TRI Pointe Group Target of Unusually High Options Trading (TPH)

TRI Pointe Group Inc (NYSE:TPH) was the recipient of unusually large options trading on Thursday. Stock investors bought 2,259 call options on the stock. This is an increase of approximately 1,030% compared to the typical volume of 200 call options.

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded TRI Pointe Group from a “sell” rating to a “hold” rating and set a $19.00 price target on the stock in a report on Tuesday, October 24th. Wedbush boosted their price target on TRI Pointe Group from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, December 29th. ValuEngine upgraded TRI Pointe Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Barclays upgraded TRI Pointe Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $17.00 to $21.00 in a report on Friday, January 5th. Finally, BTIG Research upgraded TRI Pointe Group from a “sell” rating to a “neutral” rating and set a $15.00 price target on the stock in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $18.22.

In other TRI Pointe Group news, CEO Douglas F. Bauer sold 42,294 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $17.54, for a total transaction of $741,836.76. Following the completion of the transaction, the chief executive officer now owns 289,313 shares of the company’s stock, valued at $5,074,550.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Bradley William Blank sold 14,725 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $17.54, for a total value of $258,276.50. Following the transaction, the vice president now directly owns 49,070 shares of the company’s stock, valued at approximately $860,687.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 532,841 shares of company stock valued at $9,578,092. Insiders own 2.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. boosted its holdings in TRI Pointe Group by 0.8% in the second quarter. UBS Asset Management Americas Inc. now owns 86,501 shares of the construction company’s stock valued at $1,141,000 after acquiring an additional 704 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in TRI Pointe Group by 0.4% in the second quarter. Alliancebernstein L.P. now owns 216,508 shares of the construction company’s stock valued at $2,856,000 after acquiring an additional 788 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in TRI Pointe Group by 3.9% in the second quarter. Thrivent Financial For Lutherans now owns 32,050 shares of the construction company’s stock valued at $423,000 after acquiring an additional 1,190 shares during the last quarter. Amalgamated Bank boosted its holdings in TRI Pointe Group by 7.0% in the second quarter. Amalgamated Bank now owns 22,394 shares of the construction company’s stock valued at $295,000 after acquiring an additional 1,468 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in TRI Pointe Group by 5.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 56,137 shares of the construction company’s stock valued at $775,000 after acquiring an additional 3,054 shares during the last quarter.

Shares of TRI Pointe Group (NYSE TPH) opened at $17.94 on Friday. TRI Pointe Group has a twelve month low of $11.74 and a twelve month high of $19.55. The company has a market capitalization of $2,740.88, a P/E ratio of 16.31, a P/E/G ratio of 0.95 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 (NYSE:TPH) last announced its earnings results on Wednesday, October 25th. The construction company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $717.40 million for the quarter, compared to analysts’ expectations of $706.65 million. During the same period in the prior year, the business posted $0.22 earnings per share. The firm’s revenue was up 24.0% on a year-over-year basis. equities analysts predict that TRI Pointe Group will post 1.37 EPS for the current fiscal year.

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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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