Henderson Group PLC Acquires Shares of 111,608 TRI Pointe Group Inc (TPH)

Henderson Group PLC acquired a new stake in shares of TRI Pointe Group Inc (NYSE:TPH) during the first quarter, Holdings Channel reports. The fund acquired 111,608 shares of the construction company’s stock, valued at approximately $1,400,000. Henderson Group PLC owned about 0.07% of TRI Pointe Group at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in shares of TRI Pointe Group during the fourth quarter valued at about $2,467,000. Oakmont Corp purchased a new stake in shares of TRI Pointe Group during the third quarter valued at about $25,003,000. BlackRock Group LTD increased its stake in shares of TRI Pointe Group by 14.1% in the third quarter. BlackRock Group LTD now owns 176,571 shares of the construction company’s stock valued at $2,328,000 after buying an additional 21,878 shares during the period. Parametrica Management Ltd purchased a new stake in shares of TRI Pointe Group during the first quarter valued at about $302,000. Finally, Ameritas Investment Partners Inc. increased its stake in shares of TRI Pointe Group by 31.3% in the third quarter. Ameritas Investment Partners Inc. now owns 126,362 shares of the construction company’s stock valued at $1,665,000 after buying an additional 30,095 shares during the period. Institutional investors own 97.78% of the company’s stock.

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

Shares of TRI Pointe Group Inc (NYSE:TPH) traded up 0.834% on Friday, hitting $12.695. 367,481 shares of the stock traded hands. TRI Pointe Group Inc has a 52 week low of $10.35 and a 52 week high of $14.20. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 11.722 and a beta of 1.73. The stock has a 50 day moving average price of $12.38 and a 200-day moving average price of $12.11.

TRI Pointe Group (NYSE:TPH) last posted its earnings results on Wednesday, April 26th. The construction company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $392 million for the quarter, compared to the consensus estimate of $364.07 million. TRI Pointe Group had a return on equity of 12.73% and a net margin of 8.87%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. On average, equities research analysts forecast that TRI Pointe Group Inc will post $1.29 EPS for the current year.

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TPH has been the subject of several recent analyst reports. Deutsche Bank AG downgraded shares of TRI Pointe Group from a “buy” rating to a “hold” rating and cut their target price for the company from $17.00 to $13.00 in a research note on Monday, February 27th. Zacks Investment Research downgraded shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 23rd. FBR & Co reiterated an “outperform” rating and issued a $16.00 target price on shares of TRI Pointe Group in a research note on Thursday, February 23rd. Wedbush cut their target price on shares of TRI Pointe Group from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Tuesday, February 21st. Finally, BTIG Research assumed coverage on shares of TRI Pointe Group in a research report on Tuesday, February 7th. They set a “sell” rating and a $10.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. TRI Pointe Group currently has a consensus rating of “Hold” and an average target price of $14.38.

In other TRI Pointe Group news, Director Barry S. Sternlicht sold 11,985,905 shares of the business’s stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $12.76, for a total transaction of $152,940,147.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 9.40% of the company’s stock.

TRI Pointe Group Company 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.

5 Day Chart for NYSE:TPH

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).

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