Stifel Financial Corp Has $4.44 Million Stake in TRI Pointe Group, Inc. (NYSE:TPH)

Stifel Financial Corp cut its holdings in shares of TRI Pointe Group, Inc. (NYSE:TPH) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 341,253 shares of the construction company’s stock after selling 15,766 shares during the period. Stifel Financial Corp owned approximately 0.23% of TRI Pointe Group worth $4,438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TPH. BlackRock Inc. lifted its holdings in TRI Pointe Group by 19,738.7% during the first 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. Omega Advisors Inc. bought a new position in TRI Pointe Group during the first quarter worth about $45,834,000. Wellington Management Group LLP bought a new stake in shares of TRI Pointe Group in the first quarter valued at about $31,284,000. Point72 Asset Management L.P. lifted its holdings in shares of TRI Pointe Group by 292.2% in the first quarter. Point72 Asset Management L.P. now owns 2,696,159 shares of the construction company’s stock valued at $33,810,000 after purchasing an additional 2,008,759 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of TRI Pointe Group by 11.3% in the first quarter. Dimensional Fund Advisors LP now owns 13,364,467 shares of the construction company’s stock valued at $167,592,000 after purchasing an additional 1,359,721 shares in the last quarter.

TPH has been the topic of a number of research reports. TheStreet upgraded TRI Pointe Group from a “c” rating to a “b-” rating in a report on Monday, July 10th. ValuEngine upgraded TRI Pointe Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, July 19th. BidaskClub raised TRI Pointe Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Barclays PLC downgraded TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 target price on the stock. in a research report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. TRI Pointe Group has a consensus rating of “Hold” and a consensus target price of $14.13.

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TRI Pointe Group, Inc. (NYSE:TPH) opened at 14.79 on Wednesday. The firm has a market cap of $2.24 billion, a P/E ratio of 17.57 and a beta of 1.68. The firm’s 50-day moving average price is $13.35 and its 200-day moving average price is $12.99. TRI Pointe Group, Inc. has a 12 month low of $10.35 and a 12 month high of $14.83.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The company had revenue of $568.80 million for the quarter, compared to the consensus estimate of $563.72 million. TRI Pointe Group had a net margin of 5.77% and a return on equity of 7.32%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 earnings per share. On average, equities research analysts expect that TRI Pointe Group, Inc. will post $1.34 EPS for the current fiscal year.

TRI Pointe Group declared that its board has authorized a stock buyback program on Wednesday, July 26th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

TRI Pointe Group 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.

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

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