ValuEngine Upgrades TRI Pointe Group (TPH) to Strong-Buy

TRI Pointe Group (NYSE:TPH) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

TPH has been the subject of a number of other research reports. FBR & Co restated a “buy” rating and set a $20.00 price objective on shares of TRI Pointe Group in a report on Thursday, October 26th. BTIG Research upgraded 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. Zacks Investment Research upgraded TRI Pointe Group from a “sell” rating to a “hold” rating and set a $19.00 price objective for the company in a report on Tuesday, October 24th. Gabelli boosted their price objective on 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 restated an “outperform” rating and set a $16.00 price objective (down previously from $18.00) on shares of TRI Pointe Group in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $18.22.

Shares of TRI Pointe Group (TPH) traded down $0.57 during trading hours on Friday, hitting $16.25. The stock had a trading volume of 2,345,684 shares, compared to its average volume of 1,568,453. TRI Pointe Group has a 12 month low of $11.74 and a 12 month high of $19.55. The company has a market capitalization of $2,444.52, a PE ratio of 14.77, a PEG ratio of 0.84 and a beta of 1.57. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.80.

In related news, VP Bradley William Blank sold 14,725 shares of the business’s stock in a transaction that occurred 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 directly owns 49,070 shares in the company, valued at $860,687.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas F. Bauer sold 75,000 shares of the business’s stock in a transaction that occurred 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 owns 289,313 shares of the company’s stock, valued at $5,219,206.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 240,547 shares of company stock valued at $4,451,255. 2.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. boosted its stake in shares of 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 buying an additional 704 shares during the period. Alliancebernstein L.P. lifted its stake in TRI Pointe Group by 0.4% during the second quarter. Alliancebernstein L.P. now owns 216,508 shares of the construction company’s stock worth $2,856,000 after purchasing an additional 788 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in TRI Pointe Group by 3.9% during the second quarter. Thrivent Financial For Lutherans now owns 32,050 shares of the construction company’s stock worth $423,000 after purchasing an additional 1,190 shares during the last quarter. Amalgamated Bank lifted its stake in TRI Pointe Group by 7.0% during the second quarter. Amalgamated Bank now owns 22,394 shares of the construction company’s stock worth $295,000 after purchasing an additional 1,468 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in TRI Pointe Group by 5.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 56,137 shares of the construction company’s stock worth $775,000 after purchasing an additional 3,054 shares during the last quarter.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for TRI Pointe Group (NYSE:TPH)

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