Moody Aldrich Partners LLC increased its stake in shares of TRI Pointe Group, Inc. (NYSE:TPH) by 101.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 42,780 shares of the construction company’s stock after buying an additional 21,525 shares during the period. Moody Aldrich Partners LLC’s holdings in TRI Pointe Group were worth $564,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the stock. Meadow Creek Investment Management LLC boosted its position in shares of TRI Pointe Group by 26.8% in the first quarter. Meadow Creek Investment Management LLC now owns 9,180 shares of the construction company’s stock valued at $115,000 after buying an additional 1,938 shares during the period. 1st Global Advisors Inc. boosted its position in shares of TRI Pointe Group by 9.8% in the first quarter. 1st Global Advisors Inc. now owns 11,008 shares of the construction company’s stock valued at $138,000 after buying an additional 984 shares during the period. Cornerstone Financial Partners LLC bought a new position in shares of TRI Pointe Group during the second quarter valued at about $148,000. LS Investment Advisors LLC boosted its position in shares of TRI Pointe Group by 33.4% in the second quarter. LS Investment Advisors LLC now owns 13,083 shares of the construction company’s stock valued at $173,000 after buying an additional 3,276 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of TRI Pointe Group during the first quarter valued at about $178,000. Hedge funds and other institutional investors own 98.68% of the company’s stock.
TRI Pointe Group, Inc. (NYSE:TPH) opened at 13.38 on Friday. The firm has a market cap of $2.12 billion, a PE ratio of 12.35 and a beta of 1.66. The firm’s 50-day moving average price is $13.17 and its 200 day moving average price is $12.57. TRI Pointe Group, Inc. has a 52-week low of $10.35 and a 52-week high of $14.21.
TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The company had revenue of $568.80 million for the quarter, compared to analysts’ expectations of $563.72 million. TRI Pointe Group had a return on equity of 7.32% and a net margin of 5.77%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share. On average, equities analysts anticipate that TRI Pointe Group, Inc. will post $1.34 earnings per share for the current year.
TRI Pointe Group announced that its board has authorized a share buyback plan on Wednesday, July 26th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.
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Several equities analysts recently issued reports on TPH shares. TheStreet upgraded TRI Pointe Group from a “c” rating to a “b-” rating in a research report on Monday, July 10th. BidaskClub upgraded TRI Pointe Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, July 19th. Barclays PLC cut TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 price target on the stock. in a research report on Tuesday, July 11th. Finally, ValuEngine cut TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $14.13.
TRI Pointe Group Company Profile
TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.
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