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.
TRADEMARK VIOLATION WARNING: “TRI Pointe Group Inc (TPH) Receives $17.56 Average Price Target from Analysts” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/29/tri-pointe-group-inc-tph-receives-17-56-average-price-target-from-analysts.html.
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.
Receive News & Ratings for TRI Pointe Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRI Pointe Group and related companies with MarketBeat.com's FREE daily email newsletter.