TRI Pointe Group (NYSE:TPH) Stock Passes Below Fifty Day Moving Average of $12.34

TRI Pointe Group Inc (NYSE:TPH) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $12.34 and traded as low as $12.33. TRI Pointe Group shares last traded at $12.61, with a volume of 32,033 shares traded.

Several research analysts recently commented on TPH shares. Wedbush set a $269.00 target price on shares of United Therapeutics and gave the stock a “buy” rating in a report on Monday, April 8th. Zacks Investment Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, June 27th. ValuEngine cut shares of Zuora from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Finally, Susquehanna Bancshares started coverage on shares of Dow Chemical in a report on Wednesday, April 17th. They set a “positive” rating for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.11.

The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.54 and a current ratio of 0.54. The business has a fifty day simple moving average of $12.34. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 6.62, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. TRI Pointe Group had a net margin of 7.16% and a return on equity of 11.87%. The firm had revenue of $492.70 million for the quarter, compared to analyst estimates of $467.11 million. During the same period in the prior year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was down 15.4% compared to the same quarter last year. As a group, equities analysts expect that TRI Pointe Group Inc will post 1.27 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of TPH. State of Alaska Department of Revenue bought a new stake in TRI Pointe Group during the first quarter worth $33,000. Penserra Capital Management LLC bought a new stake in TRI Pointe Group during the first quarter worth $56,000. Quadrant Capital Group LLC raised its position in TRI Pointe Group by 438.9% during the first quarter. Quadrant Capital Group LLC now owns 4,979 shares of the construction company’s stock worth $61,000 after acquiring an additional 4,055 shares in the last quarter. Truvestments Capital LLC bought a new stake in TRI Pointe Group during the first quarter worth $109,000. Finally, Two Sigma Securities LLC bought a new stake in TRI Pointe Group during the fourth quarter worth $119,000.

TRI Pointe Group Company Profile (NYSE:TPH)

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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