TRI Pointe Group, Inc. (NYSE:TPH) saw unusually large options trading activity on Tuesday. Investors acquired 1,043 call options on the company. This is an increase of 933% compared to the average daily volume of 101 call options.

In other TRI Pointe Group news, insider Thomas J. Mitchell sold 291,039 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $17.04, for a total value of $4,959,304.56. Following the completion of the transaction, the insider now directly owns 274,312 shares of the company’s stock, valued at $4,674,276.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Michael D. Grubbs sold 300,000 shares of the business’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $15.02, for a total transaction of $4,506,000.00. Following the completion of the transaction, the chief financial officer now directly owns 163,828 shares of the company’s stock, valued at $2,460,696.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 913,459 shares of company stock valued at $15,111,927. Insiders own 2.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in TRI Pointe Group by 3.8% during the second quarter. BlackRock Inc. now owns 19,293,793 shares of the construction company’s stock valued at $254,486,000 after purchasing an additional 709,135 shares during the period. Vanguard Group Inc. grew its holdings in TRI Pointe Group by 1.6% during the second quarter. Vanguard Group Inc. now owns 12,202,998 shares of the construction company’s stock valued at $160,958,000 after purchasing an additional 192,415 shares during the period. State Street Corp grew its holdings in TRI Pointe Group by 9.1% during the second quarter. State Street Corp now owns 6,403,500 shares of the construction company’s stock valued at $84,461,000 after purchasing an additional 536,624 shares during the period. Bank of New York Mellon Corp grew its holdings in TRI Pointe Group by 50.0% during the second quarter. Bank of New York Mellon Corp now owns 3,209,949 shares of the construction company’s stock valued at $42,340,000 after purchasing an additional 1,070,358 shares during the period. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in TRI Pointe Group by 1.2% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,187,528 shares of the construction company’s stock valued at $44,020,000 after purchasing an additional 36,740 shares during the period.

Shares of TRI Pointe Group (NYSE TPH) opened at $17.56 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $2,602.48, a P/E ratio of 15.73, a P/E/G ratio of 1.15 and a beta of 1.74. TRI Pointe Group has a 12 month low of $11.31 and a 12 month high of $18.44.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The business had revenue of $717.40 million during the quarter, compared to the consensus estimate of $706.65 million. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. TRI Pointe Group’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 earnings per share. analysts predict that TRI Pointe Group will post 1.36 EPS for the current year.

A number of equities analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of TRI Pointe Group in a research note on Wednesday, November 1st. BTIG Research raised shares of TRI Pointe Group from a “sell” rating to a “neutral” rating and set a $15.00 target price for the company in a research note on Thursday, October 26th. Zacks Investment Research raised shares of TRI Pointe Group from a “sell” rating to a “hold” rating and set a $19.00 target price for the company in a research note on Tuesday, October 24th. JMP Securities boosted their target price on shares of TRI Pointe Group from $16.00 to $18.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $16.00 target price (down from $18.00) on shares of TRI Pointe Group in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.00.

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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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