TRI Pointe announces $250M stock buyback program

Tri Pointe (TPH) Homes “announced that its Board of Directors has approved a new stock repurchase program authorizing the repurchase of up to $250M of common stock through December 31, 2025, which succeeds the stock repurchase program that the Board of Directors authorized in December 2023. For the fourth quarter through December 17, 2024, under the 2024 Repurchase Program, the Company repurchased 1,202,913 shares of common stock at a weighted average price per share of $41.57 for an aggregate dollar amount of $50.0 million. For the full year through December 17, 2024, under the 2024 Repurchase Program, the Company repurchased 3,964,537 shares of common stock at a weighted average price per share of $36.97 for an aggregate dollar amount of $146.6 million.”