Wedbush downgraded shares of TRI Pointe Group (NYSE:TPH) from an outperform rating to a neutral rating in a research report sent to investors on Thursday, Marketbeat.com reports. They currently have $13.00 price objective on the construction company’s stock, down from their prior price objective of $18.00. Wedbush also issued estimates for TRI Pointe Group’s Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.64 EPS, Q1 2019 earnings at $0.16 EPS and Q3 2019 earnings at $0.36 EPS.

Several other equities analysts also recently issued reports on the stock. JMP Securities cut their price target on shares of TRI Pointe Group from $21.00 to $20.00 and set a market outperform rating for the company in a report on Monday, July 30th. Zacks Investment Research downgraded shares of TRI Pointe Group from a buy rating to a hold rating in a report on Tuesday, July 31st. B. Riley cut their price target on shares of TRI Pointe Group from $23.00 to $19.00 and set a buy rating for the company in a report on Monday, July 30th. ValuEngine raised shares of TRI Pointe Group from a sell rating to a hold rating in a report on Wednesday, August 22nd. Finally, Royal Bank of Canada started coverage on shares of TRI Pointe Group in a report on Wednesday, June 27th. They set a sector perform rating for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $18.15.

Shares of TRI Pointe Group stock opened at $13.26 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.72. TRI Pointe Group has a twelve month low of $12.90 and a twelve month high of $19.55. The stock has a market cap of $2.02 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.64 and a beta of 1.49.

TRI Pointe Group (NYSE:TPH) last issued its earnings results on Friday, July 27th. The construction company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. TRI Pointe Group had a net margin of 7.90% and a return on equity of 14.73%. The business had revenue of $768.80 million for the quarter, compared to analyst estimates of $728.61 million. During the same period in the previous year, the business earned $0.21 EPS. The firm’s revenue was up 35.2% on a year-over-year basis. research analysts forecast that TRI Pointe Group will post 1.81 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning raised its stake in shares of TRI Pointe Group by 12.2% during the second quarter. Creative Planning now owns 29,591 shares of the construction company’s stock worth $484,000 after buying an additional 3,209 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of TRI Pointe Group by 11.7% during the second quarter. State Board of Administration of Florida Retirement System now owns 34,033 shares of the construction company’s stock worth $557,000 after buying an additional 3,571 shares during the last quarter. Profund Advisors LLC raised its stake in shares of TRI Pointe Group by 19.0% during the first quarter. Profund Advisors LLC now owns 24,402 shares of the construction company’s stock worth $401,000 after buying an additional 3,901 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of TRI Pointe Group by 108.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,504 shares of the construction company’s stock worth $123,000 after buying an additional 3,909 shares during the last quarter. Finally, EJF Capital LLC raised its stake in shares of TRI Pointe Group by 33.3% during the first quarter. EJF Capital LLC now owns 20,000 shares of the construction company’s stock worth $329,000 after buying an additional 5,000 shares during the last quarter.

About TRI Pointe Group

TRI Pointe Group, Inc engages in the design, construction, and sale of single-family detached and attached homes in the United States. It operates a portfolio of six brands across eight states, including Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia.

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Analyst Recommendations for TRI Pointe Group (NYSE:TPH)

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