Boston Partners Sells 44,180 Shares of TRI Pointe Group (TPH)

Boston Partners cut its stake in TRI Pointe Group (NYSE:TPH) by 15.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 242,070 shares of the construction company’s stock after selling 44,180 shares during the period. Boston Partners owned about 0.16% of TRI Pointe Group worth $3,977,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Trexquant Investment LP acquired a new position in shares of TRI Pointe Group in the 1st quarter worth approximately $1,896,000. Argent Capital Management LLC raised its holdings in shares of TRI Pointe Group by 47.4% in the 1st quarter. Argent Capital Management LLC now owns 134,310 shares of the construction company’s stock worth $2,207,000 after buying an additional 43,210 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of TRI Pointe Group by 96.7% in the 1st quarter. Wells Fargo & Company MN now owns 247,050 shares of the construction company’s stock worth $4,060,000 after buying an additional 121,457 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of TRI Pointe Group by 8.9% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,035,942 shares of the construction company’s stock worth $17,021,000 after buying an additional 85,000 shares in the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of TRI Pointe Group in the 4th quarter worth approximately $250,000.

In related news, VP Glenn J. Keeler sold 11,030 shares of the firm’s stock in a transaction on Monday, April 30th. The stock was sold at an average price of $17.11, for a total transaction of $188,723.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas F. Bauer sold 28,828 shares of the firm’s stock in a transaction on Friday, April 27th. The shares were sold at an average price of $17.76, for a total value of $511,985.28. Following the sale, the chief executive officer now directly owns 168,479 shares of the company’s stock, valued at $2,992,187.04. The disclosure for this sale can be found here. Insiders have sold a total of 74,386 shares of company stock valued at $1,313,870 over the last ninety days. Insiders own 1.70% of the company’s stock.

A number of equities analysts have recently issued reports on TPH shares. Zacks Investment Research raised TRI Pointe Group from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Saturday, April 28th. ValuEngine cut TRI Pointe Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 9th. Gabelli cut TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Thursday, April 26th. JMP Securities increased their target price on TRI Pointe Group from $20.00 to $21.00 and gave the stock a “market outperform” rating in a report on Friday, April 27th. Finally, Wedbush reissued an “outperform” rating and issued a $21.00 target price on shares of TRI Pointe Group in a report on Wednesday, April 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $19.00.

TPH stock opened at $16.85 on Friday. TRI Pointe Group has a fifty-two week low of $15.84 and a fifty-two week high of $16.20. The firm has a market cap of $2.42 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.75.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Wednesday, April 25th. The construction company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. TRI Pointe Group had a return on equity of 13.55% and a net margin of 7.40%. The firm had revenue of $586.20 million during the quarter, compared to analysts’ expectations of $552.11 million. During the same period last year, the firm posted $0.05 EPS. The business’s revenue was up 49.5% on a year-over-year basis. equities research analysts expect that TRI Pointe Group will post 1.85 EPS for the current fiscal year.

TRI Pointe Group announced that its board has authorized a share buyback plan on Tuesday, February 20th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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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