Press coverage about TRI Pointe Group (NYSE:TPH) has been trending positive on Saturday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. TRI Pointe Group earned a media sentiment score of 0.40 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 45.8161967688525 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of TRI Pointe Group (TPH) traded down $0.10 during midday trading on Friday, hitting $19.23. 1,241,640 shares of the stock traded hands, compared to its average volume of 1,572,135. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.43 and a quick ratio of 0.43. TRI Pointe Group has a 52-week low of $11.36 and a 52-week high of $19.55. The stock has a market cap of $2,907.86, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.03 and a beta of 1.74.
TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The company had revenue of $717.40 million for the quarter, compared to analyst estimates of $706.65 million. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. equities analysts forecast that TRI Pointe Group will post 1.37 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of TRI Pointe Group from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Saturday, January 6th. Barclays raised shares of TRI Pointe Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $17.00 to $21.00 in a report on Friday, January 5th. Wedbush upped their target price on shares of TRI Pointe Group from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, December 29th. ValuEngine raised shares of TRI Pointe Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, B. Riley reissued a “buy” rating on shares of TRI Pointe Group in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. TRI Pointe Group currently has a consensus rating of “Buy” and a consensus target price of $18.22.
In other news, 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 transaction of $4,506,000.00. Following the transaction, the chief financial officer now directly owns 163,828 shares in the company, valued at $2,460,696.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas J. Mitchell sold 150,822 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $18.83, for a total transaction of $2,839,978.26. Following the transaction, the insider now owns 274,312 shares in the company, valued at $5,165,294.96. The disclosure for this sale can be found here. Insiders sold a total of 1,139,281 shares of company stock worth $19,304,905 over the last 90 days. Insiders own 2.20% of the company’s stock.
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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.
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