Northwestern Mutual Investment Management Company LLC reduced its position in shares of TRI Pointe Group, Inc. (NYSE:TPH) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,178 shares of the construction company’s stock after selling 2,123 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in TRI Pointe Group were worth $298,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Amalgamated Bank increased its position in TRI Pointe Group by 0.5% during the first quarter. Amalgamated Bank now owns 20,926 shares of the construction company’s stock worth $262,000 after purchasing an additional 101 shares during the last quarter. First Mercantile Trust Co. increased its position in TRI Pointe Group by 3.4% during the second quarter. First Mercantile Trust Co. now owns 18,855 shares of the construction company’s stock worth $249,000 after purchasing an additional 625 shares during the last quarter. Nisa Investment Advisors LLC increased its position in TRI Pointe Group by 1.6% during the second quarter. Nisa Investment Advisors LLC now owns 42,022 shares of the construction company’s stock worth $548,000 after purchasing an additional 650 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in TRI Pointe Group by 1.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 50,670 shares of the construction company’s stock worth $635,000 after purchasing an additional 700 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in TRI Pointe Group by 6.0% during the second quarter. Teacher Retirement System of Texas now owns 12,729 shares of the construction company’s stock worth $168,000 after purchasing an additional 725 shares during the last quarter. Hedge funds and other institutional investors own 98.68% of the company’s stock.

TPH has been the subject of several recent analyst reports. TheStreet upgraded shares of TRI Pointe Group from a “c” rating to a “b-” rating in a research report on Monday, July 10th. Zacks Investment Research upgraded shares of 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. BidaskClub upgraded shares of TRI Pointe Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Barclays PLC cut shares of 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. Finally, ValuEngine cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.13.

Shares of TRI Pointe Group, Inc. (NYSE TPH) opened at 13.05 on Tuesday. The firm’s 50 day moving average is $13.14 and its 200-day moving average is $12.82. The firm has a market capitalization of $1.97 billion, a PE ratio of 15.50 and a beta of 1.66. TRI Pointe Group, Inc. has a 12 month low of $10.35 and a 12 month high of $14.21.

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, beating the Zacks’ consensus estimate of $0.20 by $0.01. TRI Pointe Group had a net margin of 5.77% and a return on equity of 7.32%. The company had revenue of $568.80 million during the quarter, compared to the consensus estimate of $563.72 million. During the same quarter in the prior year, the company posted $0.46 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts expect that TRI Pointe Group, Inc. will post $1.35 EPS for the current fiscal year.

TRI Pointe Group declared that its board has approved a share buyback plan on Wednesday, July 26th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.dailypolitical.com/2017/09/19/northwestern-mutual-investment-management-company-llc-decreases-stake-in-tri-pointe-group-inc-tph.html.

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.

Want to see what other hedge funds are holding TPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TRI Pointe Group, Inc. (NYSE:TPH).

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

Receive News & Ratings for TRI Pointe Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRI Pointe Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.