TRI Pointe Group (TPH) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of TRI Pointe Group (NYSE:TPH) from a buy rating to a hold rating in a research report sent to investors on Friday, January 5th. The firm currently has $20.00 price target on the construction company’s stock.

According to Zacks, “TRI Pointe Group, Inc. is involved in the design, construction and sale of single-family homes. The company’s operating portfolio includes Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia. TRI Pointe Group, Inc., formerly known as Tri Pointe Homes, Inc., is headquartered in Irvine, California. “

Several other brokerages have also commented on TPH. Barclays upgraded shares of TRI Pointe Group from an equal weight rating to an overweight rating and raised their price objective for the stock from $17.00 to $21.00 in a report on Friday, January 5th. Wedbush lifted their target price on shares of TRI Pointe Group from $19.00 to $21.00 and gave the company an outperform rating in a report on Friday, December 29th. ValuEngine upgraded shares of TRI Pointe Group from a buy rating to a strong-buy rating in a report on Sunday, December 31st. B. Riley reiterated a buy rating on shares of TRI Pointe Group in a report on Wednesday, November 1st. Finally, FBR & Co reiterated a buy rating and set a $20.00 target price on shares of TRI Pointe Group in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $18.22.

Shares of TRI Pointe Group (NYSE:TPH) opened at $16.31 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.43 and a current ratio of 0.43. TRI Pointe Group has a 1-year low of $11.74 and a 1-year high of $19.55. The firm has a market cap of $2,572.39, a PE ratio of 14.83, a PEG ratio of 0.89 and a beta of 1.74.

In other TRI Pointe Group news, insider Thomas J. Mitchell sold 150,822 shares of TRI Pointe Group stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $18.83, for a total value of $2,839,978.26. Following the completion of the sale, the insider now owns 274,312 shares of the company’s stock, valued at approximately $5,165,294.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas F. Bauer sold 75,000 shares of TRI Pointe Group 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 sale, the chief executive officer now directly owns 289,313 shares of the company’s stock, valued at approximately $5,219,206.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 240,547 shares of company stock valued at $4,451,255. 2.20% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of TRI Pointe Group by 3.8% during the 2nd quarter. BlackRock Inc. now owns 19,293,793 shares of the construction company’s stock valued at $254,486,000 after acquiring an additional 709,135 shares during the period. Vanguard Group Inc. grew its position in shares of TRI Pointe Group by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 12,202,998 shares of the construction company’s stock valued at $160,958,000 after acquiring an additional 192,415 shares during the period. State Street Corp lifted its stake in shares of TRI Pointe Group by 9.1% during the 2nd quarter. State Street Corp now owns 6,403,500 shares of the construction company’s stock valued at $84,461,000 after buying an additional 536,624 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of TRI Pointe Group by 1.2% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,187,528 shares of the construction company’s stock valued at $44,020,000 after buying an additional 36,740 shares in the last quarter. Finally, Thornburg Investment Management Inc. lifted its stake in shares of 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 valued at $41,567,000 after buying 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.

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