Fuller & Thaler Asset Management Inc. Acquires 36,740 Shares of TRI Pointe Group, Inc. (TPH)

Fuller & Thaler Asset Management Inc. lifted its position in TRI Pointe Group, Inc. (NYSE:TPH) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,187,528 shares of the construction company’s stock after buying an additional 36,740 shares during the period. Fuller & Thaler Asset Management Inc. owned about 2.12% of TRI Pointe Group worth $44,020,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. World Asset Management Inc bought a new position in TRI Pointe Group during the 2nd quarter worth about $132,000. Shelton Capital Management bought a new position in TRI Pointe Group during the 2nd quarter worth about $146,000. Teacher Retirement System of Texas increased its holdings in TRI Pointe Group by 6.0% during the 2nd 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. Riverhead Capital Management LLC increased its holdings in TRI Pointe Group by 89.9% during the 2nd 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. Finally, LS Investment Advisors LLC increased its holdings in TRI Pointe Group by 33.4% during the 2nd 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.

A number of research firms have issued reports on TPH. B. Riley reiterated a “buy” rating on shares of TRI Pointe Group in a report on Wednesday, November 1st. FBR & Co restated a “buy” rating and set a $20.00 price objective on shares of TRI Pointe Group in a research note on Thursday, October 26th. JMP Securities raised their target price on shares of TRI Pointe Group from $16.00 to $18.00 and gave the company a “market outperform” rating in a research note on Thursday, October 26th. Gabelli raised their target price on shares of TRI Pointe Group from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, ValuEngine upgraded shares of TRI Pointe Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.00.

Shares of TRI Pointe Group, Inc. (TPH) traded up $0.42 during trading hours on Thursday, reaching $17.29. 2,124,067 shares of the company were exchanged, compared to its average volume of 1,935,963. The company has a market capitalization of $2,584.43, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.43 and a quick ratio of 0.43. TRI Pointe Group, Inc. has a fifty-two week low of $11.31 and a fifty-two week high of $18.44.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $717.40 million for the quarter, compared to analysts’ expectations of $706.65 million. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period last year, the firm posted $0.22 earnings per share. sell-side analysts predict that TRI Pointe Group, Inc. will post 1.36 EPS for the current fiscal year.

In other TRI Pointe Group news, VP Bradley William Blank sold 14,725 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $17.54, for a total transaction of $258,276.50. Following the sale, the vice president now owns 49,070 shares of the company’s stock, valued at $860,687.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas F. Bauer sold 42,294 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $17.54, for a total transaction of $741,836.76. Following the sale, the chief executive officer now directly owns 289,313 shares in the company, valued at approximately $5,074,550.02. The disclosure for this sale can be found here. Insiders sold 913,459 shares of company stock worth $15,111,927 over the last three months. 2.20% of the stock is currently owned by insiders.

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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.

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

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