TRI Pointe Group Inc (TPH) Receives $16.25 Consensus Target Price from Analysts

Shares of TRI Pointe Group Inc (NYSE:TPH) have been given an average recommendation of “Hold” by the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.25.

TPH has been the topic of several analyst reports. TheStreet upgraded shares of TRI Pointe Group from a “c+” rating to a “b-” rating in a report on Monday, February 4th. Zacks Investment Research upgraded shares of TRI Pointe Group from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd. JMP Securities increased their price objective on shares of TRI Pointe Group from $14.00 to $15.00 and gave the company a “market outperform” rating in a report on Wednesday, February 27th. Wedbush restated a “neutral” rating and issued a $11.00 price objective on shares of TRI Pointe Group in a report on Wednesday, February 27th. Finally, Evercore ISI lowered shares of TRI Pointe Group from an “in-line” rating to an “underperform” rating in a report on Thursday, February 28th.

Large investors have recently modified their holdings of the business. Dupont Capital Management Corp bought a new stake in TRI Pointe Group in the fourth quarter valued at approximately $98,000. Cerebellum GP LLC bought a new stake in TRI Pointe Group in the fourth quarter valued at approximately $113,000. Two Sigma Securities LLC bought a new stake in TRI Pointe Group in the fourth quarter valued at approximately $119,000. Tower Research Capital LLC TRC increased its stake in TRI Pointe Group by 127.5% in the third quarter. Tower Research Capital LLC TRC now owns 11,878 shares of the construction company’s stock valued at $147,000 after purchasing an additional 6,656 shares in the last quarter. Finally, Alambic Investment Management L.P. bought a new stake in TRI Pointe Group in the third quarter valued at approximately $180,000.

Shares of TPH stock opened at $12.64 on Wednesday. TRI Pointe Group has a 1 year low of $10.37 and a 1 year high of $18.48. The company has a market cap of $1.86 billion, a PE ratio of 6.65, a P/E/G ratio of 1.02 and a beta of 1.37. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.69.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings data on Tuesday, February 26th. The construction company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.05. TRI Pointe Group had a net margin of 8.28% and a return on equity of 14.15%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the business posted $0.70 earnings per share. TRI Pointe Group’s revenue was down .2% compared to the same quarter last year. Research analysts predict that TRI Pointe Group will post 1.29 EPS 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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