Brokerages Set TRI Pointe Group Inc (NYSE:TPH) Target Price at $15.60

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Shares of TRI Pointe Group Inc (NYSE:TPH) have been given an average rating of “Hold” by the nine research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $15.60.

A number of analysts have recently weighed in on TPH shares. Royal Bank of Canada set a $18.00 target price on shares of TRI Pointe Group and gave the stock a “buy” rating in a report on Friday, November 1st. Zacks Investment Research upgraded shares of TRI Pointe Group from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Friday, October 18th. ValuEngine upgraded shares of TRI Pointe Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. B. Riley set a $18.00 target price on shares of TRI Pointe Group and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, TheStreet upgraded shares of TRI Pointe Group from a “c+” rating to a “b” rating in a report on Wednesday, September 18th.

Several hedge funds have recently added to or reduced their stakes in TPH. Tower Research Capital LLC TRC purchased a new position in shares of TRI Pointe Group during the 2nd quarter worth about $31,000. NumerixS Investment Technologies Inc boosted its stake in shares of TRI Pointe Group by 53.8% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the construction company’s stock worth $48,000 after purchasing an additional 1,400 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of TRI Pointe Group by 37.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,480 shares of the construction company’s stock worth $53,000 after purchasing an additional 951 shares during the period. Signaturefd LLC boosted its stake in shares of TRI Pointe Group by 16.9% during the 3rd quarter. Signaturefd LLC now owns 4,617 shares of the construction company’s stock worth $69,000 after purchasing an additional 667 shares during the period. Finally, Dupont Capital Management Corp boosted its stake in shares of TRI Pointe Group by 107.1% during the 2nd quarter. Dupont Capital Management Corp now owns 8,700 shares of the construction company’s stock worth $104,000 after purchasing an additional 4,500 shares during the period.

Shares of TRI Pointe Group stock traded down $0.04 during trading hours on Thursday, reaching $15.03. The company’s stock had a trading volume of 1,230,940 shares, compared to its average volume of 1,607,459. The firm has a 50 day moving average price of $15.23 and a 200-day moving average price of $13.69. TRI Pointe Group has a one year low of $10.37 and a one year high of $16.33. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market cap of $2.14 billion, a P/E ratio of 7.91, a P/E/G ratio of 1.10 and a beta of 1.14.

TRI Pointe Group (NYSE:TPH) last posted its earnings results on Thursday, October 31st. The construction company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. TRI Pointe Group had a net margin of 6.14% and a return on equity of 9.72%. The firm had revenue of $746.27 million for the quarter, compared to the consensus estimate of $687.49 million. During the same period in the previous year, the firm posted $0.43 EPS. The business’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, sell-side analysts forecast that TRI Pointe Group will post 1.31 EPS for the current fiscal 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 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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