TRI Pointe Group, Inc. (TPH) Rating Lowered to Equal Weight at Barclays PLC

Barclays PLC downgraded shares of TRI Pointe Group, Inc. (NYSE:TPH) from an overweight rating to an equal weight rating in a research note issued to investors on Tuesday, July 11th, Marketbeat Ratings reports. They currently have $14.00 target price on the construction company’s stock.

TPH has been the subject of several other reports. BidaskClub raised shares of TRI Pointe Group from a hold rating to a buy rating in a research note on Saturday, July 1st. Zacks Investment Research raised shares of TRI Pointe Group from a sell rating to a hold rating in a research note on Tuesday, May 2nd. ValuEngine cut shares of TRI Pointe Group from a buy rating to a hold rating in a research note on Friday, June 2nd. Finally, Wedbush reissued an outperform rating and issued a $16.00 target price on shares of TRI Pointe Group in a research note on Sunday, April 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $14.13.

Shares of TRI Pointe Group (NYSE TPH) traded up 0.66% during mid-day trading on Tuesday, hitting $13.77. 1,454,677 shares of the stock were exchanged. The company has a market capitalization of $2.08 billion, a PE ratio of 16.35 and a beta of 1.66. The firm has a 50-day moving average price of $13.31 and a 200 day moving average price of $12.63. TRI Pointe Group has a 12-month low of $10.35 and a 12-month high of $14.21.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The company had revenue of $568.80 million during the quarter, compared to analysts’ expectations of $563.72 million. TRI Pointe Group had a net margin of 5.77% and a return on equity of 7.32%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. On average, equities research analysts expect that TRI Pointe Group will post $1.35 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “TRI Pointe Group, Inc. (TPH) Rating Lowered to Equal Weight at Barclays PLC” was reported by BBNS and is owned by of BBNS. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://baseballnewssource.com/markets/tri-pointe-group-inc-tph-cut-to-equal-weight-at-barclays-plc-updated-updated-updated/1195166.html.

TRI Pointe Group announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, July 26th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the construction company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

A number of large investors have recently made changes to their positions in the stock. Amalgamated Bank increased its stake in shares of TRI Pointe Group by 0.5% in the first quarter. Amalgamated Bank now owns 20,926 shares of the construction company’s stock valued at $262,000 after buying an additional 101 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of TRI Pointe Group by 0.3% in the fourth quarter. New York State Teachers Retirement System now owns 70,800 shares of the construction company’s stock valued at $813,000 after buying an additional 200 shares in the last quarter. Howard Hughes Medical Institute increased its stake in shares of TRI Pointe Group by 1.7% in the first quarter. Howard Hughes Medical Institute now owns 15,208 shares of the construction company’s stock valued at $191,000 after buying an additional 261 shares in the last quarter. First Mercantile Trust Co. increased its stake in shares of TRI Pointe Group by 3.4% in the second quarter. First Mercantile Trust Co. now owns 18,855 shares of the construction company’s stock valued at $249,000 after buying an additional 625 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of TRI Pointe Group by 1.6% in the second quarter. Nisa Investment Advisors LLC now owns 42,022 shares of the construction company’s stock valued at $548,000 after buying an additional 650 shares in the last quarter. 98.68% of the stock is owned by institutional investors and hedge funds.

TRI Pointe Group Company Profile

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.

Analyst Recommendations for TRI Pointe Group (NYSE:TPH)

Receive News & Ratings for TRI Pointe Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRI Pointe Group Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets


Leave a Reply

 
© 2006-2017 BBNS.