Principal Financial Group Inc. Has $15.97 Million Stake in Tri Pointe Homes Inc. (NYSE:TPH)

Principal Financial Group Inc. boosted its position in shares of Tri Pointe Homes Inc. (NYSE:TPH - Free Report) by 2.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 500,398 shares of the construction company's stock after buying an additional 14,298 shares during the period. Principal Financial Group Inc. owned approximately 0.55% of Tri Pointe Homes worth $15,973,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TPH. Victory Capital Management Inc. increased its stake in shares of Tri Pointe Homes by 8.5% in the fourth quarter. Victory Capital Management Inc. now owns 306,586 shares of the construction company's stock valued at $11,117,000 after buying an additional 23,974 shares during the period. Assetmark Inc. raised its holdings in Tri Pointe Homes by 19.6% during the fourth quarter. Assetmark Inc. now owns 1,827 shares of the construction company's stock worth $66,000 after buying an additional 300 shares during the last quarter. Atria Investments Inc boosted its position in shares of Tri Pointe Homes by 5.6% during the fourth quarter. Atria Investments Inc now owns 16,731 shares of the construction company's stock valued at $607,000 after buying an additional 892 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Tri Pointe Homes during the fourth quarter valued at approximately $643,000. Finally, Raymond James Financial Inc. purchased a new stake in Tri Pointe Homes in the 4th quarter valued at about $13,342,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Tri Pointe Homes Trading Down 0.9%

Shares of TPH opened at $34.12 on Friday. The business's 50-day moving average price is $31.30 and its 200-day moving average price is $32.60. Tri Pointe Homes Inc. has a twelve month low of $27.90 and a twelve month high of $47.78. The stock has a market cap of $3.09 billion, a PE ratio of 7.58, a P/E/G ratio of 0.90 and a beta of 1.25. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.28.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.25. The company had revenue of $720.79 million during the quarter, compared to analyst estimates of $713.65 million. Tri Pointe Homes had a return on equity of 12.97% and a net margin of 10.02%. The firm's quarterly revenue was down 21.5% on a year-over-year basis. During the same quarter last year, the company earned $1.03 earnings per share. On average, equities analysts forecast that Tri Pointe Homes Inc. will post 3.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wedbush raised Tri Pointe Homes from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $38.00 to $43.00 in a research report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Tri Pointe Homes presently has an average rating of "Moderate Buy" and a consensus price target of $41.60.

Insiders Place Their Bets

In related news, CEO Douglas F. Bauer sold 120,287 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $30.15, for a total value of $3,626,653.05. Following the completion of the sale, the chief executive officer owned 627,833 shares in the company, valued at $18,929,164.95. The trade was a 16.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.70% of the stock is owned by insiders.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.

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