TRI Pointe Group Inc (TPH) Position Lowered by Fmr LLC

Fmr LLC cut its stake in TRI Pointe Group Inc (NYSE:TPH) by 8.8% in the second quarter, HoldingsChannel.com reports. The firm owned 12,097,024 shares of the construction company’s stock after selling 1,170,362 shares during the quarter. Fmr LLC owned approximately 0.08% of TRI Pointe Group worth $197,907,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in TRI Pointe Group by 10.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,720,247 shares of the construction company’s stock worth $44,503,000 after purchasing an additional 257,461 shares during the period. Victory Capital Management Inc. boosted its stake in TRI Pointe Group by 32.8% in the 2nd quarter. Victory Capital Management Inc. now owns 2,447,957 shares of the construction company’s stock worth $40,048,000 after purchasing an additional 604,489 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in TRI Pointe Group by 11.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,034,583 shares of the construction company’s stock worth $16,926,000 after purchasing an additional 107,761 shares during the period. Fisher Asset Management LLC boosted its stake in TRI Pointe Group by 0.6% in the 2nd quarter. Fisher Asset Management LLC now owns 895,981 shares of the construction company’s stock worth $14,658,000 after purchasing an additional 5,206 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in TRI Pointe Group by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 662,403 shares of the construction company’s stock worth $10,883,000 after purchasing an additional 17,023 shares during the period.

TRI Pointe Group stock opened at $12.58 on Friday. TRI Pointe Group Inc has a one year low of $10.55 and a one year high of $19.55. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market cap of $1.67 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 0.66 and a beta of 1.51.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings data on Wednesday, October 24th. The construction company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.04. TRI Pointe Group had a net margin of 7.51% and a return on equity of 14.09%. The company had revenue of $771.80 million during the quarter, compared to the consensus estimate of $768.01 million. During the same period in the prior year, the business posted $0.48 EPS. The company’s quarterly revenue was up 19.0% on a year-over-year basis. On average, sell-side analysts expect that TRI Pointe Group Inc will post 1.78 earnings per share for the current fiscal year.

TPH has been the subject of a number of research analyst reports. Susquehanna Bancshares set a $21.00 target price on shares of TRI Pointe Group and gave the stock a “buy” rating in a research note on Monday, July 30th. B. Riley reduced their target price on shares of TRI Pointe Group from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, July 30th. Buckingham Research reduced their target price on shares of TRI Pointe Group from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, July 30th. JMP Securities set a $14.00 target price on shares of TRI Pointe Group and gave the stock a “buy” rating in a research note on Thursday, October 25th. Finally, TheStreet lowered shares of TRI Pointe Group from a “b-” rating to a “c+” rating in a research note on Wednesday, October 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $16.90.

TRI Pointe Group Company Profile

TRI Pointe Group, Inc engages in the design, construction, and sale of single-family detached and attached homes in the United States. It operates a portfolio of six brands across eight states, including Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia.

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

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