Grantham Mayo Van Otterloo & Co. LLC Has $1.20 Million Stock Holdings in Tri Pointe Homes, Inc. (NYSE:TPH)

Grantham Mayo Van Otterloo & Co. LLC decreased its holdings in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 9.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 33,079 shares of the construction company’s stock after selling 3,391 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Tri Pointe Homes were worth $1,199,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in Tri Pointe Homes by 24.9% during the 4th quarter. Wells Fargo & Company MN now owns 53,413 shares of the construction company’s stock worth $1,937,000 after acquiring an additional 10,650 shares during the period. Kesler Norman & Wride LLC boosted its holdings in shares of Tri Pointe Homes by 70.7% during the fourth quarter. Kesler Norman & Wride LLC now owns 17,088 shares of the construction company’s stock worth $620,000 after purchasing an additional 7,078 shares during the period. Trexquant Investment LP grew its position in Tri Pointe Homes by 221.5% during the fourth quarter. Trexquant Investment LP now owns 194,071 shares of the construction company’s stock valued at $7,037,000 after purchasing an additional 133,711 shares in the last quarter. Headlands Technologies LLC increased its stake in Tri Pointe Homes by 103.8% in the 4th quarter. Headlands Technologies LLC now owns 4,056 shares of the construction company’s stock valued at $147,000 after buying an additional 2,066 shares during the period. Finally, Geode Capital Management LLC lifted its position in 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 worth $91,748,000 after buying an additional 44,160 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Tri Pointe Homes Stock Down 5.2 %

Shares of Tri Pointe Homes stock opened at $30.17 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 2.24 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $33.14 and a two-hundred day moving average price of $38.10. The stock has a market capitalization of $2.77 billion, a P/E ratio of 6.25, a PEG ratio of 0.67 and a beta of 1.44. Tri Pointe Homes, Inc. has a 12-month low of $29.91 and a 12-month high of $47.78.

Tri Pointe Homes (NYSE:TPH) last announced its earnings results 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 return on equity of 14.34% and a net margin of 10.36%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Equities analysts expect that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current year.

Tri Pointe Homes announced that its board has authorized a share repurchase program on Wednesday, December 18th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 7.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

TPH has been the topic of several research analyst reports. Oppenheimer lowered their price target on shares of Tri Pointe Homes from $53.00 to $43.00 and set an “outperform” rating on the stock 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 on the stock in a research note on Wednesday, February 19th. Wedbush reaffirmed a “neutral” rating and set a $38.00 price target (down from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday, February 18th. Royal Bank of Canada cut Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $41.00 to $37.00 in a research note on Wednesday, February 19th. Finally, Seaport Res Ptn raised shares of Tri Pointe Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.60.

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.