Zacks Investment Research lowered shares of TRI Pointe Group (NYSE:TPH) from a buy rating to a hold rating in a research note published on Friday morning. The brokerage currently has $20.00 price objective on the construction company’s stock.

According to Zacks, “TRI Pointe Group, Inc. is involved in the design, construction and sale of single-family homes. The company’s operating portfolio includes 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. TRI Pointe Group, Inc., formerly known as Tri Pointe Homes, Inc., is headquartered in Irvine, California. “

Several other analysts also recently commented on the stock. Wedbush reaffirmed an outperform rating and issued a $16.00 price objective (down from $18.00) on shares of TRI Pointe Group in a report on Friday, October 20th. BTIG Research raised shares of TRI Pointe Group from a sell rating to a neutral rating and set a $15.00 price objective on the stock in a report on Thursday, October 26th. Barclays set a $17.00 price objective on shares of TRI Pointe Group and gave the company a hold rating in a report on Thursday, October 26th. ValuEngine raised shares of TRI Pointe Group from a hold rating to a buy rating in a report on Monday, October 2nd. Finally, Gabelli upped their price objective on shares of TRI Pointe Group from $19.00 to $20.00 and gave the company a buy rating in a report on Thursday, October 26th. 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 issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $18.22.

TRI Pointe Group (NYSE:TPH) traded up $0.39 during mid-day trading on Friday, hitting $19.42. 2,088,500 shares of the stock traded hands, compared to its average volume of 2,418,050. The stock has a market cap of $2,920.00, a P/E ratio of 17.65, a P/E/G ratio of 1.06 and a beta of 1.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.43 and a quick ratio of 0.43. TRI Pointe Group has a fifty-two week low of $11.31 and a fifty-two week high of $19.55.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $717.40 million for the quarter, compared to the consensus estimate of $706.65 million. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The business’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. equities analysts forecast that TRI Pointe Group will post 1.37 earnings per share for the current year.

In related news, insider Thomas J. Mitchell sold 150,822 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $18.83, for a total value of $2,839,978.26. Following the completion of the transaction, the insider now directly owns 274,312 shares in the company, valued at approximately $5,165,294.96. The transaction was disclosed in a document filed with the SEC, which is accessible 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 shares were sold at an average price of $17.54, for a total transaction 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 $860,687.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,139,281 shares of company stock valued at $19,304,905. Company insiders own 2.20% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. California Public Employees Retirement System raised its position in TRI Pointe Group by 140.0% during the third quarter. California Public Employees Retirement System now owns 24,000 shares of the construction company’s stock worth $331,000 after acquiring an additional 14,000 shares during the period. Virtu Financial LLC acquired a new position in TRI Pointe Group during the third quarter worth $197,000. Maltese Capital Management LLC acquired a new position in TRI Pointe Group during the third quarter worth $5,662,000. Stifel Financial Corp raised its position in TRI Pointe Group by 8.0% during the third quarter. Stifel Financial Corp now owns 368,470 shares of the construction company’s stock worth $5,067,000 after acquiring an additional 27,217 shares during the period. Finally, Thornburg Investment Management Inc. raised its position in TRI Pointe Group by 1.3% during the third quarter. Thornburg Investment Management Inc. now owns 3,009,911 shares of the construction company’s stock worth $41,567,000 after acquiring an additional 38,264 shares during the period.

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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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Analyst Recommendations for TRI Pointe Group (NYSE:TPH)

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