TRI Pointe Group Inc (TPH) Shares Rating Lowered by ValuEngine

TRI Pointe Group Inc (TPH) Shares Rating Lowered by ValuEngine

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

A number of other equities research analysts have also recently commented on the stock. Wedbush lowered their price objective on shares of TRI Pointe Group from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 21st. Zacks Investment Research cut shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Deutsche Bank AG cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $17.00 to $13.00 in a research note on Monday, February 27th. BTIG Research began coverage on shares of TRI Pointe Group in a research note on Tuesday, February 7th. They set a “sell” rating and a $10.00 price target on the stock. Finally, FBR & Co reaffirmed an “outperform” rating and set a $16.00 price target on shares of TRI Pointe Group in a research note on Thursday, February 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $14.38.

TRI Pointe Group (TPH) opened at 12.53 on Friday. The company’s 50-day moving average is $12.47 and its 200-day moving average is $12.27. TRI Pointe Group has a 52-week low of $10.35 and a 52-week high of $14.20. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 11.57 and a beta of 1.73.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings data on Wednesday, April 26th. The construction company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.03. The business had revenue of $392 million during the quarter, compared to analyst estimates of $364.07 million. TRI Pointe Group had a net margin of 8.87% and a return on equity of 12.73%. TRI Pointe Group’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. Equities analysts predict that TRI Pointe Group will post $1.29 earnings per share for the current year.

In other TRI Pointe Group news, Director Barry S. Sternlicht sold 11,985,905 shares of the firm’s stock in a transaction dated Wednesday, March 22nd. The shares were 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 SEC, which can be accessed through this link. 9.40% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in TPH. Hsbc Holdings PLC boosted its stake 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 valued at $373,000 after buying an additional 96 shares in the last quarter. Amalgamated Bank boosted its stake in TRI Pointe Group by 0.5% in the first quarter. Amalgamated Bank now owns 20,926 shares of the construction company’s stock valued at $262,000 after buying an additional 101 shares in the last quarter. New York State Teachers Retirement System boosted its stake in TRI Pointe Group by 0.3% in the fourth quarter. New York State Teachers Retirement System now owns 70,800 shares of the construction company’s stock valued at $813,000 after buying an additional 200 shares in the last quarter. Howard Hughes Medical Institute boosted its stake in TRI Pointe Group by 1.7% in the first quarter. Howard Hughes Medical Institute now owns 15,208 shares of the construction company’s stock valued at $191,000 after buying an additional 261 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in TRI Pointe Group by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 50,670 shares of the construction company’s stock valued at $635,000 after buying an additional 700 shares in the last quarter. 97.78% of the stock is currently owned by institutional investors.

TRI Pointe Group Company Profile

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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