TRI Pointe Group (NYSE:TPH) Sets New 12-Month High at $15.12

TRI Pointe Group Inc (NYSE:TPH) reached a new 52-week high during trading on Wednesday . The stock traded as high as $15.12 and last traded at $15.10, with a volume of 28823 shares traded. The stock had previously closed at $14.87.

TPH has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. TheStreet cut shares of TRI Pointe Group from a “b-” rating to a “c+” rating in a research report on Monday, July 15th. Finally, ValuEngine upgraded shares of TRI Pointe Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $13.60.

The stock’s 50 day moving average price is $13.87 and its 200 day moving average price is $13.13. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 7.92, a P/E/G ratio of 1.07 and a beta of 1.16. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.69.

TRI Pointe Group (NYSE:TPH) last released its earnings results on Thursday, July 25th. The construction company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.04. TRI Pointe Group had a return on equity of 9.96% and a net margin of 6.12%. The company had revenue of $692.10 million during the quarter, compared to analysts’ expectations of $635.33 million. During the same period in the prior year, the business posted $0.42 EPS. The business’s revenue was down 10.0% on a year-over-year basis. On average, equities analysts expect that TRI Pointe Group Inc will post 1.25 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in TPH. Echo Street Capital Management LLC acquired a new stake in TRI Pointe Group during the 2nd quarter worth about $40,899,000. JPMorgan Chase & Co. boosted its stake in TRI Pointe Group by 85.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,542,605 shares of the construction company’s stock valued at $64,959,000 after buying an additional 2,550,361 shares in the last quarter. Marshall Wace LLP boosted its stake in TRI Pointe Group by 4,222.1% in the 2nd quarter. Marshall Wace LLP now owns 614,737 shares of the construction company’s stock valued at $7,358,000 after buying an additional 600,514 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in TRI Pointe Group in the second quarter worth $7,178,000. Finally, Citadel Advisors LLC raised its position in shares of TRI Pointe Group by 127.9% during the second quarter. Citadel Advisors LLC now owns 954,906 shares of the construction company’s stock worth $11,431,000 after acquiring an additional 535,920 shares during the last quarter.

TRI Pointe Group Company Profile (NYSE:TPH)

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 6 brands across 10 states, including Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and Colorado; and Winchester Homes in Maryland and Virginia.

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