TPH has been the subject of a number of other reports. JMP Securities set a $16.00 price objective on TRI Pointe Group and gave the stock a hold rating in a report on Thursday, October 11th. ValuEngine raised TRI Pointe Group from a strong sell rating to a sell rating in a report on Tuesday, November 6th. Zacks Investment Research raised TRI Pointe Group from a sell rating to a hold rating in a report on Saturday, February 2nd. B. Riley decreased their price objective on TRI Pointe Group from $19.00 to $15.00 and set a buy rating for the company in a report on Thursday, October 25th. Finally, Wedbush set a $11.00 price objective on TRI Pointe Group and gave the stock a hold rating in a report on Thursday, October 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $16.56.
Shares of TRI Pointe Group stock traded down $0.07 on Monday, reaching $12.53. 1,682,039 shares of the company were exchanged, compared to its average volume of 1,529,567. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 0.80 and a beta of 1.39. TRI Pointe Group has a 1-year low of $10.37 and a 1-year high of $18.48.
TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings results on Tuesday, February 26th. The construction company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. TRI Pointe Group had a return on equity of 14.09% and a net margin of 7.51%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the firm earned $0.70 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. Sell-side analysts predict that TRI Pointe Group will post 1.47 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC bought a new position in TRI Pointe Group during the 4th quarter valued at $2,858,000. Legal & General Group Plc boosted its stake in TRI Pointe Group by 20.1% during the 4th quarter. Legal & General Group Plc now owns 177,746 shares of the construction company’s stock valued at $1,943,000 after purchasing an additional 29,786 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of TRI Pointe Group during the 4th quarter worth $389,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of TRI Pointe Group by 61.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 81,174 shares of the construction company’s stock worth $887,000 after acquiring an additional 31,031 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of TRI Pointe Group during the 4th quarter worth $428,000.
TRI Pointe Group Company Profile
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 six brands across eight states, including Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia.
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