Fuller & Thaler Asset Management Inc. trimmed its position in shares of TRI Pointe Group Inc (NYSE:TPH) by 1.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,171,187 shares of the construction company’s stock after selling 38,620 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 1.43% of TRI Pointe Group worth $35,521,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH grew its stake in shares of TRI Pointe Group by 8.9% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,035,942 shares of the construction company’s stock worth $17,021,000 after purchasing an additional 85,000 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of TRI Pointe Group by 96.7% during the first quarter. Wells Fargo & Company MN now owns 247,050 shares of the construction company’s stock worth $4,060,000 after purchasing an additional 121,457 shares in the last quarter. Argent Capital Management LLC grew its stake in shares of TRI Pointe Group by 47.4% during the first quarter. Argent Capital Management LLC now owns 134,310 shares of the construction company’s stock worth $2,207,000 after purchasing an additional 43,210 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of TRI Pointe Group during the first quarter worth $1,896,000. Finally, Victory Capital Management Inc. grew its stake in shares of TRI Pointe Group by 0.4% during the first quarter. Victory Capital Management Inc. now owns 1,843,468 shares of the construction company’s stock worth $30,288,000 after purchasing an additional 7,235 shares in the last quarter.

NYSE TPH opened at $14.08 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.77 and a quick ratio of 0.77. TRI Pointe Group Inc has a 1 year low of $12.28 and a 1 year high of $19.55. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 9.92, a P/E/G ratio of 0.70 and a beta of 1.51.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings data on Friday, July 27th. The construction company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. TRI Pointe Group had a net margin of 7.90% and a return on equity of 14.73%. The company had revenue of $768.80 million during the quarter, compared to the consensus estimate of $728.61 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. TRI Pointe Group’s revenue for the quarter was up 35.2% on a year-over-year basis. sell-side analysts anticipate that TRI Pointe Group Inc will post 1.83 EPS for the current fiscal year.

In other TRI Pointe Group news, CFO Michael D. Grubbs sold 100,000 shares of the company’s stock in a transaction on Friday, May 25th. The shares were sold at an average price of $17.62, for a total value of $1,762,000.00. Following the completion of the transaction, the chief financial officer now owns 68,764 shares in the company, valued at $1,211,621.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas F. Bauer sold 3,900 shares of the company’s stock in a transaction on Friday, May 25th. The shares were sold at an average price of $17.75, for a total transaction of $69,225.00. Following the completion of the transaction, the chief executive officer now owns 168,479 shares of the company’s stock, valued at approximately $2,990,502.25. The disclosure for this sale can be found here. Insiders sold 175,482 shares of company stock valued at $3,096,795 in the last 90 days. 1.70% of the stock is currently owned by insiders.

TPH has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of TRI Pointe Group from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Saturday, April 28th. ValuEngine downgraded shares of TRI Pointe Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 9th. Susquehanna Bancshares set a $21.00 target price on shares of TRI Pointe Group and gave the stock a “buy” rating in a research note on Monday, July 30th. B. Riley lowered their target price on shares of TRI Pointe Group from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, July 30th. Finally, Buckingham Research lowered their target price on shares of TRI Pointe Group from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $18.77.

TRI Pointe Group Profile

TRI Pointe Group, Inc engages in the design, construction, and sale of single-family detached and attached homes in the United States. It operates a portfolio of six brands across eight states, including Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia.

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

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