TD Asset Management Inc. increased its holdings in TRI Pointe Group, Inc. (NYSE:TPH) by 64.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,994 shares of the construction company’s stock after purchasing an additional 44,000 shares during the quarter. TD Asset Management Inc. owned 0.07% of TRI Pointe Group worth $1,547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of 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 acquiring an additional 1,070,358 shares during the period. Teachers Advisors LLC raised its holdings in shares of TRI Pointe Group by 286.4% during the second quarter. Teachers Advisors LLC now owns 1,008,772 shares of the construction company’s stock valued at $13,306,000 after acquiring an additional 747,688 shares during the period. BlackRock Inc. raised its holdings in shares of 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 acquiring an additional 709,135 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of TRI Pointe Group by 45.8% during the second quarter. Goldman Sachs Group Inc. now owns 2,201,102 shares of the construction company’s stock valued at $29,032,000 after acquiring an additional 691,352 shares during the period. Finally, State Street Corp raised its holdings in shares of 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 acquiring an additional 536,624 shares during the period.

TRI Pointe Group, Inc. (NYSE TPH) traded up $0.10 during trading on Tuesday, reaching $17.66. 1,231,700 shares of the company’s stock traded hands, compared to its average volume of 1,931,384. The firm has a market cap of $2,660.00, a price-to-earnings ratio of 15.96, a PEG ratio of 1.17 and a beta of 1.74. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.80. TRI Pointe Group, Inc. has a 1 year low of $11.31 and a 1 year high of $18.44.

TRI Pointe Group (NYSE:TPH) last released 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. The firm had revenue of $717.40 million for the quarter, compared to analyst estimates of $706.65 million. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 EPS. research analysts expect that TRI Pointe Group, Inc. will post 1.36 EPS for the current fiscal year.

TPH has been the topic of a number of recent analyst reports. Gabelli boosted their price target 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. B. Riley restated a “buy” rating on shares of TRI Pointe Group in a report on Wednesday, November 1st. FBR & Co reiterated a “buy” rating and issued a $20.00 price objective on shares of TRI Pointe Group in a research note on Thursday, October 26th. ValuEngine upgraded shares of TRI Pointe Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of TRI Pointe Group from a “sell” rating to a “hold” rating and set a $19.00 price objective on the stock in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.00.

In other TRI Pointe Group news, CEO Douglas F. Bauer sold 42,294 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $17.54, for a total value of $741,836.76. Following the completion of the sale, the chief executive officer now directly owns 289,313 shares of the company’s stock, valued at $5,074,550.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Glenn J. Keeler sold 15,401 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $16.98, for a total transaction of $261,508.98. Following the completion of the sale, the vice president now directly owns 36,399 shares of the company’s stock, valued at $618,055.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 913,459 shares of company stock worth $15,111,927. Company insiders own 2.20% of the company’s stock.

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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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