Tri Pointe Homes, Inc. (NYSE:TPH) Stock Holdings Increased by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC boosted its stake in shares of Tri Pointe Homes, Inc. (NYSE:TPH) by 21.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,237 shares of the construction company’s stock after acquiring an additional 1,272 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Tri Pointe Homes were worth $262,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new position in shares of Tri Pointe Homes during the 4th quarter valued at $118,407,000. Assenagon Asset Management S.A. boosted its position in Tri Pointe Homes by 260.8% during the third quarter. Assenagon Asset Management S.A. now owns 1,417,263 shares of the construction company’s stock valued at $64,216,000 after purchasing an additional 1,024,425 shares during the last quarter. Weiss Asset Management LP purchased a new position in Tri Pointe Homes in the third quarter valued at about $16,066,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Tri Pointe Homes in the 2nd quarter worth about $9,599,000. Finally, Bridgewater Associates LP raised its stake in shares of Tri Pointe Homes by 476.3% during the 3rd quarter. Bridgewater Associates LP now owns 174,719 shares of the construction company’s stock worth $7,917,000 after purchasing an additional 144,403 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TPH shares. Royal Bank of Canada lowered their price target on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. StockNews.com lowered shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Wedbush reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Finally, Oppenheimer lowered their target price on shares of Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tri Pointe Homes has a consensus rating of “Moderate Buy” and an average target price of $45.75.

Tri Pointe Homes Trading Down 1.3 %

NYSE:TPH opened at $36.99 on Thursday. The company’s 50 day moving average is $38.70 and its 200-day moving average is $41.71. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes, Inc. has a 12 month low of $33.24 and a 12 month high of $47.78. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 0.60 and a beta of 1.64.

Tri Pointe Homes announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 18th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the construction company to reacquire up to 7.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, COO Thomas J. Mitchell sold 77,384 shares of the firm’s stock in a transaction dated 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 directly owns 708,159 shares of the company’s stock, valued at approximately $27,724,424.85. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.