Nisa Investment Advisors LLC Purchases 789 Shares of Tri Pointe Homes, Inc. (NYSE:TPH)

Nisa Investment Advisors LLC increased its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 51.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,324 shares of the construction company’s stock after purchasing an additional 789 shares during the period. Nisa Investment Advisors LLC’s holdings in Tri Pointe Homes were worth $84,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP grew its position in shares of Tri Pointe Homes by 4.4% in the 3rd quarter. GSA Capital Partners LLP now owns 6,189 shares of the construction company’s stock worth $280,000 after buying an additional 258 shares during the period. Empowered Funds LLC grew its holdings in Tri Pointe Homes by 0.3% in the third quarter. Empowered Funds LLC now owns 99,346 shares of the construction company’s stock worth $4,501,000 after purchasing an additional 265 shares during the period. Park Avenue Securities LLC grew its holdings in Tri Pointe Homes by 7.4% in the fourth quarter. Park Avenue Securities LLC now owns 6,412 shares of the construction company’s stock worth $232,000 after purchasing an additional 444 shares during the period. First Trust Direct Indexing L.P. increased its stake in shares of Tri Pointe Homes by 9.4% during the third quarter. First Trust Direct Indexing L.P. now owns 6,266 shares of the construction company’s stock valued at $284,000 after purchasing an additional 541 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Tri Pointe Homes by 33.5% during the third 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 last quarter. Institutional investors own 97.01% of the company’s stock.

Tri Pointe Homes Stock Performance

Shares of TPH opened at $37.90 on Friday. The company has a current ratio of 1.64, a quick 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 company has a market cap of $3.55 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.60 and a beta of 1.64. The business’s fifty day simple moving average is $38.61 and its two-hundred day simple moving average is $41.68.

Tri Pointe Homes announced that its Board of Directors has approved a stock buyback program on Wednesday, December 18th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 7.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 77,384 shares of Tri Pointe Homes stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $39.15, for a total value of $3,029,583.60. Following the completion of the sale, 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 is accessible through this hyperlink. 2.00% of the stock is owned by insiders.

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.