Shares of TRI Pointe Group Inc (NYSE:TPH) have received a consensus recommendation of “Buy” from the thirteen analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $18.22.
A number of equities analysts recently weighed in on TPH shares. Zacks Investment Research cut TRI Pointe Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. ValuEngine raised TRI Pointe Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Gabelli upped their price target on TRI Pointe Group from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Barclays raised TRI Pointe Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $17.00 to $21.00 in a report on Friday. Finally, FBR & Co reaffirmed a “buy” rating and issued a $20.00 price target on shares of TRI Pointe Group in a report on Thursday, October 26th.
In other TRI Pointe Group news, CEO Douglas F. Bauer sold 75,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $1,353,000.00. Following the completion of the transaction, the chief executive officer now owns 289,313 shares of the company’s stock, valued at $5,219,206.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael D. Grubbs sold 300,000 shares of the stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $15.02, for a total value of $4,506,000.00. Following the transaction, the chief financial officer now directly owns 163,828 shares of the company’s stock, valued at approximately $2,460,696.56. The disclosure for this sale can be found here. Insiders have sold 1,139,281 shares of company stock valued at $19,304,905 in the last three months. Insiders own 2.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in TPH. Shelton Capital Management acquired a new stake in shares of TRI Pointe Group in the second quarter valued at approximately $146,000. Riverhead Capital Management LLC increased its holdings in shares of TRI Pointe Group by 89.9% in the second quarter. Riverhead Capital Management LLC now owns 12,720 shares of the construction company’s stock valued at $168,000 after purchasing an additional 6,020 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of TRI Pointe Group in the third quarter valued at approximately $197,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of TRI Pointe Group in the third quarter valued at approximately $202,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of TRI Pointe Group in the second quarter valued at approximately $232,000.
TRI Pointe Group (NYSE:TPH) traded up $0.39 during midday trading on Monday, reaching $19.42. The company had a trading volume of 2,049,857 shares, compared to its average volume of 1,473,164. The firm has a market cap of $2,862.73, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.04 and a beta of 1.74. TRI Pointe Group has a 12 month low of $11.31 and a 12 month high of $19.55. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.80.
TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $717.40 million during the quarter, compared to analysts’ expectations of $706.65 million. TRI Pointe Group had a return on equity of 9.32% and a net margin of 6.97%. TRI Pointe Group’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. equities analysts anticipate that TRI Pointe Group will post 1.37 EPS for the current fiscal year.
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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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