The Manufacturers Life Insurance Company lifted its holdings in TRI Pointe Group Inc (NYSE:TPH) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 357,466 shares of the construction company’s stock after buying an additional 27,044 shares during the period. The Manufacturers Life Insurance Company owned about 0.24% of TRI Pointe Group worth $6,405,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Aperio Group LLC raised its holdings in shares of TRI Pointe Group by 9.1% during the third quarter. Aperio Group LLC now owns 82,298 shares of the construction company’s stock worth $1,137,000 after acquiring an additional 6,834 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of TRI Pointe Group during the third quarter worth $340,000. Victory Capital Management Inc. raised its holdings in shares of TRI Pointe Group by 0.9% during the third quarter. Victory Capital Management Inc. now owns 2,064,234 shares of the construction company’s stock worth $28,507,000 after acquiring an additional 17,714 shares in the last quarter. Boston Partners raised its holdings in shares of TRI Pointe Group by 8.1% during the third quarter. Boston Partners now owns 339,650 shares of the construction company’s stock worth $4,690,000 after acquiring an additional 25,500 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of TRI Pointe Group by 5.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 56,137 shares of the construction company’s stock worth $775,000 after acquiring an additional 3,054 shares in the last quarter.
TPH has been the subject of several recent research reports. Wedbush increased their price objective on TRI Pointe Group from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, December 29th. ValuEngine upgraded TRI Pointe Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Barclays upgraded TRI Pointe Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $17.00 to $21.00 in a report on Friday, January 5th. Finally, Zacks Investment Research lowered TRI Pointe Group from a “buy” rating to a “hold” rating and set a $20.00 target price on the stock. in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.88.
In other news, CEO Douglas F. Bauer sold 75,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 289,313 shares of the company’s stock, valued at $5,219,206.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas J. Mitchell sold 150,822 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 274,312 shares in the company, valued at $5,165,294.96. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
TRI Pointe Group Inc (TPH) opened at $16.56 on Friday. TRI Pointe Group Inc has a 1-year low of $12.01 and a 1-year high of $19.55. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $2,482.91, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.83 and a beta of 1.56.
TRI Pointe Group (NYSE:TPH) last posted its earnings results on Tuesday, February 20th. The construction company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.06. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. TRI Pointe Group had a return on equity of 11.89% and a net margin of 6.66%. The business’s revenue was up 45.7% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share. equities research analysts anticipate that TRI Pointe Group Inc will post 1.8 EPS for the current year.
TRI Pointe Group announced that its Board of Directors has initiated a stock buyback plan on Tuesday, February 20th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
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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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