Thrivent Financial For Lutherans Has $387,000 Position in TRI Pointe Group, Inc. (NYSE:TPH)

Thrivent Financial For Lutherans raised its stake in shares of TRI Pointe Group, Inc. (NYSE:TPH) by 22.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,860 shares of the construction company’s stock after buying an additional 5,730 shares during the period. Thrivent Financial For Lutherans’ holdings in TRI Pointe Group were worth $387,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TPH. Meadow Creek Investment Management LLC raised its position in TRI Pointe Group by 26.8% in the first quarter. Meadow Creek Investment Management LLC now owns 9,180 shares of the construction company’s stock valued at $115,000 after buying an additional 1,938 shares in the last quarter. 1st Global Advisors Inc. increased its position in TRI Pointe Group by 9.8% in the first quarter. 1st Global Advisors Inc. now owns 11,008 shares of the construction company’s stock valued at $138,000 after buying an additional 984 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in TRI Pointe Group during the first quarter valued at approximately $178,000. Trexquant Investment LP purchased a new position in TRI Pointe Group during the first quarter valued at approximately $178,000. Finally, Princeton Alpha Management LP purchased a new position in TRI Pointe Group during the first quarter valued at approximately $179,000. 98.68% of the stock is owned by institutional investors.

Shares of TRI Pointe Group, Inc. (TPH) opened at 13.78 on Friday. The stock has a market cap of $2.09 billion, a P/E ratio of 16.37 and a beta of 1.66. TRI Pointe Group, Inc. has a 52-week low of $10.35 and a 52-week high of $14.21. The firm’s 50 day moving average price is $13.49 and its 200 day moving average price is $12.69.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. TRI Pointe Group had a net margin of 5.77% and a return on equity of 7.32%. The firm had revenue of $568.80 million during the quarter, compared to the consensus estimate of $563.72 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts expect that TRI Pointe Group, Inc. will post $1.35 EPS for the current year.

TRI Pointe Group declared that its board has authorized a share repurchase plan on Wednesday, July 26th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the construction company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

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Several equities analysts recently commented on the company. TheStreet upgraded TRI Pointe Group from a “c” rating to a “b-” rating in a research note on Monday, July 10th. Zacks Investment Research upgraded TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Thursday, August 3rd. BidaskClub upgraded TRI Pointe Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Citigroup Inc. downgraded TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research note on Thursday, July 27th. Finally, Barclays PLC downgraded TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective on the stock. in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.13.

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.

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

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