TRI Pointe Group Inc (NYSE:TPH) has been assigned a consensus recommendation of “Buy” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued 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 target among analysts that have updated their coverage on the stock in the last year is $18.22.
Several analysts have recently issued reports on TPH shares. 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 note on Saturday, January 6th. FBR & Co reaffirmed a “buy” rating and set a $20.00 price target on shares of TRI Pointe Group in a research report on Thursday, October 26th. Gabelli upped their price target on shares of TRI Pointe Group from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. B. Riley reaffirmed a “buy” rating on shares of TRI Pointe Group in a research report on Wednesday, November 1st. Finally, Barclays set a $17.00 price target on shares of TRI Pointe Group and gave the stock a “hold” rating in a research report on Thursday, October 26th.
In other TRI Pointe Group news, insider Thomas J. Mitchell sold 150,822 shares of the business’s stock in a transaction 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 transaction, the insider now owns 274,312 shares in the company, valued at approximately $5,165,294.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas F. Bauer sold 75,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $5,219,206.52. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in TRI Pointe Group in the 3rd quarter worth $197,000. Zeke Capital Advisors LLC acquired a new position in TRI Pointe Group in the 4th quarter worth $201,000. Quantitative Systematic Strategies LLC acquired a new position in TRI Pointe Group in the 3rd quarter worth $202,000. Jefferies Group LLC acquired a new position in TRI Pointe Group in the 4th quarter worth $237,000. Finally, California Public Employees Retirement System lifted its holdings in TRI Pointe Group by 140.0% in the 3rd quarter. California Public Employees Retirement System now owns 24,000 shares of the construction company’s stock worth $331,000 after buying an additional 14,000 shares in the last quarter.
Shares of TRI Pointe Group (TPH) traded down $0.33 during midday trading on Tuesday, hitting $17.42. 3,333,739 shares of the stock traded hands, compared to its average volume of 2,092,821. TRI Pointe Group has a one year low of $11.74 and a one year high of $19.55. The stock has a market cap of $2,620.00, a PE ratio of 15.84, a PEG ratio of 0.91 and a beta of 1.57. 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 (NYSE:TPH) last announced its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.06. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company earned $0.36 EPS. The business’s quarterly revenue was up 45.7% compared to the same quarter last year. sell-side analysts forecast that TRI Pointe Group will post 1.36 earnings per share for the current fiscal year.
TRI Pointe Group announced that its Board of Directors has authorized a share repurchase program on Tuesday, February 20th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
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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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