Principal Financial Group Inc. Decreases Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

Principal Financial Group Inc. lessened its position in shares of Tri Pointe Homes, Inc. (NYSE:TPH - Free Report) by 6.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 469,720 shares of the construction company's stock after selling 30,760 shares during the period. Principal Financial Group Inc. owned 0.50% of Tri Pointe Homes worth $21,283,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gradient Investments LLC bought a new stake in Tri Pointe Homes in the 2nd quarter valued at about $30,000. Reston Wealth Management LLC bought a new stake in shares of Tri Pointe Homes in the third quarter valued at approximately $45,000. GAMMA Investing LLC lifted its stake in shares of Tri Pointe Homes by 63.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,520 shares of the construction company's stock valued at $57,000 after buying an additional 588 shares in the last quarter. Blue Trust Inc. boosted its holdings in Tri Pointe Homes by 31.7% in the 2nd quarter. Blue Trust Inc. now owns 1,774 shares of the construction company's stock worth $69,000 after buying an additional 427 shares during the period. Finally, CWM LLC grew its stake in Tri Pointe Homes by 70.8% in the 2nd quarter. CWM LLC now owns 2,220 shares of the construction company's stock valued at $83,000 after buying an additional 920 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Tri Pointe Homes Price Performance

Tri Pointe Homes stock traded up $0.59 during mid-day trading on Thursday, hitting $41.97. 291,283 shares of the company traded hands, compared to its average volume of 897,317. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. Tri Pointe Homes, Inc. has a one year low of $28.74 and a one year high of $47.78. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 0.68 and a beta of 1.60. The stock has a fifty day moving average price of $43.35 and a 200-day moving average price of $41.37.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.11. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The firm's revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. On average, equities analysts predict that Tri Pointe Homes, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Transactions at Tri Pointe Homes

In related news, General Counsel David Ch Lee sold 5,000 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the transaction, the general counsel now directly owns 85,792 shares of the company's stock, valued at approximately $3,798,869.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

TPH has been the topic of several recent research reports. Royal Bank of Canada dropped their target price on Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Zelman & Associates upgraded Tri Pointe Homes from an "underperform" rating to a "neutral" rating and set a $43.00 target price for the company in a research note on Tuesday, September 17th. Evercore ISI raised Tri Pointe Homes to a "strong-buy" rating in a report on Friday, July 26th. Wedbush reiterated a "neutral" rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, October 24th. Finally, Oppenheimer reduced their price target on shares of Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Tri Pointe Homes has a consensus rating of "Moderate Buy" and an average price target of $45.75.

About Tri Pointe Homes

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.