TRI Pointe Group Inc (TPH) Lowered to “Hold” at ValuEngine

TRI Pointe Group Inc (TPH) Lowered to “Hold” at ValuEngine

TRI Pointe Group Inc (NYSE:TPH) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

TPH has been the subject of several other research reports. Zacks Investment Research upgraded TRI Pointe Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Barclays PLC reiterated an “overweight” rating and issued a $14.00 target price on shares of TRI Pointe Group in a report on Tuesday, March 7th. FBR & Co reiterated an “outperform” rating and issued a $16.00 target price on shares of TRI Pointe Group in a report on Thursday, February 23rd. BTIG Research initiated coverage on TRI Pointe Group in a report on Tuesday, February 7th. They issued a “sell” rating and a $10.00 target price for the company. Finally, Deutsche Bank AG cut TRI Pointe Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $17.00 to $13.00 in a report on Monday, February 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. TRI Pointe Group has an average rating of “Hold” and a consensus target price of $14.38.

Shares of TRI Pointe Group (NYSE:TPH) traded up 0.88% during mid-day trading on Friday, reaching $12.61. 2,303,701 shares of the company were exchanged. TRI Pointe Group has a 12 month low of $10.35 and a 12 month high of $14.20. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 11.64 and a beta of 1.73. The firm’s 50-day moving average is $12.45 and its 200-day moving average is $12.24.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Wednesday, April 26th. The construction company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.03. The firm had revenue of $392 million for the quarter, compared to analysts’ expectations of $364.07 million. TRI Pointe Group had a net margin of 8.87% and a return on equity of 12.73%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 EPS. On average, equities analysts forecast that TRI Pointe Group will post $1.29 earnings per share for the current fiscal year.

In related news, Director Barry S. Sternlicht sold 11,985,905 shares of the business’s stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $12.76, for a total transaction of $152,940,147.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.40% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of TPH. Shufro Rose & Co. LLC boosted its position in TRI Pointe Group by 1.7% in the third quarter. Shufro Rose & Co. LLC now owns 716,050 shares of the construction company’s stock worth $9,438,000 after buying an additional 12,300 shares during the last quarter. Northern Trust Corp boosted its position in TRI Pointe Group by 0.8% in the third quarter. Northern Trust Corp now owns 2,378,046 shares of the construction company’s stock worth $31,342,000 after buying an additional 19,056 shares during the last quarter. GRS Advisors LLC boosted its position in TRI Pointe Group by 64.3% in the third quarter. GRS Advisors LLC now owns 1,584,200 shares of the construction company’s stock worth $20,880,000 after buying an additional 619,900 shares during the last quarter. Hsbc Holdings PLC boosted its position in TRI Pointe Group by 0.3% in the third quarter. Hsbc Holdings PLC now owns 28,320 shares of the construction company’s stock worth $373,000 after buying an additional 96 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in TRI Pointe Group during the third quarter worth about $702,000. Institutional investors own 97.78% of the company’s stock.

About TRI Pointe Group

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TPH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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