Aperio Group LLC increased its stake in TRI Pointe Group, Inc. (NYSE:TPH) by 31.8% during the second quarter, Holdings Channel reports. The institutional investor owned 75,464 shares of the construction company’s stock after buying an additional 18,228 shares during the period. Aperio Group LLC’s holdings in TRI Pointe Group were worth $995,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TPH. Meadow Creek Investment Management LLC raised its stake in shares of TRI Pointe Group by 26.8% in the first quarter. Meadow Creek Investment Management LLC now owns 9,180 shares of the construction company’s stock valued at $115,000 after buying an additional 1,938 shares in the last quarter. 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 in the last quarter. LS Investment Advisors LLC raised its stake in shares of TRI Pointe Group by 33.4% in the second quarter. LS Investment Advisors LLC now owns 13,083 shares of the construction company’s stock valued at $173,000 after buying an additional 3,276 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of TRI Pointe Group during the first quarter valued at $178,000. Finally, Trexquant Investment LP bought a new stake in shares of TRI Pointe Group during the first quarter valued at $178,000. 98.68% of the stock is currently owned by hedge funds and other institutional investors.

TRI Pointe Group, Inc. (NYSE:TPH) traded down 1.569% on Thursday, hitting $13.485. The stock had a trading volume of 384,348 shares. The firm has a market cap of $2.04 billion, a P/E ratio of 16.015 and a beta of 1.66. TRI Pointe Group, Inc. has a 1-year low of $10.35 and a 1-year high of $14.21. The firm’s 50-day moving average price is $13.58 and its 200-day moving average price is $12.72.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $568.80 million during the quarter, compared to the consensus estimate of $563.72 million. During the same quarter in the previous year, the company posted $0.46 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that TRI Pointe Group, Inc. will post $1.35 earnings per share for the current year.

TRI Pointe Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, July 26th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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Several equities research analysts have weighed in on TPH shares. TheStreet raised TRI Pointe Group from a “c” rating to a “b-” rating in a research report on Monday, July 10th. Zacks Investment Research raised TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Thursday, August 3rd. BidaskClub raised TRI Pointe Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Barclays PLC cut TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 price target for the company. in a research note on Tuesday, July 11th. Finally, ValuEngine cut TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.13.

About TRI Pointe Group

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

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