TRI Pointe Group, Inc. (TPH) Given Consensus Recommendation of “Hold” by Brokerages

Shares of TRI Pointe Group, Inc. (NYSE:TPH) have earned a consensus rating of “Hold” from the eleven brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.00.

A number of analysts recently commented on the stock. TheStreet upgraded shares of TRI Pointe Group from a “c” rating to a “b-” rating in a research note on Monday, July 10th. Zacks Investment Research cut shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub upgraded shares of TRI Pointe Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Citigroup Inc. cut shares of TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Thursday, July 27th. Finally, Barclays PLC cut shares of TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 price target on the stock. in a research note on Tuesday, July 11th.

A number of institutional investors have recently bought and sold shares of TPH. Wells Fargo & Company MN increased its holdings in TRI Pointe Group by 5.2% during the 1st quarter. Wells Fargo & Company MN now owns 123,004 shares of the construction company’s stock worth $1,543,000 after acquiring an additional 6,083 shares during the period. UBS Asset Management Americas Inc. increased its holdings in TRI Pointe Group by 27.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 85,797 shares of the construction company’s stock worth $1,076,000 after acquiring an additional 18,535 shares during the period. Ameriprise Financial Inc. increased its holdings in TRI Pointe Group by 4.8% during the 1st quarter. Ameriprise Financial Inc. now owns 397,323 shares of the construction company’s stock worth $4,982,000 after acquiring an additional 18,293 shares during the period. Parametric Portfolio Associates LLC increased its holdings in TRI Pointe Group by 19.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 175,810 shares of the construction company’s stock worth $2,205,000 after acquiring an additional 28,602 shares during the period. Finally, SG Americas Securities LLC increased its holdings in TRI Pointe Group by 41.0% during the 1st quarter. SG Americas Securities LLC now owns 35,506 shares of the construction company’s stock worth $445,000 after acquiring an additional 10,324 shares during the period.

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Shares of TRI Pointe Group (NYSE:TPH) traded up 1.35% on Wednesday, hitting $14.99. 1,815,367 shares of the stock traded hands. The stock has a 50 day moving average price of $13.52 and a 200-day moving average price of $13.03. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 17.80 and a beta of 1.68. TRI Pointe Group has a 52 week low of $10.35 and a 52 week high of $15.00.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The company had revenue of $568.80 million for the quarter, compared to analysts’ expectations of $563.72 million. TRI Pointe Group had a net margin of 5.77% and a return on equity of 7.32%. TRI Pointe Group’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS. On average, equities research analysts forecast that TRI Pointe Group will post $1.34 EPS for the current year.

TRI Pointe Group announced that its board has authorized a share buyback 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 reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

About TRI Pointe Group

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.

Analyst Recommendations for TRI Pointe Group (NYSE:TPH)

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