Fmr LLC decreased its position in TRI Pointe Group, Inc. (NYSE:TPH) by 95.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,700 shares of the construction company’s stock after selling 1,291,160 shares during the quarter. Fmr LLC’s holdings in TRI Pointe Group were worth $787,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TPH. BlackRock Inc. grew its stake in shares of TRI Pointe Group by 19,738.7% in the 1st quarter. BlackRock Inc. now owns 18,584,658 shares of the construction company’s stock worth $233,053,000 after acquiring an additional 18,490,979 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of TRI Pointe Group by 50.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,209,949 shares of the construction company’s stock worth $42,340,000 after acquiring an additional 1,070,358 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of TRI Pointe Group by 9.5% in the 1st quarter. Vanguard Group Inc. now owns 12,010,583 shares of the construction company’s stock worth $150,613,000 after acquiring an additional 1,041,363 shares in the last quarter. Fisher Asset Management LLC bought a new stake in shares of TRI Pointe Group in the 2nd quarter worth $11,238,000. Finally, Teachers Advisors LLC grew its stake in shares of TRI Pointe Group by 286.4% in the 2nd quarter. Teachers Advisors LLC now owns 1,008,772 shares of the construction company’s stock worth $13,306,000 after acquiring an additional 747,688 shares in the last quarter.

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TPH has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, July 19th. Gabelli upped their target price on shares of TRI Pointe Group from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. ValuEngine upgraded shares of TRI Pointe Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. FBR & Co reiterated a “buy” rating and issued a $20.00 target price on shares of TRI Pointe Group in a research note on Thursday, October 26th. Finally, B. Riley reiterated a “buy” rating on shares of TRI Pointe Group in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $16.70.

In other TRI Pointe Group news, CFO Michael D. Grubbs sold 300,000 shares of the company’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $15.02, for a total transaction of $4,506,000.00. Following the sale, the chief financial officer now directly owns 163,828 shares of the company’s stock, valued at $2,460,696.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Glenn J. Keeler sold 15,401 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $16.98, for a total transaction of $261,508.98. Following the sale, the vice president now directly owns 36,399 shares in the company, valued at $618,055.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 913,459 shares of company stock worth $15,111,927. Insiders own 9.40% of the company’s stock.

TRI Pointe Group, Inc. (TPH) opened at $17.61 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.80. The firm has a market cap of $2,647.61, a PE ratio of 16.00, a P/E/G ratio of 1.18 and a beta of 1.75. TRI Pointe Group, Inc. has a fifty-two week low of $11.11 and a fifty-two week high of $17.84.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The company had revenue of $717.40 million for the quarter, compared to the consensus estimate of $706.65 million. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. analysts predict that TRI Pointe Group, Inc. will post 1.36 earnings per share for the current fiscal year.

TRI Pointe Group announced that its board has approved a stock buyback plan on Wednesday, July 26th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

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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