Eqis Capital Management Inc. bought a new position in TRI Pointe Group, Inc. (NYSE:TPH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,278 shares of the construction company’s stock, valued at approximately $267,000.

A number of other institutional investors also recently made changes to their positions in TPH. Amalgamated Bank raised its stake in shares of TRI Pointe Group by 0.5% in the first quarter. Amalgamated Bank now owns 20,926 shares of the construction company’s stock valued at $262,000 after buying an additional 101 shares during the period. Howard Hughes Medical Institute raised its stake in shares of TRI Pointe Group by 1.7% in the first quarter. Howard Hughes Medical Institute now owns 15,208 shares of the construction company’s stock valued at $191,000 after buying an additional 261 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of TRI Pointe Group by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 50,670 shares of the construction company’s stock valued at $635,000 after buying an additional 700 shares during the period. 1st Global Advisors Inc. raised its stake in shares of TRI Pointe Group by 9.8% in the first quarter. 1st Global Advisors Inc. now owns 11,008 shares of the construction company’s stock valued at $138,000 after buying an additional 984 shares during the period. Finally, First Interstate Bank raised its stake in shares of TRI Pointe Group by 9.3% in the first quarter. First Interstate Bank now owns 16,900 shares of the construction company’s stock valued at $212,000 after buying an additional 1,445 shares during the period. 98.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of TRI Pointe Group, Inc. (NYSE:TPH) traded up 0.44% during trading on Monday, hitting $13.68. 1,229,924 shares of the stock traded hands. The company has a 50-day moving average of $13.23 and a 200-day moving average of $12.61. TRI Pointe Group, Inc. has a 52 week low of $10.35 and a 52 week high of $14.21. The firm has a market cap of $2.07 billion, a P/E ratio of 16.25 and a beta of 1.66.

TRI Pointe Group (NYSE:TPH) last posted its earnings results on Wednesday, July 26th. The construction company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. TRI Pointe Group had a return on equity of 7.32% and a net margin of 5.77%. The business had revenue of $568.80 million during the quarter, compared to analyst estimates of $563.72 million. During the same quarter last year, the company earned $0.46 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that TRI Pointe Group, Inc. will post $1.35 EPS for the current fiscal year.

TRI Pointe Group announced that its Board of Directors has approved a stock buyback program on Wednesday, July 26th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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Several equities research analysts have recently commented on TPH shares. Zacks Investment Research downgraded shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. ValuEngine downgraded shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Barclays PLC downgraded shares of 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. Finally, TheStreet upgraded shares of TRI Pointe Group from a “c” rating to a “b-” rating in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $14.13.

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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