SG Americas Securities LLC grew its holdings in TRI Pointe Group Inc (NYSE:TPH) by 89.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 114,643 shares of the construction company’s stock after purchasing an additional 54,117 shares during the period. SG Americas Securities LLC owned approximately 0.08% of TRI Pointe Group worth $1,422,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Truvestments Capital LLC bought a new stake in TRI Pointe Group during the 2nd quarter worth $172,000. Jane Street Group LLC bought a new stake in TRI Pointe Group during the 2nd quarter worth $185,000. Eqis Capital Management Inc. bought a new stake in TRI Pointe Group during the 2nd quarter worth $197,000. First Hawaiian Bank bought a new stake in TRI Pointe Group during the 3rd quarter worth $279,000. Finally, KCS Wealth Advisory grew its position in TRI Pointe Group by 61.2% during the 3rd quarter. KCS Wealth Advisory now owns 23,437 shares of the construction company’s stock worth $291,000 after acquiring an additional 8,901 shares during the last quarter.
A number of equities research analysts recently weighed in on TPH shares. B. Riley reduced their price objective on TRI Pointe Group from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. JMP Securities set a $14.00 price objective on TRI Pointe Group and gave the stock a “buy” rating in a research report on Thursday, October 25th. TheStreet lowered TRI Pointe Group from a “b-” rating to a “c+” rating in a research report on Wednesday, October 10th. ValuEngine upgraded TRI Pointe Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Finally, Zacks Investment Research upgraded TRI Pointe Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. TRI Pointe Group currently has a consensus rating of “Hold” and a consensus price target of $16.90.
Shares of TPH opened at $12.39 on Friday. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 6.51, a P/E/G ratio of 0.67 and a beta of 1.27. TRI Pointe Group Inc has a 12 month low of $10.55 and a 12 month high of $19.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.34 and a current ratio of 0.34.
TRI Pointe Group (NYSE:TPH) last announced its earnings results on Wednesday, October 24th. The construction company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.04. The firm had revenue of $771.80 million for the quarter, compared to the consensus estimate of $768.01 million. TRI Pointe Group had a return on equity of 14.09% and a net margin of 7.51%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. On average, equities research analysts forecast that TRI Pointe Group Inc will post 1.78 EPS for the current year.
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TRI Pointe Group 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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