Mach 1 Financial Group LLC Buys New Stake in Tri Pointe Homes Inc. $TPH

Mach 1 Financial Group LLC purchased a new position in Tri Pointe Homes Inc. (NYSE:TPH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,768 shares of the construction company’s stock, valued at approximately $402,000.

Other hedge funds also recently bought and sold shares of the company. Federated Hermes Inc. raised its position in shares of Tri Pointe Homes by 0.6% during the 3rd quarter. Federated Hermes Inc. now owns 63,082 shares of the construction company’s stock valued at $2,143,000 after buying an additional 373 shares in the last quarter. GAMMA Investing LLC raised its position in Tri Pointe Homes by 13.3% during the fourth quarter. GAMMA Investing LLC now owns 3,476 shares of the construction company’s stock valued at $109,000 after purchasing an additional 409 shares during the period. Amundi lifted its stake in shares of Tri Pointe Homes by 2.8% in the 3rd quarter. Amundi now owns 15,548 shares of the construction company’s stock valued at $527,000 after purchasing an additional 419 shares during the last quarter. Merit Financial Group LLC boosted its holdings in shares of Tri Pointe Homes by 5.0% in the 3rd quarter. Merit Financial Group LLC now owns 8,795 shares of the construction company’s stock worth $299,000 after purchasing an additional 421 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Tri Pointe Homes by 35.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,876 shares of the construction company’s stock worth $59,000 after purchasing an additional 493 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TPH shares. Oppenheimer lowered Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th. Royal Bank Of Canada lifted their price objective on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings downgraded shares of Tri Pointe Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $42.50.

Tri Pointe Homes Stock Up 0.0%

NYSE:TPH opened at $46.97 on Friday. The company 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. Tri Pointe Homes Inc. has a twelve month low of $28.72 and a twelve month high of $46.99. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $46.78 and a 200-day simple moving average of $39.66.

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

Tri Pointe Homes Profile

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.