1 week Ago By Defense World Staff
JPMorgan Chase & Co. boosted its stake in shares of Tri Pointe Homes, Inc. ( NYSE:TPH – Free Report ) by 27.
4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 735,026 shares of the construction company’s stock after acquiring an additional 158,246 shares during the quarter. JPMorgan Chase & Co.
owned 0.79% of Tri Pointe Homes worth $26,652,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock.
Smartleaf Asset Management LLC increased its position in shares of Tri Pointe Homes by 84.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,339 shares of the construction company’s stock worth $49,000 after purchasing an additional 613 shares in the last quarter.
Assetmark Inc. increased its holdings in shares of Tri Pointe Homes by 19.6% during the fourth quarter.
Assetmark Inc. now owns 1,827 shares of the construction company’s stock worth $66,000 after buying an additional 300 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Tri Pointe Homes by 562.
1% during the fourth quarter. Venturi Wealth Management LLC now owns 2,238 shares of the construction company’s stock worth $81,000 after buying an additional 1,900 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Tri Pointe Homes by 51.
4% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,324 shares of the construction company’s stock valued at $84,000 after acquiring an additional 789 shares during the last quarter. Finally, Blue Trust Inc.
grew its position in Tri Pointe Homes by 72.8% during the 4th quarter. Blue Trust Inc.
now owns 4,093 shares of the construction company’s stock worth $148,000 after acquiring an additional 1,725 shares during the last quarter. 97.01% of the stock is owned by institutional investors.
Analyst Ratings Changes Several equities analysts have issued reports on the company. Oppenheimer cut their price objective on Tri Pointe Homes from $53.00 to $43.
00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Wedbush reaffirmed a “neutral” rating and issued a $38.00 price target (down from $44.
00) on shares of Tri Pointe Homes in a report on Tuesday, February 18th. Royal Bank of Canada lowered shares of Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $41.00 to $37.
00 in a report on Wednesday, February 19th. Seaport Res Ptn raised shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Finally, StockNews.
com cut shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.60. Tri Pointe Homes Stock Performance Tri Pointe Homes stock opened at $28.
96 on Wednesday. The company has a market cap of $2.66 billion, a PE ratio of 5.
99, a PEG ratio of 0.67 and a beta of 1.44.
The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.
28. Tri Pointe Homes, Inc. has a 1 year low of $28.
65 and a 1 year high of $47.78. The company’s 50-day moving average is $32.
81 and its two-hundred day moving average is $37.93. Tri Pointe Homes ( NYSE:TPH – Get Free Report ) last announced its quarterly earnings data on Tuesday, February 18th.
The construction company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.
07. Tri Pointe Homes had a net margin of 10.36% and a return on equity of 14.
34%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.
22 billion. Equities analysts anticipate that Tri Pointe Homes, Inc. will post 3.
58 earnings per share for the current year. Tri Pointe Homes announced that its board has approved a share repurchase plan on Wednesday, December 18th that authorizes the company to repurchase $250.00 million in shares.
This repurchase authorization authorizes the construction company to buy up to 7.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
Tri Pointe Homes Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than Tri Pointe Homes Investing in Commodities: What Are They? How to Invest in Them Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance Qualcomm Breaks Down But RSI Signals It’s Severely Oversold How to Choose Top Rated Stocks Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy Want to see what other hedge funds are holding TPH? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Tri Pointe Homes, Inc. ( NYSE:TPH – Free Report ). Receive News & Ratings for Tri Pointe Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tri Pointe Homes and related companies with MarketBeat.
com's FREE daily email newsletter ..
