TRI Pointe Group (NYSE:TPH) Cut to Sell at ValuEngine

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ValuEngine downgraded shares of TRI Pointe Group (NYSE:TPH) from a hold rating to a sell rating in a research note published on Tuesday morning, ValuEngine reports.

Several other equities analysts have also issued reports on the company. B. Riley set a $18.00 target price on TRI Pointe Group and gave the company a buy rating in a report on Tuesday, October 15th. Royal Bank of Canada set a $18.00 price objective on TRI Pointe Group and gave the stock a buy rating in a research report on Friday, November 1st. TheStreet upgraded TRI Pointe Group from a c+ rating to a b rating in a research note on Wednesday, September 18th. JMP Securities cut TRI Pointe Group from an outperform rating to a market perform rating in a research note on Friday, November 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded TRI Pointe Group from a hold rating to a buy rating and set a $17.00 target price on the stock in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. TRI Pointe Group presently has a consensus rating of Hold and an average price target of $15.50.

TPH opened at $15.33 on Tuesday. TRI Pointe Group has a 1 year low of $10.37 and a 1 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 company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 8.07, a P/E/G ratio of 1.08 and a beta of 1.10. The firm’s fifty day moving average price is $15.53 and its two-hundred day moving average price is $13.92.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $0.44 earnings per share for the quarter, beating 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 company had revenue of $746.27 million for the quarter, compared to analyst estimates of $687.49 million. During the same period last year, the firm earned $0.43 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. As a group, equities analysts anticipate that TRI Pointe Group will post 1.31 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new stake in TRI Pointe Group in the second quarter worth $31,000. NumerixS Investment Technologies Inc lifted its position 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 valued at $48,000 after buying an additional 1,400 shares during the last quarter. Signaturefd LLC lifted its position 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 valued at $69,000 after buying an additional 667 shares during the last quarter. Dupont Capital Management Corp increased its holdings in TRI Pointe Group by 107.1% in the 2nd quarter. Dupont Capital Management Corp now owns 8,700 shares of the construction company’s stock worth $104,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Penserra Capital Management LLC increased its holdings in TRI Pointe Group by 25.0% in the 3rd quarter. Penserra Capital Management LLC now owns 7,350 shares of the construction company’s stock worth $110,000 after acquiring an additional 1,470 shares during the last quarter.

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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Analyst Recommendations for TRI Pointe Group (NYSE:TPH)

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