Mach 1 Financial Group LLC Takes $402,000 Position in Tri Pointe Homes Inc. $TPH

Mach 1 Financial Group LLC acquired a new position in Tri Pointe Homes Inc. (NYSE:TPH) in the fourth quarter, HoldingsChannel reports. The fund acquired 12,768 shares of the construction company’s stock, valued at approximately $402,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its position in shares of Tri Pointe Homes by 353.2% in the 2nd quarter. AQR Capital Management LLC now owns 687,307 shares of the construction company’s stock worth $21,788,000 after purchasing an additional 535,640 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Tri Pointe Homes by 52.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 895,569 shares of the construction company’s stock worth $30,422,000 after buying an additional 309,223 shares in the last quarter. Bank of America Corp DE lifted its holdings in Tri Pointe Homes by 34.1% during the third quarter. Bank of America Corp DE now owns 1,099,955 shares of the construction company’s stock worth $37,365,000 after buying an additional 279,979 shares during the period. American Century Companies Inc. boosted its position in Tri Pointe Homes by 10.1% during the 3rd quarter. American Century Companies Inc. now owns 2,755,767 shares of the construction company’s stock valued at $93,613,000 after acquiring an additional 252,949 shares in the last quarter. Finally, Boston Partners boosted its position in Tri Pointe Homes by 30.7% during the 3rd quarter. Boston Partners now owns 1,071,983 shares of the construction company’s stock valued at $36,413,000 after acquiring an additional 251,491 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada upped their price target on Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Oppenheimer lowered shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Finally, Weiss Ratings cut Tri Pointe Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Tri Pointe Homes currently has an average rating of “Hold” and an average price target of $42.50.

Tri Pointe Homes Stock Up 0.0%

Shares of NYSE TPH opened at $46.97 on Friday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.33. Tri Pointe Homes Inc. has a 52-week low of $28.72 and a 52-week high of $46.99. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.37 and a beta of 1.16. The company’s 50-day simple moving average is $46.78 and its 200-day simple moving average is $39.66.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.22). Tri Pointe Homes had a net margin of 5.77% and a return on equity of 6.24%. The firm had revenue of $507.90 million during the quarter, compared to analysts’ expectations of $495.67 million. During the same quarter in the previous year, the business posted $0.70 EPS. The company’s revenue for the quarter was down 29.7% on a year-over-year basis. Equities analysts predict that Tri Pointe Homes Inc. will post 2.64 EPS for the current fiscal year.

About Tri Pointe Homes

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.