TRI Pointe Group Inc (NYSE:TPH) has been assigned an average rating of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $18.83.
TPH has been the topic of a number of research analyst reports. Royal Bank of Canada initiated coverage on TRI Pointe Group in a report on Wednesday. They set a “sector perform” rating on the stock. ValuEngine downgraded TRI Pointe Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 9th. Zacks Investment Research downgraded TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Friday, May 4th. Wedbush reiterated an “outperform” rating and set a $21.00 target price on shares of TRI Pointe Group in a report on Wednesday, April 25th. Finally, JMP Securities upped their price target on TRI Pointe Group from $20.00 to $21.00 and gave the stock a “market outperform” rating in a research note on Friday, April 27th.
Shares of TRI Pointe Group traded up $0.18, reaching $16.36, during midday trading on Monday, Marketbeat.com reports. 1,049,176 shares of the stock were exchanged, compared to its average volume of 1,578,272. TRI Pointe Group has a 1 year low of $12.28 and a 1 year high of $19.55. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 0.75 and a beta of 1.47.
TRI Pointe Group (NYSE:TPH) last posted its earnings results on Wednesday, April 25th. The construction company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. TRI Pointe Group had a return on equity of 13.55% and a net margin of 7.40%. The firm had revenue of $586.20 million for the quarter, compared to the consensus estimate of $552.11 million. During the same quarter in the prior year, the business earned $0.05 EPS. The business’s revenue for the quarter was up 49.5% on a year-over-year basis. sell-side analysts forecast that TRI Pointe Group will post 1.86 earnings per share for the current year.
In related news, CEO Douglas F. Bauer sold 3,900 shares of the company’s stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of $17.75, for a total value of $69,225.00. Following the transaction, the chief executive officer now directly owns 168,479 shares of the company’s stock, valued at approximately $2,990,502.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael D. Grubbs sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $17.62, for a total value of $1,762,000.00. Following the completion of the transaction, the chief financial officer now directly owns 68,764 shares in the company, valued at $1,211,621.68. The disclosure for this sale can be found here. Insiders sold a total of 249,868 shares of company stock worth $4,410,665 in the last 90 days. 1.70% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in TPH. Renaissance Technologies LLC bought a new position in TRI Pointe Group in the 4th quarter valued at approximately $36,591,000. Deutsche Bank AG lifted its holdings in shares of TRI Pointe Group by 374.4% during the 4th quarter. Deutsche Bank AG now owns 2,004,693 shares of the construction company’s stock valued at $35,922,000 after buying an additional 1,582,141 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of TRI Pointe Group by 788.8% during the 1st quarter. Point72 Asset Management L.P. now owns 688,750 shares of the construction company’s stock valued at $11,316,000 after buying an additional 788,750 shares during the period. BlackRock Inc. lifted its holdings in shares of TRI Pointe Group by 4.0% during the 4th quarter. BlackRock Inc. now owns 19,037,872 shares of the construction company’s stock valued at $341,159,000 after buying an additional 729,721 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings in shares of TRI Pointe Group by 293.6% during the 4th quarter. Guggenheim Capital LLC now owns 718,277 shares of the construction company’s stock valued at $12,873,000 after buying an additional 535,784 shares during the period.
About TRI Pointe Group
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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