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

Cavalier Investments LLC grew its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,208 shares of the construction company’s stock after buying an additional 864 shares during the period. Cavalier Investments LLC’s holdings in Tri Pointe Homes were worth $769,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TPH. Creative Planning lifted its position in shares of Tri Pointe Homes by 39.3% during the 3rd quarter. Creative Planning now owns 18,813 shares of the construction company’s stock valued at $852,000 after buying an additional 5,310 shares in the last quarter. Blue Trust Inc. raised its stake in Tri Pointe Homes by 33.5% during the 3rd quarter. Blue Trust Inc. now owns 2,368 shares of the construction company’s stock valued at $107,000 after purchasing an additional 594 shares during the period. Raymond James & Associates raised its stake in Tri Pointe Homes by 19.2% during the 3rd quarter. Raymond James & Associates now owns 208,566 shares of the construction company’s stock valued at $9,450,000 after purchasing an additional 33,629 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in Tri Pointe Homes during the 3rd quarter valued at approximately $259,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Tri Pointe Homes during the 3rd quarter valued at approximately $226,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com downgraded Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Wedbush reissued a “neutral” rating and set a $38.00 target price (down previously from $44.00) on shares of Tri Pointe Homes in a research note on Tuesday, February 18th. Oppenheimer decreased their target price 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. Evercore ISI decreased 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. Finally, Royal Bank of Canada downgraded Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $41.00 to $37.00 in a research note on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.60.

Tri Pointe Homes Stock Performance

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. Tri Pointe Homes, Inc. has a 1 year low of $30.25 and a 1 year high of $47.78. The stock’s 50 day simple moving average is $35.89 and its two-hundred day simple moving average is $40.44. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 0.67 and a beta of 1.64.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.07. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. As a group, equities analysts anticipate that Tri Pointe Homes, Inc. will post 3.58 earnings per share for the current fiscal year.

Tri Pointe Homes declared that its board has authorized a stock buyback plan on Wednesday, December 18th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 7.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, COO Thomas J. Mitchell sold 77,384 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $39.15, for a total transaction of $3,029,583.60. Following the transaction, the chief operating officer now owns 708,159 shares of the company’s stock, valued at approximately $27,724,424.85. The trade was a 9.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Tri Pointe Homes 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.