A number of other analysts have also recently weighed in on the stock. TheStreet cut shares of TRI Pointe Group from a b- rating to a c+ rating in a report on Monday, July 15th. Susquehanna Bancshares reiterated a neutral rating and issued a $14.00 price objective (down from $16.00) on shares of TRI Pointe Group in a research report on Wednesday, April 17th. Zacks Investment Research lowered shares of TRI Pointe Group from a hold rating to a sell rating in a research report on Tuesday. Finally, Wedbush restated an outperform rating and set a $11.00 target price on shares of TRI Pointe Group in a research report on Monday, April 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. TRI Pointe Group presently has an average rating of Hold and an average price target of $13.60.
Shares of TPH traded up $0.30 during mid-day trading on Wednesday, hitting $13.99. 24,295 shares of the company’s stock were exchanged, compared to its average volume of 1,495,147. The company has a market capitalization of $1.93 billion, a P/E ratio of 7.36, a price-to-earnings-growth ratio of 1.08 and a beta of 1.23. TRI Pointe Group has a fifty-two week low of $10.37 and a fifty-two week high of $15.01. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.64 and a current ratio of 0.64. The company has a 50-day moving average of $12.46.
TRI Pointe Group (NYSE:TPH) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. TRI Pointe Group had a net margin of 6.12% and a return on equity of 9.96%. The company had revenue of $692.10 million for the quarter, compared to analysts’ expectations of $635.33 million. During the same quarter last year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. As a group, research analysts predict that TRI Pointe Group will post 1.25 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of the business. Dupont Capital Management Corp grew its position in TRI Pointe Group by 107.1% in the second quarter. Dupont Capital Management Corp now owns 8,700 shares of the construction company’s stock worth $104,000 after acquiring an additional 4,500 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in TRI Pointe Group by 19.8% in the second quarter. BNP Paribas Arbitrage SA now owns 42,035 shares of the construction company’s stock worth $503,000 after acquiring an additional 6,956 shares in the last quarter. KCS Wealth Advisory grew its position in TRI Pointe Group by 15.9% in the second quarter. KCS Wealth Advisory now owns 44,841 shares of the construction company’s stock worth $537,000 after acquiring an additional 6,148 shares in the last quarter. Creative Planning grew its position in TRI Pointe Group by 3.2% in the second quarter. Creative Planning now owns 30,177 shares of the construction company’s stock worth $361,000 after acquiring an additional 927 shares in the last quarter. Finally, Arizona State Retirement System grew its position in TRI Pointe Group by 1.5% in the second quarter. Arizona State Retirement System now owns 103,213 shares of the construction company’s stock worth $1,235,000 after acquiring an additional 1,486 shares in the last quarter.
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 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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