TRI Pointe Group Inc (NYSE:TPH) has been given a consensus rating of “Hold” by the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $18.83.
Several analysts recently issued reports on the company. Zelman & Associates cut TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 14th. ValuEngine cut TRI Pointe Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 9th. Wedbush reiterated an “outperform” rating and set a $21.00 target price on shares of TRI Pointe Group in a research report on Wednesday, April 25th. Royal Bank of Canada assumed coverage on TRI Pointe Group in a research report on Wednesday. They set a “sector perform” rating for the company. Finally, Zacks Investment Research cut TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Friday, May 4th.
In other news, CEO Douglas F. Bauer sold 28,928 shares of the firm’s stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $17.76, for a total value of $513,761.28. Following the completion of the sale, the chief executive officer now directly owns 168,479 shares of the company’s stock, valued at approximately $2,992,187.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas F. Bauer sold 28,828 shares of the firm’s stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $17.76, for a total value of $511,985.28. Following the completion of the sale, the chief executive officer now directly owns 168,479 shares of the company’s stock, valued at $2,992,187.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 249,868 shares of company stock valued at $4,410,665. 1.70% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Deutsche Bank AG lifted its stake in shares of TRI Pointe Group by 374.4% in the 4th quarter. Deutsche Bank AG now owns 2,004,693 shares of the construction company’s stock valued at $35,922,000 after purchasing an additional 1,582,141 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of TRI Pointe Group by 6.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 838,221 shares of the construction company’s stock valued at $15,021,000 after purchasing an additional 53,222 shares during the last quarter. BlackRock Inc. lifted its stake in shares of TRI Pointe Group by 4.0% during the 4th quarter. BlackRock Inc. now owns 19,037,872 shares of the construction company’s stock worth $341,159,000 after acquiring an additional 729,721 shares during the last quarter. Clark Capital Management Group Inc. bought a new stake in shares of TRI Pointe Group during the 4th quarter worth approximately $2,079,000. Finally, Quadrature Capital Ltd bought a new stake in shares of TRI Pointe Group during the 4th quarter worth approximately $1,496,000.
NYSE:TPH opened at $16.20 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.93 and a quick ratio of 0.93. TRI Pointe Group has a 12-month low of $12.28 and a 12-month high of $19.55. The stock has a market cap of $2.51 billion, a P/E ratio of 9.91, a price-to-earnings-growth ratio of 0.77 and a beta of 1.47.
TRI Pointe Group (NYSE:TPH) last released its earnings results on Wednesday, April 25th. The construction company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. TRI Pointe Group had a return on equity of 13.55% and a net margin of 7.40%. The firm had revenue of $586.20 million during the quarter, compared to analysts’ expectations of $552.11 million. During the same quarter last year, the business posted $0.05 earnings per share. The firm’s revenue was up 49.5% on a year-over-year basis. research analysts anticipate that TRI Pointe Group will post 1.86 EPS for the current year.
About TRI Pointe Group
TRI Pointe Group, Inc engages in the design, construction, and sale of single-family detached and attached homes in the United States. It operates a portfolio of six brands across eight states, including 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.
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