TRI Pointe Group, Inc. (NYSE:TPH) has been assigned a consensus recommendation of “Hold” from the thirteen analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $17.00.

A number of equities analysts recently issued reports on the stock. FBR & Co reissued a “buy” rating and issued a $20.00 price objective on shares of TRI Pointe Group in a report on Thursday, October 26th. 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. Zacks Investment Research raised shares of TRI Pointe Group from a “sell” rating to a “hold” rating and set a $19.00 price objective on the stock in a report on Tuesday, October 24th. Gabelli raised their price objective on shares of TRI Pointe Group from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Wedbush reissued an “outperform” rating and issued a $16.00 price objective (down previously from $18.00) on shares of TRI Pointe Group in a report on Friday, October 20th.

In other TRI Pointe Group news, insider Thomas J. Mitchell sold 291,039 shares of TRI Pointe Group stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $17.04, for a total transaction of $4,959,304.56. Following the transaction, the insider now owns 274,312 shares of the company’s stock, valued at $4,674,276.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Glenn J. Keeler sold 15,401 shares of TRI Pointe Group stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $16.98, for a total transaction of $261,508.98. Following the transaction, the vice president now directly owns 36,399 shares in the company, valued at approximately $618,055.02. The disclosure for this sale can be found here. In the last three months, insiders sold 913,459 shares of company stock worth $15,111,927. 2.20% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of TPH. Renaissance Technologies LLC purchased a new position in TRI Pointe Group during the first quarter valued at approximately $1,276,000. LS Investment Advisors LLC lifted its holdings in shares of TRI Pointe Group by 33.4% in the second quarter. LS Investment Advisors LLC now owns 13,083 shares of the construction company’s stock worth $173,000 after buying an additional 3,276 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of TRI Pointe Group by 1.6% in the second quarter. Nisa Investment Advisors LLC now owns 42,022 shares of the construction company’s stock worth $548,000 after buying an additional 650 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of TRI Pointe Group by 3.5% in the second quarter. Louisiana State Employees Retirement System now owns 41,500 shares of the construction company’s stock worth $547,000 after buying an additional 1,400 shares in the last quarter. Finally, Aperio Group LLC lifted its holdings in shares of TRI Pointe Group by 31.8% in the second quarter. Aperio Group LLC now owns 75,464 shares of the construction company’s stock worth $995,000 after buying an additional 18,228 shares in the last quarter.

Shares of TRI Pointe Group (NYSE TPH) traded up $0.42 during mid-day trading on Thursday, hitting $17.29. 2,124,067 shares of the stock were exchanged, compared to its average volume of 1,935,963. TRI Pointe Group has a 52-week low of $11.31 and a 52-week high of $18.44. The company has a market capitalization of $2,584.43, a price-to-earnings ratio of 15.62, a PEG ratio of 1.15 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 (NYSE:TPH) last announced its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $717.40 million during the quarter, compared to analyst estimates 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 previous year, the business posted $0.22 earnings per share. sell-side analysts forecast that TRI Pointe Group will post 1.36 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “TRI Pointe Group, Inc. (TPH) Receives Average Recommendation of “Hold” from Brokerages” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/12/07/tri-pointe-group-inc-tph-receives-average-recommendation-of-hold-from-brokerages.html.

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.

Analyst Recommendations for TRI Pointe Group (NYSE:TPH)

Receive News & Ratings for TRI Pointe Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRI Pointe Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.