Signet Financial Management LLC reduced its holdings in TRI Pointe Group Inc (NYSE:TPH) by 12.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,378 shares of the construction company’s stock after selling 28,161 shares during the period. Signet Financial Management LLC owned about 0.14% of TRI Pointe Group worth $2,696,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in TPH. H2O AM LLP boosted its holdings in TRI Pointe Group by 15.8% in the second quarter. H2O AM LLP now owns 218,434 shares of the construction company’s stock valued at $2,621,000 after purchasing an additional 29,742 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in shares of TRI Pointe Group by 2.2% during the 2nd quarter. Pictet Asset Management Ltd. now owns 819,501 shares of the construction company’s stock valued at $9,809,000 after buying an additional 17,384 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of TRI Pointe Group by 0.9% in the 2nd quarter. Northern Trust Corp now owns 3,570,226 shares of the construction company’s stock valued at $42,736,000 after buying an additional 33,161 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of TRI Pointe Group by 12.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,581 shares of the construction company’s stock valued at $115,000 after buying an additional 1,023 shares during the period. Finally, GAM Holding AG purchased a new stake in shares of TRI Pointe Group in the second quarter worth about $138,000.
Several research firms recently commented on TPH. TheStreet lowered TRI Pointe Group from a “b-” rating to a “c+” rating in a report on Monday, July 15th. Zacks Investment Research lowered TRI Pointe Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Finally, ValuEngine raised shares of TRI Pointe Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. TRI Pointe Group has an average rating of “Hold” and an average price target of $13.60.
Shares of TRI Pointe Group stock traded up $0.40 on Wednesday, reaching $14.64. The company’s stock had a trading volume of 67,228 shares, compared to its average volume of 1,052,114. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $2.04 billion, a P/E ratio of 7.71, a PEG ratio of 1.01 and a beta of 1.16. The stock has a 50-day moving average price of $13.70 and a 200-day moving average price of $13.09. TRI Pointe Group Inc has a 52-week low of $10.37 and a 52-week high of $14.44.
TRI Pointe Group (NYSE:TPH) last announced its earnings results on Thursday, July 25th. The construction company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. TRI Pointe Group had a return on equity of 9.96% and a net margin of 6.12%. The firm had revenue of $692.10 million for the quarter, compared to analyst estimates of $635.33 million. During the same quarter last year, the firm posted $0.42 EPS. The business’s revenue was down 10.0% on a year-over-year basis. Sell-side analysts forecast that TRI Pointe Group Inc will post 1.25 earnings per share for the current fiscal year.
About TRI Pointe Group
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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