Zacks Investment Research upgraded shares of TRI Pointe Group (NYSE:TPH) from a sell rating to a hold rating in a research note published on Thursday morning.

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. “

Other analysts have also issued research reports about the company. TheStreet upgraded TRI Pointe Group from a c+ rating to a b- rating in a report on Monday, February 4th. B. Riley decreased their price objective on TRI Pointe Group from $19.00 to $15.00 and set a buy rating for the company in a report on Thursday, October 25th. JMP Securities set a $14.00 price objective on TRI Pointe Group and gave the company a buy rating in a report on Thursday, October 25th. Wedbush set a $11.00 price objective on TRI Pointe Group and gave the company a hold rating in a report on Thursday, October 25th. Finally, ValuEngine upgraded TRI Pointe Group from a strong sell rating to a sell rating in a report on Wednesday, November 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. TRI Pointe Group presently has a consensus rating of Hold and an average target price of $16.44.

Shares of TPH traded up $0.06 during midday trading on Thursday, hitting $13.14. 811,004 shares of the company’s stock traded hands, compared to its average volume of 1,585,789. TRI Pointe Group has a 1 year low of $10.37 and a 1 year high of $18.48. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.72. The firm has a market cap of $1.86 billion, a PE ratio of 9.25, a P/E/G ratio of 0.78 and a beta of 1.39.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of TRI Pointe Group by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 13,513,331 shares of the construction company’s stock valued at $167,564,000 after acquiring an additional 362,468 shares during the period. Vanguard Group Inc increased its position in shares of TRI Pointe Group by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 13,513,331 shares of the construction company’s stock valued at $167,564,000 after acquiring an additional 362,468 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of TRI Pointe Group by 97.0% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 4,277,661 shares of the construction company’s stock valued at $53,043,000 after acquiring an additional 2,106,474 shares during the period. JPMorgan Chase & Co. increased its position in shares of TRI Pointe Group by 38.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,358,355 shares of the construction company’s stock valued at $41,643,000 after acquiring an additional 936,226 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of TRI Pointe Group by 4.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,840,300 shares of the construction company’s stock valued at $35,221,000 after acquiring an additional 120,053 shares during the period.

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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