Principal Financial Group Inc. Has $8.85 Million Holdings in TRI Pointe Group, Inc. (TPH)

Principal Financial Group Inc. decreased its stake in TRI Pointe Group, Inc. (NYSE:TPH) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 640,567 shares of the construction company’s stock after selling 29,316 shares during the quarter. Principal Financial Group Inc. owned 0.42% of TRI Pointe Group worth $8,846,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TPH. Renaissance Technologies LLC acquired a new position in TRI Pointe Group in the first quarter valued at about $1,276,000. LS Investment Advisors LLC lifted its stake in 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. Nisa Investment Advisors LLC lifted its stake in TRI Pointe Group by 1.6% in the second quarter. Nisa Investment Advisors LLC now owns 42,022 shares of the construction company’s stock valued at $548,000 after buying an additional 650 shares during the period. Louisiana State Employees Retirement System lifted its stake in TRI Pointe Group by 3.5% in the second quarter. Louisiana State Employees Retirement System now owns 41,500 shares of the construction company’s stock valued at $547,000 after buying an additional 1,400 shares during the period. Finally, Aperio Group LLC lifted its stake in TRI Pointe Group by 31.8% in the second quarter. Aperio Group LLC now owns 75,464 shares of the construction company’s stock valued at $995,000 after buying an additional 18,228 shares during the period.

Shares of TRI Pointe Group, Inc. (TPH) traded down $0.50 during trading on Wednesday, hitting $17.18. The company’s stock had a trading volume of 2,503,200 shares, compared to its average volume of 1,932,582. TRI Pointe Group, Inc. has a 12 month low of $11.31 and a 12 month high of $18.44. The company has a market capitalization of $2,659.65, a P/E ratio of 16.07, a P/E/G ratio of 1.18 and a beta of 1.74. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.80.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. TRI Pointe Group had a return on equity of 9.32% and a net margin of 6.97%. The company had revenue of $717.40 million during the quarter, compared to the consensus estimate of $706.65 million. During the same period in the prior year, the company earned $0.22 earnings per share. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. equities research analysts expect that TRI Pointe Group, Inc. will post 1.36 EPS for the current fiscal year.

Several equities analysts have weighed in on TPH shares. Zacks Investment Research raised TRI Pointe Group from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a research note on Tuesday, October 24th. Wedbush reissued an “outperform” rating and issued a $16.00 target price (down previously from $18.00) on shares of TRI Pointe Group in a research note on Friday, October 20th. BidaskClub downgraded TRI Pointe Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. BTIG Research upgraded TRI Pointe Group from a “sell” rating to a “neutral” rating and set a $15.00 price target for the company in a report on Thursday, October 26th. Finally, Barclays set a $17.00 price target on TRI Pointe Group and gave the stock a “hold” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. TRI Pointe Group has an average rating of “Hold” and a consensus price target of $17.00.

In related news, VP Bradley William Blank sold 14,725 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $17.54, for a total transaction of $258,276.50. Following the completion of the transaction, the vice president now directly owns 49,070 shares in the company, valued at $860,687.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas F. Bauer sold 42,294 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $17.54, for a total value of $741,836.76. Following the transaction, the chief executive officer now owns 289,313 shares of the company’s stock, valued at $5,074,550.02. The disclosure for this sale can be found here. Insiders sold 913,459 shares of company stock valued at $15,111,927 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

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

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