Federated Investors Inc. PA lowered its position in TRI Pointe Group Inc (NYSE:TPH) by 52.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,917 shares of the construction company’s stock after selling 45,500 shares during the period. Federated Investors Inc. PA’s holdings in TRI Pointe Group were worth $470,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in TPH. LS Investment Advisors LLC increased its stake in TRI Pointe Group by 5.6% in the third quarter. LS Investment Advisors LLC now owns 9,474 shares of the construction company’s stock worth $125,000 after buying an additional 500 shares during the last quarter. 1st Global Advisors Inc. increased its stake in TRI Pointe Group by 9.4% in the third quarter. 1st Global Advisors Inc. now owns 11,268 shares of the construction company’s stock valued at $149,000 after buying an additional 972 shares in the last quarter. Stonebridge Capital Management Inc. acquired a new stake in TRI Pointe Group during the third quarter valued at about $154,000. First Interstate Bank increased its stake in TRI Pointe Group by 23.7% in the fourth quarter. First Interstate Bank now owns 15,455 shares of the construction company’s stock valued at $177,000 after buying an additional 2,965 shares in the last quarter. Finally, Bridgewater Associates LP acquired a new stake in TRI Pointe Group during the third quarter valued at about $238,000. Hedge funds and other institutional investors own 97.78% of the company’s stock.
TRI Pointe Group Inc (NYSE:TPH) traded down 0.49% during trading on Friday, hitting $12.16. 1,722,952 shares of the stock traded hands. The stock has a market cap of $1.93 billion, a PE ratio of 10.05 and a beta of 1.73. The company has a 50-day moving average price of $12.50 and a 200 day moving average price of $12.13. TRI Pointe Group Inc has a one year low of $10.35 and a one year high of $14.20.
TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings results on Wednesday, February 22nd. The construction company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.01. The company earned $773.30 million during the quarter, compared to analyst estimates of $792.88 million. TRI Pointe Group had a net margin of 8.87% and a return on equity of 12.73%. The company’s quarterly revenue was down 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. Analysts expect that TRI Pointe Group Inc will post $1.29 earnings per share for the current year.
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TPH has been the subject of several research reports. Barclays PLC started coverage on shares of TRI Pointe Group in a research note on Thursday, January 5th. They set an “overweight” rating and a $14.00 price objective for the company. BTIG Research started coverage on shares of TRI Pointe Group in a research report on Tuesday, February 7th. They set a “sell” rating and a $10.00 target price on the stock. Wedbush reduced their target price on shares of TRI Pointe Group from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 21st. Zacks Investment Research cut shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a report on Thursday, February 23rd. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $16.00 price target on shares of TRI Pointe Group in a report on Thursday, February 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $14.38.
In other news, Director Barry S. Sternlicht sold 11,985,905 shares of the stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $12.76, for a total value of $152,940,147.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.40% of the company’s stock.
About TRI Pointe Group
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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