Mraz Amerine & Associates Inc. Has $3,064,000 Stake in TRI Pointe Group, Inc. (NYSE:TPH)

Mraz Amerine & Associates Inc. maintained its position in TRI Pointe Group, Inc. (NYSE:TPH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 232,260 shares of the construction company’s stock at the end of the second quarter. TRI Pointe Group makes up approximately 1.0% of Mraz Amerine & Associates Inc.’s holdings, making the stock its 17th largest position. Mraz Amerine & Associates Inc. owned 0.15% of TRI Pointe Group worth $3,064,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in TRI Pointe Group by 19,738.7% in the first quarter. BlackRock Inc. now owns 18,584,658 shares of the construction company’s stock valued at $233,053,000 after buying an additional 18,490,979 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 buying an additional 1,359,721 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in TRI Pointe Group by 3.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 13,067,282 shares of the construction company’s stock valued at $163,864,000 after buying an additional 402,130 shares in the last quarter. Vanguard Group Inc. boosted its stake in TRI Pointe Group by 9.5% in the first quarter. Vanguard Group Inc. now owns 12,010,583 shares of the construction company’s stock valued at $150,613,000 after buying an additional 1,041,363 shares in the last quarter. Finally, State Street Corp boosted its stake in TRI Pointe Group by 5.6% in the first quarter. State Street Corp now owns 5,866,876 shares of the construction company’s stock valued at $73,571,000 after buying an additional 311,836 shares in the last quarter. 98.68% of the stock is owned by institutional investors.

Shares of TRI Pointe Group, Inc. (NYSE:TPH) opened at 13.06 on Friday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 15.51 and a beta of 1.66. The stock’s 50 day moving average is $13.58 and its 200-day moving average is $12.73. TRI Pointe Group, Inc. has a 52 week low of $10.35 and a 52 week high of $14.21.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. TRI Pointe Group had a return on equity of 7.32% and a net margin of 5.77%. The business had revenue of $568.80 million during the quarter, compared to analysts’ expectations of $563.72 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that TRI Pointe Group, Inc. will post $1.35 earnings per share for the current year.

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

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Several analysts have recently weighed in on the stock. Citigroup Inc. cut 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 research report on Thursday, July 27th. BidaskClub upgraded shares of TRI Pointe Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded shares of TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Wednesday, July 19th. ValuEngine cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet upgraded shares of TRI Pointe Group from a “c” rating to a “b-” rating in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $14.13.

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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