TRI Pointe Group Inc (NYSE:TPH) Shares Sold by Northern Trust Corp

Northern Trust Corp lowered its position in TRI Pointe Group Inc (NYSE:TPH) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,502,925 shares of the construction company’s stock after selling 133,398 shares during the period. Northern Trust Corp owned approximately 2.46% of TRI Pointe Group worth $38,287,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Investment Counselors of Maryland LLC grew its stake in TRI Pointe Group by 11.2% in the fourth quarter. Investment Counselors of Maryland LLC now owns 1,945,998 shares of the construction company’s stock worth $21,270,000 after purchasing an additional 196,569 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in TRI Pointe Group by 10.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 19,032 shares of the construction company’s stock valued at $209,000 after acquiring an additional 1,834 shares during the period. First Trust Advisors LP boosted its stake in TRI Pointe Group by 20.2% in the fourth quarter. First Trust Advisors LP now owns 216,751 shares of the construction company’s stock valued at $2,369,000 after acquiring an additional 36,407 shares during the period. Canada Pension Plan Investment Board boosted its stake in TRI Pointe Group by 64.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 766,500 shares of the construction company’s stock valued at $8,377,000 after acquiring an additional 301,000 shares during the period. Finally, South Dakota Investment Council boosted its stake in TRI Pointe Group by 27.7% in the fourth quarter. South Dakota Investment Council now owns 494,000 shares of the construction company’s stock valued at $5,399,000 after acquiring an additional 107,300 shares during the period.

TRI Pointe Group stock traded down $0.03 during mid-day trading on Monday, hitting $13.84. The company’s stock had a trading volume of 792,958 shares, compared to its average volume of 1,518,692. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 1.07 and a beta of 1.36. TRI Pointe Group Inc has a twelve month low of $10.37 and a twelve month high of $18.48.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings results on Tuesday, February 26th. The construction company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. TRI Pointe Group had a net margin of 8.28% and a return on equity of 14.15%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business posted $0.70 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. As a group, equities analysts predict that TRI Pointe Group Inc will post 1.29 EPS for the current fiscal year.

A number of research firms have recently weighed in on TPH. Zacks Investment Research cut TRI Pointe Group from a “hold” rating to a “strong sell” rating in a report on Saturday, March 2nd. TheStreet raised TRI Pointe Group from a “c+” rating to a “b-” rating in a report on Monday, February 4th. Evercore ISI cut TRI Pointe Group from an “in-line” rating to an “underperform” rating in a report on Thursday, February 28th. JMP Securities boosted their target price on TRI Pointe Group from $14.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, February 27th. Finally, Wedbush reissued a “neutral” rating and set a $11.00 target price on shares of TRI Pointe Group in a report on Wednesday, February 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $16.56.

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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 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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