TRI Pointe Group Inc (NYSE:TPH) – Equities research analysts at Wedbush issued their Q3 2019 EPS estimates for shares of TRI Pointe Group in a report issued on Wednesday. Wedbush analyst J. Mccanless forecasts that the construction company will post earnings per share of $0.47 for the quarter. Wedbush currently has a “Outperform” rating and a $21.00 target price on the stock.
TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.06. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. TRI Pointe Group had a return on equity of 12.05% and a net margin of 6.66%. TRI Pointe Group’s quarterly revenue was up 45.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS.
Several other research firms have also issued reports on TPH. Barclays set a $17.00 price target on TRI Pointe Group and gave the stock a “hold” rating in a research report on Thursday, October 26th. JMP Securities upped their price target on TRI Pointe Group from $16.00 to $18.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 26th. B. Riley restated a “buy” rating on shares of TRI Pointe Group in a research note on Wednesday, November 1st. Zacks Investment Research upgraded TRI Pointe Group from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Saturday, January 6th. Finally, ValuEngine raised TRI Pointe Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. TRI Pointe Group currently has an average rating of “Buy” and a consensus price target of $18.22.
TRI Pointe Group (NYSE TPH) traded down $0.33 on Thursday, hitting $17.03. The stock had a trading volume of 977,951 shares, compared to its average volume of 2,132,189. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.80. The stock has a market cap of $2,634.12, a price-to-earnings ratio of 14.04, a PEG ratio of 0.90 and a beta of 1.57. TRI Pointe Group has a 12-month low of $11.74 and a 12-month high of $19.55.
TRI Pointe Group declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 20th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, insider Thomas J. Mitchell sold 150,822 shares of the stock in a transaction on Wednesday, January 3rd. The stock was 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 of the company’s stock, valued at approximately $5,165,294.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas F. Bauer sold 75,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $1,353,000.00. Following the transaction, the chief executive officer now directly 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.
A number of hedge funds have recently modified their holdings of TPH. Wells Fargo & Company MN boosted its position in TRI Pointe Group by 2.7% during the second quarter. Wells Fargo & Company MN now owns 126,267 shares of the construction company’s stock valued at $1,666,000 after purchasing an additional 3,263 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in TRI Pointe Group by 8.4% in the second quarter. New York State Common Retirement Fund now owns 168,300 shares of the construction company’s stock worth $2,220,000 after acquiring an additional 13,099 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in TRI Pointe Group by 69.9% in the second quarter. Parametric Portfolio Associates LLC now owns 298,660 shares of the construction company’s stock worth $3,939,000 after acquiring an additional 122,850 shares in the last quarter. Voya Investment Management LLC boosted its holdings in TRI Pointe Group by 10.6% in the second quarter. Voya Investment Management LLC now owns 64,776 shares of the construction company’s stock worth $854,000 after acquiring an additional 6,212 shares in the last quarter. Finally, State Street Corp boosted its holdings in TRI Pointe Group by 9.1% in the second quarter. State Street Corp now owns 6,403,500 shares of the construction company’s stock worth $84,461,000 after acquiring an additional 536,624 shares in the last quarter.
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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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