TRI Pointe Group (TPH) Announces Earnings Results

TRI Pointe Group (NYSE:TPH) posted its quarterly earnings results on Tuesday. The construction company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.06, Bloomberg Earnings reports. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. TRI Pointe Group had a return on equity of 9.32% and a net margin of 6.97%. The business’s revenue was up 45.7% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share.

TRI Pointe Group (NYSE TPH) traded down $0.04 on Tuesday, hitting $17.71. The stock had a trading volume of 268,106 shares, compared to its average volume of 1,995,725. TRI Pointe Group has a 52 week low of $11.74 and a 52 week high of $19.55. The firm has a market capitalization of $2,670.18, a PE ratio of 16.14, a price-to-earnings-growth ratio of 0.91 and a beta of 1.57. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.43 and a current ratio of 0.43.

In other news, insider Thomas J. Mitchell sold 150,822 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $18.83, for a total value of $2,839,978.26. Following the completion of the sale, the insider now directly owns 274,312 shares of the company’s stock, valued at $5,165,294.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas F. Bauer sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $1,353,000.00. Following the completion of the sale, the chief executive officer now directly owns 289,313 shares of the company’s stock, valued at $5,219,206.52. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of TRI Pointe Group by 4.0% in the fourth quarter. BlackRock Inc. now owns 19,037,872 shares of the construction company’s stock valued at $341,159,000 after buying an additional 729,721 shares during the last quarter. State Street Corp lifted its holdings in TRI Pointe Group by 9.1% during the 2nd quarter. State Street Corp now owns 6,403,500 shares of the construction company’s stock worth $84,461,000 after purchasing an additional 536,624 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in TRI Pointe Group by 1.2% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,187,528 shares of the construction company’s stock worth $44,020,000 after purchasing an additional 36,740 shares during the last quarter. Thornburg Investment Management Inc. lifted its holdings in TRI Pointe Group by 1.3% during the 3rd quarter. Thornburg Investment Management Inc. now owns 3,009,911 shares of the construction company’s stock worth $41,567,000 after purchasing an additional 38,264 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in TRI Pointe Group by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,064,234 shares of the construction company’s stock worth $28,507,000 after purchasing an additional 17,714 shares during the last quarter.

A number of research analysts have weighed in on the company. Zacks Investment Research upgraded TRI Pointe Group from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Saturday, January 6th. Barclays upgraded TRI Pointe Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $17.00 to $21.00 in a research note on Friday, January 5th. Wedbush raised their price target on TRI Pointe Group from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, December 29th. ValuEngine upgraded TRI Pointe Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, B. Riley restated a “buy” rating on shares of TRI Pointe Group in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. TRI Pointe Group has an average rating of “Buy” and an average target price of $18.22.

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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.

Earnings History for TRI Pointe Group (NYSE:TPH)

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