Signet Financial Management LLC Reduces Stock Position in TRI Pointe Group Inc (NYSE:TPH)

Signet Financial Management LLC lessened its position in TRI Pointe Group Inc (NYSE:TPH) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 174,684 shares of the construction company’s stock after selling 11,840 shares during the period. Signet Financial Management LLC’s holdings in TRI Pointe Group were worth $2,722,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC grew its stake in shares of TRI Pointe Group by 1,165.9% in the third quarter. Millennium Management LLC now owns 1,709,833 shares of the construction company’s stock worth $25,715,000 after purchasing an additional 1,574,763 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of TRI Pointe Group in the 2nd quarter worth approximately $7,178,000. D. E. Shaw & Co. Inc. bought a new position in TRI Pointe Group during the 2nd quarter valued at approximately $5,104,000. Morgan Stanley increased its position in TRI Pointe Group by 141.4% during the 2nd quarter. Morgan Stanley now owns 718,428 shares of the construction company’s stock valued at $8,599,000 after buying an additional 420,782 shares in the last quarter. Finally, Man Group plc raised its stake in TRI Pointe Group by 105.4% during the third quarter. Man Group plc now owns 515,347 shares of the construction company’s stock valued at $7,751,000 after buying an additional 264,388 shares during the last quarter.

Shares of TPH traded down $0.27 during trading hours on Friday, reaching $16.37. 86,518 shares of the stock traded hands, compared to its average volume of 1,153,115. The company has a market cap of $2.33 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 1.02 and a beta of 1.09. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $15.79 and its two-hundred day moving average price is $14.75. TRI Pointe Group Inc has a 52-week low of $11.30 and a 52-week high of $16.83.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.08. The business had revenue of $746.27 million during the quarter, compared to analyst estimates of $687.49 million. TRI Pointe Group had a return on equity of 9.72% and a net margin of 6.14%. TRI Pointe Group’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. On average, research analysts forecast that TRI Pointe Group Inc will post 1.32 EPS for the current year.

TPH has been the topic of a number of recent research reports. B. Riley set a $18.00 target price on TRI Pointe Group and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Royal Bank of Canada reiterated a “buy” rating and set a $18.00 price target on shares of TRI Pointe Group in a report on Wednesday, December 18th. ValuEngine downgraded shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. JMP Securities cut TRI Pointe Group from an “outperform” rating to a “market perform” rating in a research report on Friday, November 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded TRI Pointe Group from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. TRI Pointe Group presently has a consensus rating of “Hold” and an average target price of $15.50.

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 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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