TRI Pointe Group Inc (TPH) Given Consensus Recommendation of “Hold” by Analysts

TRI Pointe Group Inc (NYSE:TPH) has been assigned an average rating of “Hold” from the sixteen analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $16.67.

A number of brokerages have issued reports on TPH. Wedbush reiterated an “outperform” rating on shares of TRI Pointe Group in a research report on Friday, July 20th. ValuEngine lowered TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. B. Riley cut their price objective on TRI Pointe Group from $23.00 to $19.00 and set a “buy” rating for the company in a report on Monday, July 30th. Buckingham Research cut their price objective on TRI Pointe Group from $22.00 to $20.00 and set a “buy” rating for the company in a report on Monday, July 30th. Finally, Wells Fargo & Co cut their price objective on TRI Pointe Group from $20.00 to $16.00 and set a “market perform” rating for the company in a report on Monday, July 30th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning lifted its holdings in shares of TRI Pointe Group by 12.2% during the second quarter. Creative Planning now owns 29,591 shares of the construction company’s stock valued at $484,000 after purchasing an additional 3,209 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of TRI Pointe Group by 11.7% during the second quarter. State Board of Administration of Florida Retirement System now owns 34,033 shares of the construction company’s stock valued at $557,000 after purchasing an additional 3,571 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of TRI Pointe Group by 108.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,504 shares of the construction company’s stock valued at $123,000 after purchasing an additional 3,909 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of TRI Pointe Group by 5.4% during the third quarter. Aperio Group LLC now owns 90,631 shares of the construction company’s stock valued at $1,124,000 after purchasing an additional 4,669 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of TRI Pointe Group by 0.6% during the second quarter. Fisher Asset Management LLC now owns 895,981 shares of the construction company’s stock valued at $14,658,000 after purchasing an additional 5,206 shares during the last quarter.



TPH traded up $0.48 during trading on Friday, reaching $11.51. 3,673,812 shares of the company were exchanged, compared to its average volume of 2,768,247. The company has a market cap of $1.64 billion, a P/E ratio of 8.11, a PEG ratio of 0.57 and a beta of 1.51. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.34 and a quick ratio of 0.77. TRI Pointe Group has a 52 week low of $10.55 and a 52 week high of $19.55.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings data on Wednesday, October 24th. The construction company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.04. TRI Pointe Group had a return on equity of 14.09% and a net margin of 7.51%. The firm had revenue of $771.80 million during the quarter, compared to the consensus estimate of $768.01 million. During the same period in the prior year, the business earned $0.48 EPS. The firm’s revenue was up 19.0% on a year-over-year basis. As a group, research analysts anticipate that TRI Pointe Group will post 1.76 earnings per share for the current year.

About TRI Pointe Group

TRI Pointe Group, Inc engages in the design, construction, and sale of single-family detached and attached homes in the United States. It operates a portfolio of six brands across eight states, including 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.

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Analyst Recommendations for TRI Pointe Group (NYSE:TPH)

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