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.
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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