TRI Pointe Group, Inc. (NYSE:TPH) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its stake in shares of TRI Pointe Group, Inc. (NYSE:TPH) by 82.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,396 shares of the construction company’s stock after selling 173,526 shares during the period. Russell Investments Group Ltd.’s holdings in TRI Pointe Group were worth $456,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TPH. Guggenheim Capital LLC increased its position in TRI Pointe Group by 1,517.5% in the fourth quarter. Guggenheim Capital LLC now owns 429,942 shares of the construction company’s stock valued at $4,936,000 after buying an additional 403,362 shares during the last quarter. Nationwide Fund Advisors increased its position in TRI Pointe Group by 2.3% in the first quarter. Nationwide Fund Advisors now owns 375,995 shares of the construction company’s stock valued at $4,715,000 after buying an additional 8,417 shares during the last quarter. Norges Bank purchased a new position in TRI Pointe Group during the fourth quarter valued at $3,253,000. Retirement Systems of Alabama increased its position in TRI Pointe Group by 13.7% in the first quarter. Retirement Systems of Alabama now owns 213,875 shares of the construction company’s stock valued at $2,682,000 after buying an additional 25,779 shares during the last quarter. Finally, Lincoln Capital Corp purchased a new position in TRI Pointe Group during the fourth quarter valued at $2,077,000.

TRI Pointe Group, Inc. (TPH) opened at 13.66 on Tuesday. TRI Pointe Group, Inc. has a 1-year low of $10.35 and a 1-year high of $14.20. The firm has a market capitalization of $2.17 billion, a P/E ratio of 12.61 and a beta of 1.65. The company has a 50-day moving average price of $12.57 and a 200-day moving average price of $12.34.

TRI Pointe Group (NYSE:TPH) last released its earnings results on Wednesday, April 26th. The construction company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.03. The firm had revenue of $392 million for the quarter, compared to analyst estimates of $364.07 million. TRI Pointe Group had a return on equity of 9.60% and a net margin of 7.38%. The firm’s revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 EPS. On average, equities research analysts predict that TRI Pointe Group, Inc. will post $1.30 earnings per share for the current fiscal year.

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Several equities analysts recently weighed in on TPH shares. Wedbush reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of TRI Pointe Group in a research note on Sunday, April 2nd. Zacks Investment Research upgraded TRI Pointe Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. BidaskClub cut TRI Pointe Group from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. ValuEngine lowered TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Barclays PLC lowered TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 target price on the stock. in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $14.38.

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.

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

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