TRI Pointe Group (NYSE:TPH) Downgraded by TheStreet to C+

TheStreet lowered shares of TRI Pointe Group (NYSE:TPH) from a b- rating to a c+ rating in a research note issued to investors on Monday morning, TheStreetRatingsTable reports.

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

NYSE:TPH opened at $12.74 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average price of $12.28. TRI Pointe Group has a 1 year low of $10.37 and a 1 year high of $17.27. The stock has a market capitalization of $1.79 billion, a P/E ratio of 6.71, a P/E/G ratio of 0.97 and a beta of 1.23.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in TRI Pointe Group during the fourth quarter worth about $17,789,000. Bank of America Corp DE grew its position in TRI Pointe Group by 20.5% during the fourth quarter. Bank of America Corp DE now owns 1,496,585 shares of the construction company’s stock worth $16,357,000 after buying an additional 254,693 shares in the last quarter. LSV Asset Management grew its position in TRI Pointe Group by 2.9% during the first quarter. LSV Asset Management now owns 1,290,400 shares of the construction company’s stock worth $16,310,000 after buying an additional 36,000 shares in the last quarter. Pictet Asset Management Ltd. grew its position in TRI Pointe Group by 8.4% during the first quarter. Pictet Asset Management Ltd. now owns 802,117 shares of the construction company’s stock worth $10,139,000 after buying an additional 62,387 shares in the last quarter. Finally, South Dakota Investment Council grew its position in TRI Pointe Group by 0.3% during the first quarter. South Dakota Investment Council now owns 495,550 shares of the construction company’s stock worth $6,264,000 after buying an additional 1,550 shares in 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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