Retirement Systems of Alabama lowered its holdings in TRI Pointe Group, Inc. (NYSE:TPH) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,270 shares of the construction company’s stock after selling 9,780 shares during the quarter. Retirement Systems of Alabama owned 0.13% of TRI Pointe Group worth $2,697,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TPH. First Mercantile Trust Co. grew its stake in TRI Pointe Group by 3.4% during the second quarter. First Mercantile Trust Co. now owns 18,855 shares of the construction company’s stock worth $249,000 after buying an additional 625 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of TRI Pointe Group by 1.6% during the second quarter. Nisa Investment Advisors LLC now owns 42,022 shares of the construction company’s stock valued at $548,000 after purchasing an additional 650 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of TRI Pointe Group by 0.8% during the second quarter. UBS Asset Management Americas Inc. now owns 86,501 shares of the construction company’s stock valued at $1,141,000 after purchasing an additional 704 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of TRI Pointe Group by 6.0% during the second quarter. Teacher Retirement System of Texas now owns 12,729 shares of the construction company’s stock valued at $168,000 after purchasing an additional 725 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of TRI Pointe Group by 0.4% during the second quarter. Alliancebernstein L.P. now owns 216,508 shares of the construction company’s stock valued at $2,856,000 after purchasing an additional 788 shares during the last quarter.

Shares of TRI Pointe Group, Inc. (NYSE TPH) traded up $0.22 during midday trading on Friday, reaching $18.15. 194,078 shares of the company traded hands, compared to its average volume of 1,936,912. TRI Pointe Group, Inc. has a fifty-two week low of $11.31 and a fifty-two week high of $18.09. The firm has a market capitalization of $2,697.25, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.20 and a beta of 1.75. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.43 and a quick ratio of 0.43.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The business had revenue of $717.40 million for the quarter, compared to analyst estimates of $706.65 million. During the same period in the prior year, the business posted $0.22 earnings per share. TRI Pointe Group’s revenue was up 24.0% compared to the same quarter last year. equities research analysts anticipate that TRI Pointe Group, Inc. will post 1.36 earnings per share for the current fiscal year.

In other TRI Pointe Group news, CFO Michael D. Grubbs sold 300,000 shares of the stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $15.02, for a total value of $4,506,000.00. Following the sale, the chief financial officer now directly owns 163,828 shares in the company, valued at $2,460,696.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas F. Bauer sold 42,294 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $17.54, for a total transaction of $741,836.76. Following the completion of the sale, the chief executive officer now owns 289,313 shares in the company, valued at $5,074,550.02. The disclosure for this sale can be found here. Insiders sold 913,459 shares of company stock worth $15,111,927 over the last 90 days. 2.20% of the stock is currently owned by company insiders.

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Several research firms have recently commented on TPH. B. Riley reissued a “buy” rating on shares of TRI Pointe Group in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Gabelli increased their price objective on shares of TRI Pointe Group from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, October 26th. JMP Securities increased their price objective on shares of TRI Pointe Group from $16.00 to $18.00 and gave the company a “market outperform” rating in a report on Thursday, October 26th. Finally, Citigroup Inc. lowered shares of TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $17.00.

About TRI Pointe Group

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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