Greenhaven Associates Inc. Sells 10,000 Shares of TRI Pointe Group Inc (TPH)
Greenhaven Associates Inc. cut its holdings in shares of TRI Pointe Group Inc (NYSE:TPH) by 0.2% during the fourth quarter, Holdings Channel reports. The fund owned 5,154,668 shares of the construction company’s stock after selling 10,000 shares during the period. TRI Pointe Group accounts for about 1.4% of Greenhaven Associates Inc.’s holdings, making the stock its 14th largest holding. Greenhaven Associates Inc.’s holdings in TRI Pointe Group were worth $92,372,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Shelton Capital Management acquired a new position in TRI Pointe Group during the second quarter worth about $146,000. Riverhead Capital Management LLC raised its stake in TRI Pointe Group by 89.9% during the second quarter. Riverhead Capital Management LLC now owns 12,720 shares of the construction company’s stock worth $168,000 after purchasing an additional 6,020 shares during the period. Virtu Financial LLC purchased a new position in TRI Pointe Group during the third quarter worth about $197,000. Quantitative Systematic Strategies LLC purchased a new position in TRI Pointe Group during the third quarter worth about $202,000. Finally, Marshall Wace North America L.P. purchased a new position in TRI Pointe Group during the second quarter worth about $232,000.
TPH has been the topic of a number of analyst reports. Gabelli lifted their target price on shares of TRI Pointe Group from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. ValuEngine raised shares of TRI Pointe Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. B. Riley reaffirmed a “buy” rating on shares of TRI Pointe Group in a research note on Wednesday, November 1st. FBR & Co reaffirmed a “buy” rating and set a $20.00 target price on shares of TRI Pointe Group in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised shares of TRI Pointe Group from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Saturday, January 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $18.22.
In other news, insider Thomas J. Mitchell sold 291,039 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $17.04, for a total value of $4,959,304.56. Following the sale, the insider now directly owns 274,312 shares of the company’s stock, valued at approximately $4,674,276.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas J. Mitchell sold 150,822 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $18.83, for a total transaction of $2,839,978.26. Following the completion of the sale, the insider now directly owns 274,312 shares in the company, valued at $5,165,294.96. The disclosure for this sale can be found here. Insiders sold a total of 1,139,281 shares of company stock worth $19,304,905 over the last three months. Insiders own 2.20% of the company’s stock.
TRI Pointe Group Inc (NYSE:TPH) traded up $0.35 during trading on Thursday, hitting $19.33. 1,492,418 shares of the stock were exchanged, compared to its average volume of 1,984,515. The stock has a market cap of $2,920.00, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 1.06 and a beta of 1.74. TRI Pointe Group Inc has a twelve month low of $11.36 and a twelve month high of $19.55. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.80.
TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $717.40 million for the quarter, compared to the consensus estimate of $706.65 million. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The business’s revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. equities research analysts forecast that TRI Pointe Group Inc will post 1.37 earnings per share for the current year.
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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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