Stock Buyback Program Announced by Tri Pointe Homes (NYSE:TPH) Board of Directors
Tri Pointe Homes (NYSE:TPH – Get Free Report) announced that its Board of Directors has approved a share buyback program on Wednesday, December 18th, RTT News reports. The company plans to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 7.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
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