Deutsche Bank AG trimmed its holdings in shares of TRI Pointe Group Inc (NYSE:TPH) by 40.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 734,218 shares of the construction company’s stock after selling 495,664 shares during the quarter. Deutsche Bank AG owned about 0.52% of TRI Pointe Group worth $8,022,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in TPH. Norges Bank bought a new position in TRI Pointe Group during the fourth quarter worth about $17,789,000. JPMorgan Chase & Co. increased its position in TRI Pointe Group by 38.7% during the third quarter. JPMorgan Chase & Co. now owns 3,358,355 shares of the construction company’s stock worth $41,643,000 after acquiring an additional 936,226 shares during the period. LSV Asset Management increased its position in TRI Pointe Group by 119.6% during the fourth quarter. LSV Asset Management now owns 1,254,400 shares of the construction company’s stock worth $13,710,000 after acquiring an additional 683,100 shares during the period. Oregon Public Employees Retirement Fund increased its position in TRI Pointe Group by 928.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 618,889 shares of the construction company’s stock worth $57,000 after acquiring an additional 558,711 shares during the period. Finally, Vanguard Group Inc increased its position in TRI Pointe Group by 2.8% during the third quarter. Vanguard Group Inc now owns 13,513,331 shares of the construction company’s stock worth $167,564,000 after acquiring an additional 362,468 shares during the period.

A number of equities analysts recently commented on TPH shares. TheStreet raised shares of TRI Pointe Group from a “c+” rating to a “b-” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded shares of TRI Pointe Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 23rd. JMP Securities increased their price objective on shares of TRI Pointe Group from $14.00 to $15.00 and gave the stock a “market outperform” rating in a research note on Wednesday, February 27th. Wedbush reiterated a “neutral” rating and set a $11.00 price objective on shares of TRI Pointe Group in a research note on Wednesday, February 27th. Finally, Susquehanna Bancshares reiterated a “neutral” rating and set a $14.00 price objective (down from $16.00) on shares of TRI Pointe Group in a research note on Wednesday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.78.

Shares of TRI Pointe Group stock opened at $14.23 on Friday. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 1.07 and a beta of 1.36. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.79 and a current ratio of 0.79. TRI Pointe Group Inc has a 12-month low of $10.37 and a 12-month high of $18.48.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings data on Tuesday, February 26th. The construction company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. TRI Pointe Group had a net margin of 8.28% and a return on equity of 14.15%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 earnings per share. On average, analysts predict that TRI Pointe Group Inc will post 1.29 EPS for the current fiscal year.

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TRI Pointe Group Company 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 6 brands across 10 states, including Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, 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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