Investment Counselors of Maryland LLC Boosts Position in TRI Pointe Group Inc (TPH)

Investment Counselors of Maryland LLC increased its holdings in shares of TRI Pointe Group Inc (NYSE:TPH) by 7.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,749,429 shares of the construction company’s stock after purchasing an additional 128,281 shares during the quarter. Investment Counselors of Maryland LLC’s holdings in TRI Pointe Group were worth $21,693,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC bought a new position in shares of TRI Pointe Group during the 1st quarter worth approximately $209,000. Legal & General Group Plc grew its stake in shares of TRI Pointe Group by 11.6% during the 1st quarter. Legal & General Group Plc now owns 149,170 shares of the construction company’s stock worth $2,451,000 after acquiring an additional 15,545 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in shares of TRI Pointe Group by 64.5% during the 1st quarter. Xact Kapitalforvaltning AB now owns 22,955 shares of the construction company’s stock worth $377,000 after acquiring an additional 9,000 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of TRI Pointe Group by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 662,403 shares of the construction company’s stock worth $10,883,000 after acquiring an additional 17,023 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of TRI Pointe Group by 0.6% during the 2nd quarter. Fisher Asset Management LLC now owns 895,981 shares of the construction company’s stock worth $14,658,000 after acquiring an additional 5,206 shares in the last quarter.

TPH has been the subject of several research reports. ValuEngine cut shares of TRI Pointe Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Evercore ISI cut shares of TRI Pointe Group from an “in-line” rating to an “underperform” rating in a research note on Monday, October 1st. Wedbush cut shares of TRI Pointe Group from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $18.00 to $13.00 in a research note on Thursday, September 20th. JMP Securities set a $16.00 target price on shares of TRI Pointe Group and gave the company a “hold” rating in a research note on Thursday, October 11th. Finally, Zacks Investment Research cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $16.90.

NYSE:TPH opened at $12.95 on Wednesday. TRI Pointe Group Inc has a 1-year low of $10.55 and a 1-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 firm has a market capitalization of $1.79 billion, a P/E ratio of 9.12, a PEG ratio of 0.71 and a beta of 1.36.

TRI Pointe Group (NYSE:TPH) last released its earnings results on Wednesday, October 24th. The construction company reported $0.43 earnings per share for the quarter, beating the 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 business had revenue of $771.80 million during the quarter, compared to analysts’ expectations of $768.01 million. During the same period last year, the business earned $0.48 earnings per share. The firm’s revenue was up 19.0% on a year-over-year basis. As a group, sell-side analysts anticipate that TRI Pointe Group Inc will post 1.78 EPS for the current year.

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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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