TRI Pointe Group, Inc. (TPH) Receives $17.00 Average PT from Analysts

TRI Pointe Group, Inc. (NYSE:TPH) has earned an average rating of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $17.00.

Several equities research analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating on shares of TRI Pointe Group in a report on Wednesday, November 1st. BTIG Research raised TRI Pointe Group from a “sell” rating to a “neutral” rating and set a $15.00 target price for the company in a report on Thursday, October 26th. Zacks Investment Research raised TRI Pointe Group from a “sell” rating to a “hold” rating and set a $19.00 target price for the company in a report on Tuesday, October 24th. JMP Securities raised their target price on TRI Pointe Group from $16.00 to $18.00 and gave the company a “market outperform” rating in a report on Thursday, October 26th. Finally, Wedbush reissued an “outperform” rating and issued a $16.00 target price (down previously from $18.00) on shares of TRI Pointe Group in a report on Friday, October 20th.

Shares of TRI Pointe Group (NYSE TPH) traded up $0.26 during midday trading on Thursday, hitting $17.56. The company had a trading volume of 1,520,000 shares, compared to its average volume of 1,695,253. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.80. TRI Pointe Group has a 52-week low of $11.31 and a 52-week high of $18.44. The firm has a market capitalization of $2,641.59, a P/E ratio of 15.96, a PEG ratio of 1.17 and a beta of 1.74.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. TRI Pointe Group had a return on equity of 9.32% and a net margin of 6.97%. The firm had revenue of $717.40 million during the quarter, compared to the consensus estimate of $706.65 million. During the same period last year, the company earned $0.22 earnings per share. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. research analysts expect that TRI Pointe Group will post 1.36 EPS for the current year.

In other news, CFO Michael D. Grubbs sold 300,000 shares of the firm’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $15.02, for a total value of $4,506,000.00. Following the completion of the transaction, the chief financial officer now owns 163,828 shares in the company, valued at $2,460,696.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Thomas J. Mitchell sold 291,039 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $17.04, for a total value of $4,959,304.56. Following the completion of the transaction, the insider now owns 274,312 shares of the company’s stock, valued at approximately $4,674,276.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 913,459 shares of company stock valued at $15,111,927. Company insiders own 2.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System increased its position in shares of TRI Pointe Group by 140.0% in the third quarter. California Public Employees Retirement System now owns 24,000 shares of the construction company’s stock valued at $331,000 after buying an additional 14,000 shares in the last quarter. Virtu Financial LLC purchased a new stake in TRI Pointe Group during the 3rd quarter worth about $197,000. Maltese Capital Management LLC purchased a new stake in TRI Pointe Group during the 3rd quarter worth about $5,662,000. Stifel Financial Corp increased its position in TRI Pointe Group by 8.0% during the 3rd quarter. Stifel Financial Corp now owns 368,470 shares of the construction company’s stock worth $5,067,000 after purchasing an additional 27,217 shares in the last quarter. Finally, Thornburg Investment Management Inc. increased its position in TRI Pointe Group by 1.3% during the 3rd quarter. Thornburg Investment Management Inc. now owns 3,009,911 shares of the construction company’s stock worth $41,567,000 after purchasing an additional 38,264 shares in the last quarter.

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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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