Shares of TRI Pointe Group, Inc. (NYSE:TPH) have been assigned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $14.13.
TPH has been the topic of several research reports. BidaskClub cut TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Thursday, August 3rd. Citigroup Inc. lowered TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a report on Thursday, July 27th. TheStreet raised TRI Pointe Group from a “c” rating to a “b-” rating in a report on Monday, July 10th. Finally, Barclays PLC lowered TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 price target for the company. in a research note on Tuesday, July 11th.
Several hedge funds and other institutional investors have recently bought and sold shares of TPH. Meadow Creek Investment Management LLC boosted its position in 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 worth $115,000 after buying an additional 1,938 shares during the period. World Asset Management Inc bought a new stake in shares of TRI Pointe Group during the second quarter worth $132,000. 1st Global Advisors Inc. raised 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 worth $138,000 after buying an additional 984 shares in the last quarter. Shelton Capital Management bought a new stake in shares of TRI Pointe Group during the second quarter worth $146,000. Finally, Cornerstone Financial Partners LLC bought a new stake in shares of TRI Pointe Group during the second quarter worth $148,000. Institutional investors own 98.68% of the company’s stock.
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Shares of TRI Pointe Group (NYSE TPH) traded down 2.11% during mid-day trading on Tuesday, reaching $12.50. The company had a trading volume of 1,654,512 shares. The company has a market capitalization of $1.89 billion, a PE ratio of 14.85 and a beta of 1.66. TRI Pointe Group has a 1-year low of $10.35 and a 1-year high of $14.21. The stock’s 50-day moving average price is $13.54 and its 200 day moving average price is $12.75.
TRI Pointe Group (NYSE:TPH) last issued its earnings results on Wednesday, July 26th. The construction company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. TRI Pointe Group had a return on equity of 7.32% and a net margin of 5.77%. The company had revenue of $568.80 million during the quarter, compared to the consensus estimate of $563.72 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. Equities analysts expect that TRI Pointe Group will post $1.35 EPS for the current year.
TRI Pointe Group declared that its Board of Directors has approved a share repurchase program 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. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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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