TRI Pointe Group, Inc. (NYSE:TPH) VP Glenn J. Keeler sold 15,401 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $16.98, for a total transaction of $261,508.98. Following the completion of the transaction, the vice president now owns 36,399 shares in the company, valued at $618,055.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of TRI Pointe Group, Inc. (NYSE:TPH) opened at $17.61 on Monday. The company has a market cap of $2,649.11, a P/E ratio of 16.01, a P/E/G ratio of 1.18 and a beta of 1.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.43 and a current ratio of 0.43. TRI Pointe Group, Inc. has a 52 week low of $11.11 and a 52 week high of $17.84.
TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The company had revenue of $717.40 million for the quarter, compared to analysts’ expectations of $706.65 million. During the same period in the prior year, the company posted $0.22 EPS. TRI Pointe Group’s revenue was up 24.0% compared to the same quarter last year. research analysts predict that TRI Pointe Group, Inc. will post 1.36 earnings per share for the current fiscal year.
TRI Pointe Group declared that its board has approved a share repurchase program 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. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
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Several analysts have recently issued reports on the company. Zacks Investment Research downgraded TRI Pointe Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. ValuEngine upgraded shares of TRI Pointe Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Gabelli raised their target price on shares of TRI Pointe Group from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. BidaskClub downgraded TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, FBR & Co reiterated a “buy” rating and set a $20.00 price target on shares of TRI Pointe Group in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $16.70.
Large investors have recently added to or reduced their stakes in the business. World Asset Management Inc bought a new stake in TRI Pointe Group during the 2nd quarter valued at $132,000. Shelton Capital Management bought a new stake in TRI Pointe Group during the 2nd quarter valued at $146,000. Cornerstone Financial Partners LLC bought a new stake in TRI Pointe Group during the 2nd quarter valued at $148,000. Teacher Retirement System of Texas raised its stake in TRI Pointe Group by 6.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,729 shares of the construction company’s stock valued at $168,000 after acquiring an additional 725 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its stake in TRI Pointe Group by 89.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 12,720 shares of the construction company’s stock valued at $168,000 after acquiring an additional 6,020 shares in the last quarter.
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.
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