Zacks Investment Research Lowers TRI Pointe Group (TPH) to Hold

TRI Pointe Group (NYSE:TPH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday. They presently have a $20.00 target price on the construction company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 5.10% from the company’s previous close.

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 recently issued reports about the company. Wedbush reissued an “outperform” rating and issued a $16.00 price target (down from $18.00) on shares of TRI Pointe Group in a report on Friday, October 20th. BTIG Research raised TRI Pointe Group from a “sell” rating to a “neutral” rating and set a $15.00 price objective for the company in a report on Thursday, October 26th. Barclays set a $17.00 price objective on TRI Pointe Group and gave the stock a “hold” rating in a report on Thursday, October 26th. ValuEngine raised TRI Pointe Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Gabelli boosted their price target on TRI Pointe Group from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.11.

TRI Pointe Group (TPH) traded down $0.06 during trading hours on Friday, reaching $19.03. The company had a trading volume of 2,141,300 shares, compared to its average volume of 2,527,900. The stock has a market cap of $2,890.00, a P/E ratio of 17.30, a PEG ratio of 1.07 and a beta of 1.74. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.80. TRI Pointe Group has a 12-month low of $11.31 and a 12-month high of $19.28.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $717.40 million for the quarter, compared to the consensus estimate of $706.65 million. During the same quarter last year, the business posted $0.22 EPS. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. equities research analysts predict that TRI Pointe Group will post 1.37 EPS for the current fiscal year.

In other news, VP Bradley William Blank sold 14,725 shares of TRI Pointe Group stock in a transaction on Monday, November 6th. The stock was sold at an average price of $17.54, for a total value of $258,276.50. Following the completion of the sale, the vice president now owns 49,070 shares of the company’s stock, valued at $860,687.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas F. Bauer sold 75,000 shares of TRI Pointe Group stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $1,353,000.00. Following the completion of the sale, the chief executive officer now directly owns 289,313 shares of the company’s stock, valued at approximately $5,219,206.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,139,281 shares of company stock valued at $19,304,905. Company insiders own 2.20% of the company’s stock.

Large investors have recently made changes to their positions in the company. Shelton Capital Management purchased a new stake in TRI Pointe Group during the second quarter valued at about $146,000. Riverhead Capital Management LLC grew its position in TRI Pointe Group by 89.9% during the second quarter. Riverhead Capital Management LLC now owns 12,720 shares of the construction company’s stock valued at $168,000 after acquiring an additional 6,020 shares during the period. Virtu Financial LLC purchased a new stake in TRI Pointe Group during the third quarter valued at about $197,000. Quantitative Systematic Strategies LLC purchased a new stake in TRI Pointe Group during the third quarter valued at about $202,000. Finally, Marshall Wace North America L.P. purchased a new stake in TRI Pointe Group during the second quarter valued at about $232,000.

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About TRI Pointe Group

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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