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.

Several institutional investors and hedge funds have recently modified their holdings of TPH. Bank of New York Mellon Corp grew its holdings in shares of TRI Pointe Group by 50.0% in the second quarter. Bank of New York Mellon Corp now owns 3,209,949 shares of the construction company’s stock worth $42,340,000 after acquiring an additional 1,070,358 shares during the period. Teachers Advisors LLC grew its holdings in shares of TRI Pointe Group by 286.4% in the second quarter. Teachers Advisors LLC now owns 1,008,772 shares of the construction company’s stock worth $13,306,000 after acquiring an additional 747,688 shares during the period. BlackRock Inc. grew its holdings in shares of TRI Pointe Group by 3.8% in the second quarter. BlackRock Inc. now owns 19,293,793 shares of the construction company’s stock worth $254,486,000 after acquiring an additional 709,135 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of TRI Pointe Group by 45.8% in the second quarter. Goldman Sachs Group Inc. now owns 2,201,102 shares of the construction company’s stock worth $29,032,000 after acquiring an additional 691,352 shares during the period. Finally, State Street Corp grew its holdings in shares of TRI Pointe Group by 9.1% in the second quarter. State Street Corp now owns 6,403,500 shares of the construction company’s stock worth $84,461,000 after acquiring an additional 536,624 shares during the period.

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.

Analyst Recommendations for TRI Pointe Group (NYSE:TPH)

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