Nisa Investment Advisors LLC Has $548,000 Stake in TRI Pointe Group, Inc. (NYSE:TPH)

Nisa Investment Advisors LLC raised its stake in TRI Pointe Group, Inc. (NYSE:TPH) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,022 shares of the construction company’s stock after buying an additional 650 shares during the period. Nisa Investment Advisors LLC’s holdings in TRI Pointe Group were worth $548,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Greenhaven Associates Inc. raised its position in shares of TRI Pointe Group by 0.4% in the first quarter. Greenhaven Associates Inc. now owns 5,179,606 shares of the construction company’s stock valued at $64,952,000 after buying an additional 21,799 shares during the last quarter. First Mercantile Trust Co. purchased a new position in TRI Pointe Group during the first quarter valued at approximately $229,000. Howard Hughes Medical Institute raised its position in 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 in the last quarter. Nationwide Fund Advisors raised its position in TRI Pointe Group by 2.3% in the first quarter. Nationwide Fund Advisors now owns 375,995 shares of the construction company’s stock valued at $4,715,000 after buying an additional 8,417 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in TRI Pointe Group by 13.7% in the first quarter. Retirement Systems of Alabama now owns 213,875 shares of the construction company’s stock valued at $2,682,000 after buying an additional 25,779 shares in the last quarter. Institutional investors own 98.68% of the company’s stock.

Shares of TRI Pointe Group, Inc. (NYSE:TPH) traded down 1.549% during mid-day trading on Thursday, hitting $13.665. The stock had a trading volume of 466,494 shares. The company’s 50 day moving average price is $13.42 and its 200 day moving average price is $12.67. The stock has a market cap of $2.07 billion, a P/E ratio of 16.229 and a beta of 1.66. TRI Pointe Group, Inc. has a 12-month low of $10.35 and a 12-month high of $14.21.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. TRI Pointe Group had a net margin of 5.77% and a return on equity of 7.32%. The firm had revenue of $568.80 million during the quarter, compared to analysts’ expectations of $563.72 million. During the same period in the prior year, the company earned $0.46 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. Equities research analysts predict 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 authorized a share repurchase program on Wednesday, July 26th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

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Several research analysts have recently commented on the company. Zacks Investment Research upgraded TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Thursday, August 3rd. TheStreet upgraded TRI Pointe Group from a “c” rating to a “b-” rating in a research report on Monday, July 10th. BidaskClub lowered TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Citigroup Inc. lowered TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 price target for the company. in a research report on Thursday, July 27th. Finally, Barclays PLC lowered 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 report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. TRI Pointe Group presently has a consensus rating of “Hold” and an average 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.

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

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