TRI Pointe Group (TPH) Rating Increased to Overweight at Barclays

TRI Pointe Group (NYSE:TPH) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a note issued to investors on Friday, Marketbeat reports. The brokerage presently has a $21.00 price objective on the construction company’s stock, up from their prior price objective of $17.00. Barclays’ price objective points to a potential upside of 8.14% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. ValuEngine upgraded shares of TRI Pointe Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Wedbush lifted their price target on shares of TRI Pointe Group from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, December 29th. B. Riley reiterated a “buy” rating on shares of TRI Pointe Group in a report on Wednesday, November 1st. FBR & Co reiterated a “buy” rating and issued a $20.00 price target on shares of TRI Pointe Group in a report on Thursday, October 26th. Finally, Gabelli lifted their price target on shares of TRI Pointe Group from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. TRI Pointe Group has an average rating of “Buy” and an average target price of $18.22.

TRI Pointe Group (NYSE:TPH) opened at $19.42 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.43 and a current ratio of 0.43. TRI Pointe Group has a one year low of $11.31 and a one year high of $19.55. The firm has a market cap of $2,921.39, a price-to-earnings ratio of 17.65, a P/E/G ratio of 1.06 and a beta of 1.74.

TRI Pointe Group (NYSE:TPH) last released its earnings results on Wednesday, October 25th. The construction company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The company had revenue of $717.40 million for the quarter, compared to analysts’ expectations of $706.65 million. During the same quarter in the previous year, the company earned $0.22 EPS. TRI Pointe Group’s revenue for the quarter was up 24.0% on a year-over-year basis. research analysts expect that TRI Pointe Group will post 1.37 earnings per share for the current year.

In other news, insider Thomas J. Mitchell sold 150,822 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $18.83, for a total value of $2,839,978.26. Following the sale, the insider now directly owns 274,312 shares in the company, valued at approximately $5,165,294.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $258,276.50. Following the completion of the sale, the vice president now owns 49,070 shares in the company, valued at $860,687.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,139,281 shares of company stock worth $19,304,905. 2.20% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of TPH. Shelton Capital Management bought a new stake in shares of TRI Pointe Group in the 2nd quarter worth about $146,000. Riverhead Capital Management LLC increased its holdings in shares of TRI Pointe Group by 89.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 12,720 shares of the construction company’s stock worth $168,000 after buying an additional 6,020 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of TRI Pointe Group in the 3rd quarter worth about $197,000. Quantitative Systematic Strategies LLC bought a new stake in shares of TRI Pointe Group in the 3rd quarter worth about $202,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of TRI Pointe Group in the 2nd quarter worth about $232,000.

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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.

Analyst Recommendations for TRI Pointe Group (NYSE:TPH)