TRI Pointe Group (NYSE:TPH) has earned a consensus rating of “Buy” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $18.57.
TPH has been the subject of several recent research reports. Barclays raised TRI Pointe Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $17.00 to $21.00 in a research note on Friday, January 5th. ValuEngine raised TRI Pointe Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Finally, Wedbush increased their price objective on TRI Pointe Group from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, December 29th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zeke Capital Advisors LLC acquired a new position in TRI Pointe Group in the 4th quarter valued at $201,000. Jefferies Group LLC acquired a new stake in shares of TRI Pointe Group in the 4th quarter worth $237,000. Xact Kapitalforvaltning AB acquired a new stake in shares of TRI Pointe Group in the 4th quarter worth $250,000. Virtu Financial LLC acquired a new stake in shares of TRI Pointe Group in the 3rd quarter worth $197,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of TRI Pointe Group in the 4th quarter worth $337,000.
Shares of TPH stock opened at $16.79 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $2,535.83, a PE ratio of 11.82, a price-to-earnings-growth ratio of 0.85 and a beta of 1.43. TRI Pointe Group has a 1-year low of $12.01 and a 1-year high of $19.55.
TRI Pointe Group (NYSE:TPH) last announced its earnings results on Tuesday, February 20th. The construction company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.06. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. TRI Pointe Group had a return on equity of 11.89% and a net margin of 6.66%. The business’s quarterly revenue was up 45.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 EPS. sell-side analysts forecast that TRI Pointe Group will post 1.8 earnings per share for the current fiscal year.
TRI Pointe Group declared that its board has approved a stock buyback plan on Tuesday, February 20th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
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TRI Pointe Group Company Profile
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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