TIAA CREF Investment Management LLC Grows Stake in TRI Pointe Group, Inc. (TPH)

TIAA CREF Investment Management LLC lifted its stake in shares of TRI Pointe Group, Inc. (NYSE:TPH) by 4.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 420,812 shares of the construction company’s stock after purchasing an additional 19,497 shares during the period. TIAA CREF Investment Management LLC owned about 0.28% of TRI Pointe Group worth $5,551,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. World Asset Management Inc purchased a new stake in shares of TRI Pointe Group during the second quarter worth about $132,000. Cornerstone Financial Partners LLC purchased a new stake in shares of TRI Pointe Group during the second quarter worth about $148,000. Riverhead Capital Management LLC increased its stake in shares of TRI Pointe Group by 89.9% during the second quarter. Riverhead Capital Management LLC now owns 12,720 shares of the construction company’s stock worth $168,000 after purchasing an additional 6,020 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of TRI Pointe Group by 6.0% during the second quarter. Teacher Retirement System of Texas now owns 12,729 shares of the construction company’s stock worth $168,000 after purchasing an additional 725 shares in the last quarter. Finally, LS Investment Advisors LLC increased its stake in shares of TRI Pointe Group by 33.4% during the second quarter. LS Investment Advisors LLC now owns 13,083 shares of the construction company’s stock worth $173,000 after purchasing an additional 3,276 shares in the last quarter.

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Shares of TRI Pointe Group, Inc. (NYSE TPH) opened at 14.64 on Monday. TRI Pointe Group, Inc. has a 52 week low of $10.35 and a 52 week high of $14.72. The company’s 50-day moving average is $13.35 and its 200 day moving average is $12.99. The stock has a market cap of $2.22 billion, a PE ratio of 17.39 and a beta of 1.68.

TRI Pointe Group (NYSE:TPH) last announced its earnings results on Wednesday, July 26th. The construction company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $568.80 million during the quarter, compared to analysts’ expectations of $563.72 million. TRI Pointe Group had a net margin of 5.77% and a return on equity of 7.32%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. Analysts forecast that TRI Pointe Group, Inc. will post $1.34 earnings per share for the current fiscal year.

TRI Pointe Group declared that its Board of Directors has initiated a share repurchase program on Wednesday, July 26th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the construction company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

A number of analysts have recently commented on TPH shares. Zacks Investment Research raised shares of TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, July 19th. Barclays PLC cut shares of TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 target price for the company. in a research note on Tuesday, July 11th. BidaskClub raised shares of TRI Pointe Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Citigroup Inc. cut shares of TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 target price for the company. in a research note on Thursday, July 27th. Finally, ValuEngine raised shares of TRI Pointe Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $14.13.

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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Institutional Ownership by Quarter for TRI Pointe Group (NYSE:TPH)

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