TRI Pointe Group Inc (NYSE:TPH) Holdings Trimmed by New York State Common Retirement Fund

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New York State Common Retirement Fund lessened its holdings in shares of TRI Pointe Group Inc (NYSE:TPH) by 5.4% in the first quarter, HoldingsChannel reports. The firm owned 140,500 shares of the construction company’s stock after selling 8,000 shares during the period. New York State Common Retirement Fund’s holdings in TRI Pointe Group were worth $1,776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TPH. State of Alaska Department of Revenue acquired a new stake in TRI Pointe Group during the 1st quarter valued at approximately $33,000. Oregon Public Employees Retirement Fund grew its stake in TRI Pointe Group by 928.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 618,889 shares of the construction company’s stock valued at $57,000 after purchasing an additional 558,711 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of TRI Pointe Group by 438.9% in the 1st quarter. Quadrant Capital Group LLC now owns 4,979 shares of the construction company’s stock worth $61,000 after acquiring an additional 4,055 shares in the last quarter. Dupont Capital Management Corp acquired a new position in shares of TRI Pointe Group in the 4th quarter worth approximately $98,000. Finally, Truvestments Capital LLC acquired a new position in shares of TRI Pointe Group in the 1st quarter worth approximately $109,000.

Several research analysts have recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $11.00 target price on shares of TRI Pointe Group in a research report on Monday, April 8th. ValuEngine lowered TRI Pointe Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 1st. Zacks Investment Research upgraded TRI Pointe Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Susquehanna Bancshares reiterated a “neutral” rating and issued a $14.00 target price (down previously from $16.00) on shares of TRI Pointe Group in a research report on Wednesday, April 17th. Finally, JMP Securities lifted their target price on TRI Pointe Group from $14.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Wednesday, February 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $15.38.

Shares of TPH opened at $12.62 on Friday. The company has a market capitalization of $1.79 billion, a PE ratio of 7.68, a PEG ratio of 0.99 and a beta of 1.33. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.69. TRI Pointe Group Inc has a 52 week low of $10.37 and a 52 week high of $17.44.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $492.70 million for the quarter, compared to the consensus estimate of $467.11 million. TRI Pointe Group had a return on equity of 11.87% and a net margin of 7.16%. The business’s revenue was down 15.4% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. Equities analysts expect that TRI Pointe Group Inc will post 1.27 earnings per share for the current year.

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TRI Pointe Group Profile

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

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