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.
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.
TRADEMARK VIOLATION NOTICE: “Thomas J. Mitchell Sells 150,822 Shares of TRI Pointe Group Inc (TPH) Stock” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.chaffeybreeze.com/2018/01/06/thomas-j-mitchell-sells-150822-shares-of-tri-pointe-group-inc-tph-stock.html.
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.
Receive News & Ratings for TRI Pointe Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRI Pointe Group and related companies with MarketBeat.com's FREE daily email newsletter.