TRI Pointe Group (NYSE:TPH) – Equities researchers at B. Riley cut their Q2 2018 EPS estimates for shares of TRI Pointe Group in a research note issued to investors on Thursday, April 26th, Zacks Investment Research reports. B. Riley analyst A. Rygiel now forecasts that the construction company will earn $0.34 per share for the quarter, down from their prior forecast of $0.35. B. Riley also issued estimates for TRI Pointe Group’s Q3 2018 earnings at $0.41 EPS.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of TRI Pointe Group from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Saturday, April 28th. ValuEngine lowered shares of TRI Pointe Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 9th. Gabelli downgraded shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 26th. JMP Securities boosted their price objective on shares of TRI Pointe Group from $20.00 to $21.00 and gave the company a “market outperform” rating in a research report on Friday, April 27th. Finally, Wedbush reaffirmed an “outperform” rating and set a $21.00 price objective on shares of TRI Pointe Group in a research report on Wednesday, April 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. TRI Pointe Group has a consensus rating of “Hold” and a consensus price target of $19.00.
Shares of TRI Pointe Group traded up $0.40, reaching $16.35, during trading on Monday, MarketBeat.com reports. The company had a trading volume of 1,852,700 shares, compared to its average volume of 1,710,268. The firm has a market cap of $2.58 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.93 and a current ratio of 0.93. TRI Pointe Group has a fifty-two week low of $15.84 and a fifty-two week high of $16.20.
TRI Pointe Group (NYSE:TPH) last issued its earnings results on Wednesday, April 25th. The construction company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The business had revenue of $586.20 million for the quarter, compared to analyst estimates of $552.11 million. TRI Pointe Group had a net margin of 7.40% and a return on equity of 13.55%. The company’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Hong Kong Ltd grew its position in TRI Pointe Group by 1,809.4% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 7,141 shares of the construction company’s stock worth $117,000 after purchasing an additional 6,767 shares during the last quarter. PNC Financial Services Group Inc. grew its position in TRI Pointe Group by 108.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,504 shares of the construction company’s stock worth $123,000 after purchasing an additional 3,909 shares during the last quarter. KCS Wealth Advisory bought a new position in TRI Pointe Group in the 1st quarter worth about $182,000. Zeke Capital Advisors LLC bought a new position in TRI Pointe Group in the 4th quarter worth about $201,000. Finally, LPL Financial LLC bought a new position in TRI Pointe Group in the 1st quarter worth about $209,000.
In other TRI Pointe Group news, CEO Douglas F. Bauer sold 28,928 shares of the company’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $17.76, for a total value of $513,761.28. Following the completion of the transaction, the chief executive officer now owns 168,479 shares in the company, valued at approximately $2,992,187.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas F. Bauer sold 5,600 shares of the company’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $17.75, for a total transaction of $99,400.00. Following the completion of the transaction, the chief executive officer now owns 168,479 shares of the company’s stock, valued at approximately $2,990,502.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,386 shares of company stock valued at $1,313,870. Insiders own 1.70% of the company’s stock.
TRI Pointe Group declared that its board has approved a stock repurchase program on Tuesday, February 20th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
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 six brands across eight states, including Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia.
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