Barnett & Company Inc. purchased a new position in TRI Pointe Group, Inc. (NYSE:TPH) during the second quarter, according to its most recent filing with the SEC. The fund purchased 13,800 shares of the construction company’s stock, valued at approximately $182,000.

Other hedge funds have also made changes to their positions in the company. TD Asset Management Inc. acquired a new stake in shares of TRI Pointe Group during the first quarter worth $661,000. Great West Life Assurance Co. Can boosted its stake in shares of TRI Pointe Group by 4.1% in the first quarter. Great West Life Assurance Co. Can now owns 85,894 shares of the construction company’s stock worth $1,076,000 after buying an additional 3,347 shares during the period. Karp Capital Management Corp acquired a new stake in shares of TRI Pointe Group during the first quarter worth $718,000. Parametrica Management Ltd acquired a new stake in shares of TRI Pointe Group during the first quarter worth $302,000. Finally, Howard Hughes Medical Institute boosted its stake in shares of 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 worth $191,000 after buying an additional 261 shares during the period. 98.68% of the stock is owned by hedge funds and other institutional investors.

TRI Pointe Group, Inc. (TPH) opened at 13.62 on Monday. TRI Pointe Group, Inc. has a 52-week low of $10.35 and a 52-week high of $14.21. The firm has a 50-day moving average of $13.23 and a 200-day moving average of $12.61. The stock has a market capitalization of $2.06 billion, a PE ratio of 16.18 and a beta of 1.66.

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

TRI Pointe Group declared that its Board of Directors has approved a stock repurchase 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 buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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TPH has been the subject of a number of research reports. Zacks Investment Research raised shares of TRI Pointe Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub cut shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. ValuEngine cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. cut shares of TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 price target for the company. in a research report on Thursday, July 27th. Finally, Barclays PLC cut shares of TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 price target for the company. in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target 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.

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Institutional Ownership by Quarter for TRI Pointe Group (NYSE:TPH)

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