Texas Permanent School Fund Sells 2,608 Shares of TRI Pointe Group Inc (TPH)

Texas Permanent School Fund lessened its holdings in TRI Pointe Group Inc (NYSE:TPH) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,055 shares of the construction company’s stock after selling 2,608 shares during the period. Texas Permanent School Fund owned approximately 0.07% of TRI Pointe Group worth $1,017,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in TRI Pointe Group by 2.8% in the third quarter. Vanguard Group Inc. now owns 13,513,331 shares of the construction company’s stock worth $167,564,000 after purchasing an additional 362,468 shares in the last quarter. Vanguard Group Inc raised its position in TRI Pointe Group by 2.8% in the third quarter. Vanguard Group Inc now owns 13,513,331 shares of the construction company’s stock worth $167,564,000 after purchasing an additional 362,468 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in TRI Pointe Group by 97.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,277,661 shares of the construction company’s stock worth $53,043,000 after purchasing an additional 2,106,474 shares in the last quarter. JPMorgan Chase & Co. raised its position in TRI Pointe Group by 38.7% in the third quarter. JPMorgan Chase & Co. now owns 3,358,355 shares of the construction company’s stock worth $41,643,000 after purchasing an additional 936,226 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in TRI Pointe Group by 4.4% in the third quarter. Bank of New York Mellon Corp now owns 2,840,300 shares of the construction company’s stock worth $35,221,000 after purchasing an additional 120,053 shares in the last quarter.

Shares of TRI Pointe Group stock opened at $12.80 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.69. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 1.01 and a beta of 1.37. TRI Pointe Group Inc has a 1-year low of $10.37 and a 1-year high of $18.48.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings data on Tuesday, February 26th. The construction company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. TRI Pointe Group had a net margin of 8.28% and a return on equity of 14.15%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share. As a group, equities analysts anticipate that TRI Pointe Group Inc will post 1.29 EPS for the current year.

TPH has been the subject of several recent research reports. TheStreet raised shares of TRI Pointe Group from a “c+” rating to a “b-” rating in a research report on Monday, February 4th. Zacks Investment Research raised shares of TRI Pointe Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 23rd. JMP Securities increased their price target on shares of TRI Pointe Group from $14.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Wednesday, February 27th. Wedbush reissued a “neutral” rating and issued a $11.00 price target on shares of TRI Pointe Group in a research report on Wednesday, February 27th. Finally, ValuEngine raised shares of TRI Pointe Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 21st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.56.

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

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