Rhumbline Advisers Trims Position in TRI Pointe Group, Inc. (TPH)

Rhumbline Advisers lowered its position in shares of TRI Pointe Group, Inc. (NYSE:TPH) by 2.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 306,961 shares of the construction company’s stock after selling 8,003 shares during the period. Rhumbline Advisers owned about 0.20% of TRI Pointe Group worth $4,239,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Sei Investments Co. grew its position in TRI Pointe Group by 26.4% during the 3rd quarter. Sei Investments Co. now owns 296,514 shares of the construction company’s stock worth $4,094,000 after acquiring an additional 61,983 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in TRI Pointe Group by 5.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 56,137 shares of the construction company’s stock worth $775,000 after buying an additional 3,054 shares during the period. Boston Partners lifted its holdings in TRI Pointe Group by 8.1% during the 3rd quarter. Boston Partners now owns 339,650 shares of the construction company’s stock worth $4,690,000 after buying an additional 25,500 shares during the period. Victory Capital Management Inc. lifted its holdings in TRI Pointe Group by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,064,234 shares of the construction company’s stock worth $28,507,000 after buying an additional 17,714 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in TRI Pointe Group during the 3rd quarter worth about $340,000.

In related news, CFO Michael D. Grubbs sold 300,000 shares of the business’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $15.02, for a total value of $4,506,000.00. Following the completion of the sale, the chief financial officer now directly owns 163,828 shares of the company’s stock, valued at approximately $2,460,696.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael D. Grubbs sold 250,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $17.54, for a total value of $4,385,000.00. Following the completion of the sale, the chief financial officer now directly owns 163,828 shares of the company’s stock, valued at $2,873,543.12. The disclosure for this sale can be found here. Insiders sold a total of 913,459 shares of company stock valued at $15,111,927 over the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

TPH has been the topic of several recent research reports. Gabelli lifted their target price on TRI Pointe Group from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. B. Riley reaffirmed a “buy” rating on shares of TRI Pointe Group in a report on Wednesday, November 1st. FBR & Co reaffirmed a “buy” rating and set a $20.00 target price on shares of TRI Pointe Group in a report on Thursday, October 26th. ValuEngine raised TRI Pointe Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research raised TRI Pointe Group from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $17.00.

Shares of TRI Pointe Group, Inc. (NYSE:TPH) traded down $0.50 during trading on Wednesday, reaching $17.18. The company had a trading volume of 2,503,200 shares, compared to its average volume of 1,932,582. TRI Pointe Group, Inc. has a twelve month low of $11.31 and a twelve month high of $18.44. The company has a market cap of $2,659.65, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 1.18 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 (NYSE:TPH) last issued its earnings results on Wednesday, October 25th. The construction company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. TRI Pointe Group had a return on equity of 9.32% and a net margin of 6.97%. The business had revenue of $717.40 million during the quarter, compared to analyst estimates of $706.65 million. During the same period in the previous year, the company posted $0.22 EPS. The firm’s revenue was up 24.0% compared to the same quarter last year. sell-side analysts predict that TRI Pointe Group, Inc. will post 1.36 earnings per share for the current fiscal year.

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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.

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

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