Louisiana State Employees Retirement System Buys 1,400 Shares of TRI Pointe Group, Inc. (TPH)

Louisiana State Employees Retirement System increased its position in TRI Pointe Group, Inc. (NYSE:TPH) by 3.5% during the second quarter, Holdings Channel reports. The institutional investor owned 41,500 shares of the construction company’s stock after buying an additional 1,400 shares during the period. Louisiana State Employees Retirement System’s holdings in TRI Pointe Group were worth $547,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Meadow Creek Investment Management LLC boosted its position 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 worth $115,000 after buying an additional 1,938 shares in the last quarter. 1st Global Advisors Inc. boosted its position 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 worth $138,000 after buying an additional 984 shares in the last quarter. LS Investment Advisors LLC boosted its position 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 worth $173,000 after buying an additional 3,276 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of TRI Pointe Group during the first quarter worth approximately $178,000. Finally, Trexquant Investment LP bought a new position in shares of TRI Pointe Group during the first quarter worth approximately $178,000. Institutional investors own 98.68% of the company’s stock.

TRI Pointe Group, Inc. (TPH) traded down 1.44% on Thursday, hitting $13.68. The company had a trading volume of 533,765 shares. The firm’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 16.25 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 released its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company 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 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts predict that TRI Pointe Group, Inc. will post $1.35 earnings per share for the current fiscal year.

TRI Pointe Group announced that its board has initiated a share buyback plan on Wednesday, July 26th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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A number of research analysts have commented on TPH shares. TheStreet upgraded TRI Pointe Group from a “c” rating to a “b-” rating in a research note on Monday, July 10th. Zacks Investment Research upgraded TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Thursday, August 3rd. BidaskClub upgraded 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 on the stock. 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target 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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