TRI Pointe Group Inc (NYSE:TPH) Stake Lowered by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC reduced its position in shares of TRI Pointe Group Inc (NYSE:TPH) by 6.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,204 shares of the construction company’s stock after selling 1,677 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in TRI Pointe Group were worth $319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TPH. Norges Bank purchased a new position in shares of TRI Pointe Group during the 4th quarter valued at $17,789,000. LSV Asset Management grew its position in shares of TRI Pointe Group by 119.6% during the 4th quarter. LSV Asset Management now owns 1,254,400 shares of the construction company’s stock valued at $13,710,000 after purchasing an additional 683,100 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of TRI Pointe Group by 928.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 618,889 shares of the construction company’s stock valued at $57,000 after purchasing an additional 558,711 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of TRI Pointe Group by 64.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 766,500 shares of the construction company’s stock valued at $8,377,000 after purchasing an additional 301,000 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of TRI Pointe Group during the 4th quarter valued at $2,858,000.

Shares of NYSE TPH traded up $0.12 during mid-day trading on Wednesday, reaching $12.70. 13,832 shares of the company were exchanged, compared to its average volume of 1,506,009. TRI Pointe Group Inc has a 52 week low of $10.37 and a 52 week high of $18.48. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market capitalization of $1.80 billion, a P/E ratio of 6.64, a P/E/G ratio of 0.99 and a beta of 1.33.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings data on Thursday, April 25th. The construction company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. TRI Pointe Group had a net margin of 7.16% and a return on equity of 11.87%. The company had revenue of $492.70 million during the quarter, compared to the consensus estimate of $467.11 million. During the same period in the previous year, the firm posted $0.28 EPS. The firm’s revenue was down 15.4% compared to the same quarter last year. As a group, analysts forecast that TRI Pointe Group Inc will post 1.27 EPS for the current fiscal year.

A number of research firms have recently commented on TPH. JMP Securities boosted their price target on shares of TRI Pointe Group from $14.00 to $15.00 and gave the company a “market outperform” rating in a research report on Wednesday, February 27th. Wedbush restated a “neutral” rating and set a $11.00 price target on shares of TRI Pointe Group in a research report on Wednesday, February 27th. Susquehanna Bancshares restated a “neutral” rating and set a $14.00 price target (down from $16.00) on shares of TRI Pointe Group in a research report on Wednesday, April 17th. Zacks Investment Research upgraded shares of TRI Pointe Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Evercore ISI lowered shares of TRI Pointe Group from an “in-line” rating to an “underperform” rating in a research report on Thursday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $15.38.

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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 6 brands across 10 states, including Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, 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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