NWQ Investment Management Company LLC Sells 66,943 Shares of TRI Pointe Group, Inc. (TPH)

NWQ Investment Management Company LLC decreased its holdings in shares of TRI Pointe Group, Inc. (NYSE:TPH) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,446,602 shares of the construction company’s stock after selling 66,943 shares during the period. TRI Pointe Group comprises approximately 1.1% of NWQ Investment Management Company LLC’s holdings, making the stock its 17th largest position. NWQ Investment Management Company LLC owned about 4.29% of TRI Pointe Group worth $89,028,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TPH. World Asset Management Inc purchased a new position in shares of TRI Pointe Group during the 2nd quarter valued at $132,000. Shelton Capital Management purchased a new position in shares of TRI Pointe Group during the 2nd quarter valued at $146,000. Teacher Retirement System of Texas lifted its stake in shares of TRI Pointe Group by 6.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,729 shares of the construction company’s stock valued at $168,000 after buying an additional 725 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in shares of TRI Pointe Group by 89.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 12,720 shares of the construction company’s stock valued at $168,000 after buying an additional 6,020 shares in the last quarter. Finally, LS Investment Advisors LLC lifted its stake in TRI Pointe Group by 33.4% in the 2nd quarter. LS Investment Advisors LLC now owns 13,083 shares of the construction company’s stock worth $173,000 after purchasing an additional 3,276 shares in the last quarter.

In other news, VP Bradley William Blank sold 14,725 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $17.54, for a total value of $258,276.50. Following the sale, the vice president now directly owns 49,070 shares in the company, valued at approximately $860,687.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael D. Grubbs sold 300,000 shares of the business’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $15.02, for a total transaction of $4,506,000.00. Following the completion of the sale, the chief financial officer now owns 163,828 shares in the company, valued at $2,460,696.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 913,459 shares of company stock worth $15,111,927. Insiders own 2.20% of the company’s stock.

Shares of TRI Pointe Group, Inc. (NYSE TPH) traded down $0.50 during mid-day trading on Wednesday, reaching $17.18. 2,503,200 shares of the company’s stock traded hands, compared to its average volume of 1,932,582. The stock has a market cap of $2,659.65, a PE ratio of 16.07, a P/E/G ratio of 1.18 and a beta of 1.74. TRI Pointe Group, Inc. has a 1-year low of $11.31 and a 1-year high of $18.44. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.43 and a current ratio of 0.43.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The business had revenue of $717.40 million for the quarter, compared to analysts’ expectations of $706.65 million. During the same quarter in the previous year, the company earned $0.22 EPS. The business’s quarterly revenue was up 24.0% compared to the same quarter last year. research analysts forecast that TRI Pointe Group, Inc. will post 1.36 EPS for the current fiscal year.

TPH has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of TRI Pointe Group from a “sell” rating to a “hold” rating and set a $19.00 price target on the stock in a research note on Tuesday, October 24th. Wedbush reiterated an “outperform” rating and issued a $16.00 price target (down previously from $18.00) on shares of TRI Pointe Group in a research note on Friday, October 20th. BidaskClub cut shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. BTIG Research upgraded shares of TRI Pointe Group from a “sell” rating to a “neutral” rating and set a $15.00 price target on the stock in a research note on Thursday, October 26th. Finally, Barclays set a $17.00 price target on shares of TRI Pointe Group and gave the stock a “hold” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. TRI Pointe Group currently has a consensus rating of “Hold” and an average target price of $17.00.

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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.

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

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