Thomas J. Mitchell Sells 150,822 Shares of TRI Pointe Group Inc (TPH) Stock

TRI Pointe Group Inc (NYSE:TPH) insider Thomas J. Mitchell sold 150,822 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $18.83, for a total transaction of $2,839,978.26. Following the completion of the sale, the insider now owns 274,312 shares of the company’s stock, valued at approximately $5,165,294.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of TRI Pointe Group Inc (TPH) opened at $19.42 on Friday. TRI Pointe Group Inc has a 1-year low of $11.31 and a 1-year high of $19.55. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.80. The stock has a market cap of $2,920.00, a PE ratio of 17.65, a P/E/G ratio of 1.07 and a beta of 1.74.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The business had revenue of $717.40 million during the quarter, compared to the consensus estimate of $706.65 million. During the same quarter last year, the company posted $0.22 earnings per share. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. analysts forecast that TRI Pointe Group Inc will post 1.37 EPS for the current fiscal year.

Several analysts have recently commented on TPH shares. Zacks Investment Research upgraded shares of TRI Pointe Group from a “sell” rating to a “hold” rating and set a $19.00 target price for the company in a report on Tuesday, October 24th. Wedbush reiterated an “outperform” rating and issued a $16.00 target price (down previously from $18.00) on shares of TRI Pointe Group in a report on Friday, October 20th. BTIG Research upgraded shares of TRI Pointe Group from a “sell” rating to a “neutral” rating and set a $15.00 target price for the company in a report on Thursday, October 26th. Barclays set a $17.00 target price on shares of TRI Pointe Group and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, ValuEngine upgraded shares of TRI Pointe Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.11.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in TRI Pointe Group by 29.9% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,559 shares of the construction company’s stock worth $560,000 after buying an additional 9,324 shares during the last quarter. Voya Investment Management LLC increased its holdings in TRI Pointe Group by 10.6% during the second quarter. Voya Investment Management LLC now owns 64,776 shares of the construction company’s stock worth $854,000 after buying an additional 6,212 shares during the last quarter. Aperio Group LLC increased its stake in shares of TRI Pointe Group by 9.1% in the third quarter. Aperio Group LLC now owns 82,298 shares of the construction company’s stock worth $1,137,000 after purchasing an additional 6,834 shares in the last quarter. Legal & General Group Plc increased its stake in shares of TRI Pointe Group by 6.3% in the third quarter. Legal & General Group Plc now owns 128,793 shares of the construction company’s stock worth $1,778,000 after purchasing an additional 7,645 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of TRI Pointe Group by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 1,171,757 shares of the construction company’s stock worth $15,784,000 after purchasing an additional 56,400 shares in the last quarter.

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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.

Insider Buying and Selling by Quarter for TRI Pointe Group (NYSE:TPH)

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