BlackRock Inc. lessened its holdings in TRI Pointe Group Inc (NYSE:TPH) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,800,681 shares of the construction company’s stock after selling 213,772 shares during the quarter. BlackRock Inc. owned 12.37% of TRI Pointe Group worth $307,579,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Point72 Asia Hong Kong Ltd increased its position in shares of TRI Pointe Group by 1,809.4% in the first 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% in the first quarter. PNC Financial Services Group Inc. now owns 7,504 shares of the construction company’s stock valued at $123,000 after acquiring an additional 3,909 shares during the period. Eqis Capital Management Inc. purchased a new position in shares of TRI Pointe Group in the second quarter valued at about $197,000. Fox Run Management L.L.C. purchased a new position in shares of TRI Pointe Group in the second quarter valued at about $208,000. Finally, LPL Financial LLC purchased a new position in shares of TRI Pointe Group in the first quarter valued at about $209,000.
Shares of NYSE TPH opened at $14.39 on Friday. TRI Pointe Group Inc has a 1 year low of $12.77 and a 1 year high of $19.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market cap of $2.18 billion, a P/E ratio of 10.13, a P/E/G ratio of 0.70 and a beta of 1.49.
TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings results on Friday, July 27th. The construction company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. TRI Pointe Group had a net margin of 7.90% and a return on equity of 14.73%. The company had revenue of $768.80 million for the quarter, compared to analysts’ expectations of $728.61 million. During the same quarter in the previous year, the company earned $0.21 earnings per share. TRI Pointe Group’s quarterly revenue was up 35.2% on a year-over-year basis. equities analysts predict that TRI Pointe Group Inc will post 1.84 EPS for the current fiscal year.
A number of research firms have issued reports on TPH. Zelman & Associates cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 14th. Wedbush restated an “outperform” rating on shares of TRI Pointe Group in a research report on Friday, July 20th. ValuEngine cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Royal Bank of Canada began coverage on shares of TRI Pointe Group in a research report on Wednesday, June 27th. They issued a “sector perform” rating on the stock. Finally, B. Riley decreased their price objective on shares of TRI Pointe Group from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, July 30th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $18.77.
TRI Pointe Group Company 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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