TRI Pointe Group, Inc. (TPH) Given Consensus Recommendation of “Hold” by Analysts
TRI Pointe Group, Inc. (NYSE:TPH) has been assigned an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $17.00.
TPH has been the subject of a number of recent research reports. Zacks Investment Research cut TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. ValuEngine upgraded TRI Pointe Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Gabelli lifted their price objective on TRI Pointe Group from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. BidaskClub cut TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, FBR & Co reiterated a “buy” rating and set a $20.00 price objective on shares of TRI Pointe Group in a research note on Thursday, October 26th.
In other news, VP Glenn J. Keeler sold 15,401 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $16.98, for a total value of $261,508.98. Following the completion of the transaction, the vice president now owns 36,399 shares in the company, valued at $618,055.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bradley William Blank sold 14,725 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $17.54, for a total value of $258,276.50. Following the completion of the transaction, the vice president now owns 49,070 shares of the company’s stock, valued at approximately $860,687.80. The disclosure for this sale can be found here. Insiders sold 913,459 shares of company stock valued at $15,111,927 in the last 90 days. Company insiders own 2.20% of the company’s stock.
TRI Pointe Group (TPH) traded down $0.24 on Thursday, hitting $17.42. The stock had a trading volume of 1,178,544 shares, compared to its average volume of 1,928,234. The stock has a market cap of $2,660.00, a PE ratio of 15.96, a PEG ratio of 1.17 and a beta of 1.74. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.80. TRI Pointe Group has a 52 week low of $11.31 and a 52 week high of $18.44.
TRI Pointe Group (NYSE:TPH) last released its earnings results on Wednesday, October 25th. The construction company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The company had revenue of $717.40 million during the quarter, compared to analysts’ expectations of $706.65 million. TRI Pointe Group had a return on equity of 9.32% and a net margin of 6.97%. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. sell-side analysts predict that TRI Pointe Group will post 1.36 EPS for the current fiscal year.
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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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