TRI Pointe Group, Inc. (NYSE:TPH) Stake Increased by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its stake in TRI Pointe Group, Inc. (NYSE:TPH) by 10.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 604,319 shares of the construction company’s stock after buying an additional 57,267 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.38% of TRI Pointe Group worth $7,579,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. First Mercantile Trust Co. bought a new stake in TRI Pointe Group during the first quarter valued at approximately $229,000. Howard Hughes Medical Institute boosted its stake in TRI Pointe Group by 1.7% in the first quarter. Howard Hughes Medical Institute now owns 15,208 shares of the construction company’s stock valued at $191,000 after buying an additional 261 shares during the period. Nationwide Fund Advisors boosted its stake in TRI Pointe Group by 2.3% in the first quarter. Nationwide Fund Advisors now owns 375,995 shares of the construction company’s stock valued at $4,715,000 after buying an additional 8,417 shares during the period. Retirement Systems of Alabama boosted its stake in TRI Pointe Group by 13.7% in the first quarter. Retirement Systems of Alabama now owns 213,875 shares of the construction company’s stock valued at $2,682,000 after buying an additional 25,779 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new stake in TRI Pointe Group during the first quarter valued at approximately $178,000. Institutional investors and hedge funds own 98.68% of the company’s stock.

Shares of TRI Pointe Group, Inc. (NYSE:TPH) opened at 13.06 on Friday. TRI Pointe Group, Inc. has a 12-month low of $10.35 and a 12-month high of $14.21. The firm has a 50-day moving average price of $13.58 and a 200 day moving average price of $12.73. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 15.51 and a beta of 1.66.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.21 EPS for the quarter, topping the Zacks’ 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 company had revenue of $568.80 million for the quarter, compared to the consensus estimate of $563.72 million. During the same quarter in the previous year, the business earned $0.46 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that TRI Pointe Group, Inc. will post $1.35 earnings per share for the current fiscal year.

TRI Pointe Group announced that its board has approved a share buyback program on Wednesday, July 26th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

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Several equities research analysts have recently commented on the company. Citigroup Inc. cut TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Thursday, July 27th. BidaskClub cut TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, July 19th. TheStreet upgraded TRI Pointe Group from a “c” rating to a “b-” rating in a research report on Monday, July 10th. Finally, Barclays PLC cut TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective for the company. in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. TRI Pointe Group currently has an average rating of “Hold” and a consensus 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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