Shares of TRI Pointe Group Inc (NYSE:TPH) have been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.29.
A number of research firms have recently commented on TPH. Wedbush reaffirmed an “outperform” rating and set a $16.00 target price on shares of TRI Pointe Group in a research note on Sunday, April 2nd. Zacks Investment Research raised TRI Pointe Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Barclays PLC reaffirmed an “overweight” rating and set a $14.00 target price on shares of TRI Pointe Group in a research note on Tuesday, March 7th. FBR & Co reaffirmed an “outperform” rating and set a $16.00 target price on shares of TRI Pointe Group in a research note on Thursday, February 23rd. Finally, Deutsche Bank AG cut TRI Pointe Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $17.00 to $13.00 in a research note on Monday, February 27th.
Shares of TRI Pointe Group (NYSE:TPH) opened at 12.75 on Monday. TRI Pointe Group has a 12-month low of $10.35 and a 12-month high of $14.20. The company has a market capitalization of $2.02 billion, a PE ratio of 11.77 and a beta of 1.73. The stock’s 50 day moving average price is $12.39 and its 200 day moving average price is $12.18.
TRI Pointe Group (NYSE:TPH) last released its earnings results on Wednesday, April 26th. The construction company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $392 million for the quarter, compared to the consensus estimate of $364.07 million. TRI Pointe Group had a net margin of 8.87% and a return on equity of 12.73%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. On average, equities research analysts forecast that TRI Pointe Group will post $1.29 earnings per share for the current year.
In other TRI Pointe Group news, Director Barry S. Sternlicht sold 11,985,905 shares of the stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $12.76, for a total transaction of $152,940,147.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 9.40% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Meadow Creek Investment Management LLC boosted its stake in shares of TRI Pointe Group by 26.8% in the first quarter. Meadow Creek Investment Management LLC now owns 9,180 shares of the construction company’s stock valued at $115,000 after buying an additional 1,938 shares during the period. FJ Capital Management LLC bought a new stake in shares of TRI Pointe Group during the fourth quarter valued at about $116,000. LS Investment Advisors LLC boosted its stake in shares of TRI Pointe Group by 5.6% in the third quarter. LS Investment Advisors LLC now owns 9,474 shares of the construction company’s stock valued at $125,000 after buying an additional 500 shares during the period. 1st Global Advisors Inc. boosted its stake in shares of TRI Pointe Group by 9.8% in the first quarter. 1st Global Advisors Inc. now owns 11,008 shares of the construction company’s stock valued at $138,000 after buying an additional 984 shares during the period. Finally, Glassman Wealth Services acquired a new stake in shares of TRI Pointe Group during the fourth quarter valued at approximately $145,000. 97.78% of the stock is currently owned by institutional investors and hedge funds.
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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.
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