Motley Fool Asset Management LLC Increases Position in TRI Pointe Group Inc (TPH)

Motley Fool Asset Management LLC boosted its position in TRI Pointe Group Inc (NYSE:TPH) by 20.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 120,000 shares of the construction company’s stock after acquiring an additional 20,000 shares during the period. Motley Fool Asset Management LLC owned 0.08% of TRI Pointe Group worth $1,963,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd raised its stake in TRI Pointe Group by 1,809.4% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 7,141 shares of the construction company’s stock valued at $117,000 after acquiring an additional 6,767 shares during the period. PNC Financial Services Group Inc. increased its position in shares of TRI Pointe Group by 108.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,504 shares of the construction company’s stock valued at $123,000 after buying an additional 3,909 shares during the period. KCS Wealth Advisory bought a new stake in shares of TRI Pointe Group during the first quarter valued at about $182,000. Eqis Capital Management Inc. bought a new stake in shares of TRI Pointe Group during the second quarter valued at about $197,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of TRI Pointe Group during the second quarter valued at about $208,000.

In other news, CEO Douglas F. Bauer sold 71,582 shares of the business’s stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $17.68, for a total transaction of $1,265,569.76. Following the completion of the transaction, the chief executive officer now owns 168,479 shares of the company’s stock, valued at $2,978,708.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by insiders.

Shares of NYSE TPH opened at $14.52 on Monday. TRI Pointe Group Inc has a 12 month low of $12.28 and a 12 month high of $19.55. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.72. The stock has a market cap of $2.21 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 0.71 and a beta of 1.51.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings data on Friday, July 27th. The construction company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.06. TRI Pointe Group had a return on equity of 14.73% and a net margin of 7.90%. The company had revenue of $768.80 million during the quarter, compared to analyst estimates of $728.61 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. TRI Pointe Group’s revenue was up 35.2% on a year-over-year basis. sell-side analysts anticipate that TRI Pointe Group Inc will post 1.84 EPS for the current year.

Several brokerages have recently weighed in on TPH. ValuEngine upgraded TRI Pointe Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Deutsche Bank decreased their price target on TRI Pointe Group from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Tuesday, July 31st. Citigroup decreased their price target on TRI Pointe Group from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, July 30th. Susquehanna Bancshares set a $21.00 price target on TRI Pointe Group and gave the company a “buy” rating in a research report on Monday, July 30th. Finally, Wells Fargo & Co decreased their price target on TRI Pointe Group from $20.00 to $16.00 and set a “market perform” rating on the stock in a research report on Monday, July 30th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $18.77.

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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