TRI Pointe Group Inc (NYSE:TPH) Receives Consensus Rating of “Hold” from Analysts

TRI Pointe Group Inc (NYSE:TPH) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $15.38.

A number of analysts have recently commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $11.00 price target on shares of TRI Pointe Group in a research note on Monday, April 8th. ValuEngine cut TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 1st. Zacks Investment Research raised TRI Pointe Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Susquehanna Bancshares reaffirmed a “neutral” rating and issued a $14.00 price target (down from $16.00) on shares of TRI Pointe Group in a research note on Wednesday, April 17th. Finally, JMP Securities upped their price target on TRI Pointe Group from $14.00 to $15.00 and gave the company a “market outperform” rating in a research note on Wednesday, February 27th.

Shares of TPH stock traded down $0.46 on Monday, reaching $12.15. The company had a trading volume of 51,976 shares, compared to its average volume of 1,261,847. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $1.77 billion, a PE ratio of 6.46, a PEG ratio of 0.99 and a beta of 1.33. The stock’s 50-day simple moving average is $13.05. TRI Pointe Group has a 12 month low of $10.37 and a 12 month high of $17.44.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $492.70 million during the quarter, compared to analysts’ expectations of $467.11 million. TRI Pointe Group had a return on equity of 11.87% and a net margin of 7.16%. TRI Pointe Group’s revenue was down 15.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 EPS. Analysts anticipate that TRI Pointe Group will post 1.27 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its stake in shares of TRI Pointe Group by 0.7% in the third quarter. Morgan Stanley now owns 736,837 shares of the construction company’s stock worth $9,136,000 after acquiring an additional 5,209 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in shares of TRI Pointe Group by 69.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 40,155 shares of the construction company’s stock worth $439,000 after acquiring an additional 16,400 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of TRI Pointe Group by 24.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 32,820 shares of the construction company’s stock worth $359,000 after acquiring an additional 6,500 shares in the last quarter. Rhumbline Advisers grew its stake in shares of TRI Pointe Group by 41.8% in the fourth quarter. Rhumbline Advisers now owns 432,199 shares of the construction company’s stock worth $4,724,000 after acquiring an additional 127,394 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new position in shares of TRI Pointe Group in the fourth quarter worth $98,000.

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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