TRI Pointe Group, Inc. (TPH) Rating Increased to B- at TheStreet
TRI Pointe Group, Inc. (NYSE:TPH) was upgraded by research analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued to clients and investors on Monday, July 10th.
Other research analysts also recently issued reports about the company. BidaskClub raised TRI Pointe Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. ValuEngine downgraded TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Barclays PLC downgraded TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective for the company. in a research note on Tuesday, July 11th. Zacks Investment Research downgraded TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $16.00 target price on shares of TRI Pointe Group in a research note on Sunday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $14.38.
TRI Pointe Group (TPH) traded up 0.52% on Monday, hitting $13.66. 896,525 shares of the company were exchanged. The stock has a market capitalization of $2.17 billion, a P/E ratio of 12.61 and a beta of 1.65. The stock’s 50-day moving average price is $12.57 and its 200-day moving average price is $12.34. TRI Pointe Group has a 52-week low of $10.35 and a 52-week high of $14.20.
TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings data on Wednesday, April 26th. The construction company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.03. TRI Pointe Group had a net margin of 7.38% and a return on equity of 9.60%. The firm had revenue of $392 million during the quarter, compared to analyst estimates of $364.07 million. During the same period in the prior year, the company posted $0.18 earnings per share. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that TRI Pointe Group will post $1.29 earnings per share for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in TPH. BlackRock Inc. increased its position in TRI Pointe Group by 19,738.7% in the first quarter. BlackRock Inc. now owns 18,584,658 shares of the construction company’s stock worth $233,053,000 after buying an additional 18,490,979 shares during the last quarter. Greenhaven Associates Inc. acquired a new position in TRI Pointe Group during the fourth quarter worth about $56,539,000. Hotchkis & Wiley Capital Management LLC increased its position in TRI Pointe Group by 53.6% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 12,665,152 shares of the construction company’s stock worth $145,396,000 after buying an additional 4,420,297 shares during the last quarter. Omega Advisors Inc. acquired a new position in TRI Pointe Group during the first quarter worth about $45,834,000. Finally, Wellington Management Group LLP acquired a new position in TRI Pointe Group during the first quarter worth about $31,284,000.
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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