Several brokerages have updated their recommendations and price targets on shares of TRI Pointe Group (NYSE: TPH) in the last few weeks:

  • 10/26/2017 – TRI Pointe Group was upgraded by analysts at BTIG Research from a “sell” rating to a “neutral” rating. They now have a $15.00 price target on the stock.
  • 10/26/2017 – TRI Pointe Group had its price target raised by analysts at JMP Securities from $16.00 to $18.00. They now have a “market outperform” rating on the stock.
  • 10/26/2017 – TRI Pointe Group had its price target raised by analysts at Gabelli from $19.00 to $20.00. They now have a “buy” rating on the stock.
  • 10/26/2017 – TRI Pointe Group was given a new $17.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 10/26/2017 – TRI Pointe Group had its “buy” rating reaffirmed by analysts at FBR & Co. They now have a $20.00 price target on the stock. They wrote, “On the morning of October 25, TRI Pointe Group, Inc. announced 3Q17 results, which were mostly in line with our expectations and included homebuilding revenue growth of 12% YOY , homebuilding gross margin of 19.5%, and EPS of $0.48 (versus FBR at $0.49). Most notable in the quarter was the significant improvement in new orders and backlog, providing improved visibility into 4Q17 and beyond and the catalyst to a +6% move in the stock price the day of earnings. We are adjusting our estimates and raising our price target from $16 to $20.””
  • 10/24/2017 – TRI Pointe Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $19.00 price target on the 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. “
  • 10/20/2017 – TRI Pointe Group had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $16.00 price target on the stock, down previously from $18.00.
  • 10/18/2017 – TRI Pointe Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 10/2/2017 – TRI Pointe Group was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

TRI Pointe Group (NYSE:TPH) last posted 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. TRI Pointe Group had a return on equity of 9.32% and a net margin of 6.97%. The company had revenue of $717.40 million for the quarter, compared to the consensus estimate of $706.65 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The company’s revenue for the quarter was up 24.0% on a year-over-year basis.

In other TRI Pointe Group news, CEO Douglas F. Bauer sold 42,294 shares of TRI Pointe Group stock in a transaction on Monday, October 30th. The stock was sold at an average price of $17.54, for a total value of $741,836.76. Following the sale, the chief executive officer now owns 289,313 shares in the company, valued at $5,074,550.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael D. Grubbs sold 250,000 shares of TRI Pointe Group stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $17.54, for a total value of $4,385,000.00. Following the completion of the sale, the chief financial officer now owns 163,828 shares in the company, valued at approximately $2,873,543.12. The disclosure for this sale can be found here. Insiders sold 898,734 shares of company stock worth $14,853,650 in the last 90 days. Company insiders own 9.40% of the company’s stock.

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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