TRI Pointe Group (TPH) Receives “Neutral” Rating from Susquehanna Bancshares

Susquehanna Bancshares reiterated their neutral rating on shares of TRI Pointe Group (NYSE:TPH) in a report released on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a $14.00 target price on the construction company’s stock, down from their prior target price of $16.00.

A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded TRI Pointe Group from a hold rating to a strong sell rating in a research note on Saturday, March 2nd. Evercore ISI downgraded TRI Pointe Group from an in-line rating to an underperform rating in a research note on Thursday, February 28th. Wedbush reaffirmed a neutral rating and issued a $11.00 target price on shares of TRI Pointe Group in a research note on Wednesday, February 27th. JMP Securities raised their target price on TRI Pointe Group from $14.00 to $15.00 and gave the stock a market outperform rating in a research note on Wednesday, February 27th. Finally, TheStreet raised TRI Pointe Group from a c+ rating to a b- rating in a research note on Monday, February 4th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $15.78.

NYSE TPH opened at $14.23 on Wednesday. TRI Pointe Group has a one year low of $10.37 and a one year high of $18.48. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $2.02 billion, a P/E ratio of 7.49, a PEG ratio of 1.07 and a beta of 1.36.

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

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in shares of TRI Pointe Group by 4.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,840,300 shares of the construction company’s stock worth $35,221,000 after purchasing an additional 120,053 shares during the last quarter. AQR Capital Management LLC increased its position in shares of TRI Pointe Group by 34.1% during the 3rd quarter. AQR Capital Management LLC now owns 190,045 shares of the construction company’s stock worth $2,357,000 after purchasing an additional 48,327 shares during the last quarter. Jane Street Group LLC increased its position in shares of TRI Pointe Group by 44.7% during the 3rd quarter. Jane Street Group LLC now owns 16,329 shares of the construction company’s stock worth $202,000 after purchasing an additional 5,044 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of TRI Pointe Group during the 4th quarter worth about $428,000. Finally, Legal & General Group Plc increased its position in shares of TRI Pointe Group by 20.1% during the 4th quarter. Legal & General Group Plc now owns 177,746 shares of the construction company’s stock worth $1,943,000 after purchasing an additional 29,786 shares during the last quarter.

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 6 brands across 10 states, including Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, 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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