at $212,000 after acquiring an additional 368 shares during the period. Park Avenue Securities LLC boosted its holdings in Tri Pointe Homes by 7.4% during the 4th quarter. Park Avenue Securities LLC now owns 6,412 shares of the construction company’s stock valued at $232,000 after acquiring an additional 444 shares during the period. Finally, First Trust Direct Indexing L.P. boosted its holdings in Tri Pointe Homes by 9.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 6,266 shares of the construction company’s stock valued at $284,000 after acquiring an additional 541 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Transactions at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 77,384 shares of Tri Pointe Homes stock in a transaction on Monday, December 16th. The stock was sold at an average price of $39.15, for a total value of $3,029,583.60. Following the sale, the chief operating officer now owns 708,159 shares in the company, valued at $27,724,424.85. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

TPH has been the subject of a number of recent analyst reports. Wedbush restated a “neutral” rating and set a $38.00 price objective (down previously from $44.00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Oppenheimer lowered their target price on Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Evercore ISI lowered their target price on Tri Pointe Homes from $54.00 to $42.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. StockNews.com cut Tri Pointe Homes from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Finally, Royal Bank of Canada cut Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $41.00 to $37.00 in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.60.

Tri Pointe Homes Trading Up 3.8 %

Shares of NYSE TPH opened at $32.65 on Wednesday. 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 stock has a market capitalization of $3.06 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. Tri Pointe Homes, Inc. has a 1-year low of $30.25 and a 1-year high of $47.78. The business has a fifty day moving average price of $35.89 and a 200 day moving average price of $40.44.

Tri Pointe Homes (NYSE:TPH) last issued its 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. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Equities research 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 approved a stock buyback program on Wednesday, December 18th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 7.3% 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.

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.