TRI Pointe Group (TPH) PT Set at $14.00 by JMP Securities

JMP Securities set a $14.00 price objective on TRI Pointe Group (NYSE:TPH) in a research report report published on Thursday. The firm currently has a buy rating on the construction company’s stock.

Several other analysts have also issued reports on TPH. Royal Bank of Canada started coverage on shares of TRI Pointe Group in a research report on Wednesday, June 27th. They set a sector perform rating on the stock. ValuEngine lowered shares of TRI Pointe Group from a buy rating to a hold rating in a research report on Monday, July 2nd. Wedbush reaffirmed an outperform rating on shares of TRI Pointe Group in a research report on Friday, July 20th. Citigroup dropped their price target on shares of TRI Pointe Group from $18.00 to $16.00 and set a hold rating on the stock in a research report on Monday, July 30th. Finally, Buckingham Research dropped their price target on shares of TRI Pointe Group from $22.00 to $20.00 and set a buy rating on the stock in a research report on Monday, July 30th. 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 stock. TRI Pointe Group presently has a consensus rating of Hold and an average target price of $16.90.

Shares of TPH opened at $11.51 on Thursday. TRI Pointe Group has a 12 month low of $10.55 and a 12 month high of $19.55. The firm has a market cap of $1.64 billion, a P/E ratio of 8.11, a price-to-earnings-growth ratio of 0.57 and a beta of 1.51. The company has a quick ratio of 0.77, a current ratio of 0.34 and a debt-to-equity ratio of 0.72.



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

Several institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning raised its position in shares of TRI Pointe Group by 12.2% in 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 period. State Board of Administration of Florida Retirement System raised its position in shares of TRI Pointe Group by 11.7% in 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 period. PNC Financial Services Group Inc. raised its position in shares of TRI Pointe Group by 108.7% in 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 period. Aperio Group LLC raised its position in shares of TRI Pointe Group by 5.4% in 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 period. Finally, Fisher Asset Management LLC raised its position in shares of TRI Pointe Group by 0.6% in 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 period.

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.

Featured Story: Hedge Funds – Risk or Reward?

Analyst Recommendations for TRI Pointe Group (NYSE:TPH)

Receive News & Ratings for TRI Pointe Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRI Pointe Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply