Shares of TRI Pointe Group Inc (NYSE:TPH) have earned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $16.13.
Several equities analysts have recently commented on TPH shares. B. Riley dropped their target price on shares of TRI Pointe Group from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, October 25th. JMP Securities set a $14.00 target price on shares of TRI Pointe Group and gave the company a “buy” rating in a research report on Thursday, October 25th. TheStreet cut shares of TRI Pointe Group from a “b-” rating to a “c+” rating in a research report on Wednesday, October 10th. Zacks Investment Research upgraded shares of TRI Pointe Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Finally, Wedbush set a $11.00 target price on shares of TRI Pointe Group and gave the company a “hold” rating in a research report on Thursday, October 25th.
Several institutional investors have recently made changes to their positions in TPH. Northern Trust Corp grew its holdings in TRI Pointe Group by 65.7% during the 2nd quarter. Northern Trust Corp now owns 3,632,311 shares of the construction company’s stock worth $59,423,000 after acquiring an additional 1,440,341 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in TRI Pointe Group by 357.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 34,358 shares of the construction company’s stock worth $561,000 after acquiring an additional 26,854 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in TRI Pointe Group by 836.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 72,810 shares of the construction company’s stock worth $1,191,000 after acquiring an additional 65,032 shares during the last quarter. Piermont Capital Management Inc. bought a new stake in TRI Pointe Group during the 3rd quarter worth approximately $1,846,000. Finally, Thornburg Investment Management Inc. grew its holdings in TRI Pointe Group by 5.4% during the 3rd quarter. Thornburg Investment Management Inc. now owns 2,347,597 shares of the construction company’s stock worth $29,110,000 after acquiring an additional 120,708 shares during the last quarter.
Shares of NYSE:TPH traded down $0.07 during midday trading on Friday, hitting $12.57. The stock had a trading volume of 66,191 shares, compared to its average volume of 1,815,552. The stock has a market capitalization of $1.79 billion, a PE ratio of 8.87, a PEG ratio of 0.74 and a beta of 1.27. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.72. TRI Pointe Group has a fifty-two week low of $10.37 and a fifty-two week high of $19.46.
TRI Pointe Group (NYSE:TPH) last issued its earnings results on Wednesday, October 24th. The construction company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. The company had revenue of $771.80 million during the quarter, compared to analysts’ expectations of $768.01 million. TRI Pointe Group had a net margin of 7.51% and a return on equity of 14.09%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 EPS. On average, research analysts predict that TRI Pointe Group will post 1.78 EPS for the current fiscal year.
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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