Deutsche Bank AG lifted its holdings in TRI Pointe Group Inc (NYSE:TPH) by 374.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,004,693 shares of the construction company’s stock after purchasing an additional 1,582,141 shares during the period. Deutsche Bank AG owned about 1.33% of TRI Pointe Group worth $35,922,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Jefferies Group LLC acquired a new stake in TRI Pointe Group in the 4th quarter worth about $237,000. Virtu Financial LLC acquired a new stake in TRI Pointe Group in the 3rd quarter worth about $197,000. Acadian Asset Management LLC acquired a new stake in TRI Pointe Group in the 4th quarter worth about $337,000. LS Investment Advisors LLC boosted its holdings in TRI Pointe Group by 65.5% in the 4th quarter. LS Investment Advisors LLC now owns 20,017 shares of the construction company’s stock worth $359,000 after buying an additional 7,923 shares during the last quarter. Finally, ING Groep NV boosted its holdings in shares of TRI Pointe Group by 22.5% during the 4th quarter. ING Groep NV now owns 22,699 shares of the construction company’s stock worth $407,000 after purchasing an additional 4,164 shares during the last quarter.
In related news, insider Thomas J. Mitchell sold 150,822 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $18.83, for a total value of $2,839,978.26. Following the transaction, the insider now directly owns 274,312 shares in the company, valued at $5,165,294.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas F. Bauer sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $1,353,000.00. Following the completion of the transaction, the chief executive officer now owns 289,313 shares in the company, valued at $5,219,206.52. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
TPH has been the topic of several recent research reports. Zacks Investment Research cut TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Wedbush boosted their target price on TRI Pointe Group from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, December 29th. Barclays upgraded TRI Pointe Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $17.00 to $21.00 in a report on Friday, January 5th. Finally, ValuEngine upgraded TRI Pointe Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.88.
TRI Pointe Group Inc (TPH) opened at $16.56 on Friday. The firm has a market capitalization of $2,452.67, a P/E ratio of 13.46, a PEG ratio of 0.82 and a beta of 1.56. TRI Pointe Group Inc has a twelve month low of $12.01 and a twelve month high of $19.55. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76.
TRI Pointe Group (NYSE:TPH) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. TRI Pointe Group had a return on equity of 11.89% and a net margin of 6.66%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the firm posted $0.36 earnings per share. The firm’s quarterly revenue was up 45.7% on a year-over-year basis. research analysts predict that TRI Pointe Group Inc will post 1.8 earnings per share for the current year.
TRI Pointe Group declared that its board has approved a share repurchase plan on Tuesday, February 20th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
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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.
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