Royce & Associates LP decreased its position in TRI Pointe Group Inc (NYSE:TPH) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 656,872 shares of the construction company’s stock after selling 42,500 shares during the quarter. Royce & Associates LP’s holdings in TRI Pointe Group were worth $11,771,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in TPH. Virtu Financial LLC bought a new stake in TRI Pointe Group during the third quarter worth approximately $197,000. Quantitative Systematic Strategies LLC bought a new stake in TRI Pointe Group during the third quarter worth approximately $202,000. California Public Employees Retirement System boosted its position in TRI Pointe Group by 140.0% during the third quarter. California Public Employees Retirement System now owns 24,000 shares of the construction company’s stock worth $331,000 after purchasing an additional 14,000 shares during the period. Acadian Asset Management LLC bought a new stake in TRI Pointe Group during the fourth quarter worth approximately $337,000. Finally, Crossmark Global Holdings Inc. bought a new stake in TRI Pointe Group during the third quarter worth approximately $340,000.
TRI Pointe Group Inc (NYSE TPH) opened at $16.39 on Friday. TRI Pointe Group Inc has a 1-year low of $11.74 and a 1-year high of $19.55. The company has a market capitalization of $2,470.00, a P/E ratio of 11.96, a PEG ratio of 0.87 and a beta of 1.57. The company has a current ratio of 1.01, a quick ratio of 0.43 and a debt-to-equity ratio of 0.76.
TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. TRI Pointe Group had a return on equity of 11.89% and a net margin of 6.66%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company earned $0.36 earnings per share. The company’s quarterly revenue was up 45.7% compared to the same quarter last year. equities research analysts anticipate that TRI Pointe Group Inc will post 1.76 EPS for the current year.
TRI Pointe Group declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 20th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
A number of equities research analysts have issued reports on the company. B. Riley reaffirmed a “buy” rating on shares of TRI Pointe Group in a research report on Wednesday, November 1st. Zacks Investment Research raised TRI Pointe Group from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Saturday, January 6th. ValuEngine raised TRI Pointe Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Wedbush reaffirmed an “outperform” rating and set a $21.00 target price on shares of TRI Pointe Group in a research report on Wednesday. Finally, Barclays raised TRI Pointe Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $17.00 to $21.00 in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $18.22.
In related news, CEO Douglas F. Bauer sold 75,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $1,353,000.00. Following the completion of the transaction, the chief executive officer now directly owns 289,313 shares in the company, valued at $5,219,206.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas J. Mitchell sold 150,822 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $18.83, for a total value of $2,839,978.26. Following the completion of the transaction, the insider now owns 274,312 shares of the company’s stock, valued at $5,165,294.96. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.
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TRI Pointe Group Company Profile
TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.
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