Research Analysts’ Weekly Ratings Changes for TRI Pointe Group (TPH)

Several brokerages have updated their recommendations and price targets on shares of TRI Pointe Group (NYSE: TPH) in the last few weeks:

  • 11/6/2018 – TRI Pointe Group was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 10/27/2018 – TRI Pointe Group was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “TRI Pointe Group, Inc. is involved in the design, construction and sale of single-family homes. The company’s operating portfolio includes 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. TRI Pointe Group, Inc., formerly known as Tri Pointe Homes, Inc., is headquartered in Irvine, California. “
  • 10/25/2018 – TRI Pointe Group was given a new $11.00 price target on by analysts at Wedbush. They now have a “hold” rating on the stock.
  • 10/25/2018 – TRI Pointe Group had its price target lowered by analysts at B. Riley from $19.00 to $15.00. They now have a “buy” rating on the stock.
  • 10/25/2018 – TRI Pointe Group was given a new $14.00 price target on by analysts at JMP Securities. They now have a “buy” rating on the stock.
  • 10/11/2018 – TRI Pointe Group was given a new $16.00 price target on by analysts at JMP Securities. They now have a “hold” rating on the stock.
  • 10/10/2018 – TRI Pointe Group was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 10/2/2018 – TRI Pointe Group was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 10/1/2018 – TRI Pointe Group was downgraded by analysts at Evercore ISI from an “in-line” rating to an “underperform” rating.
  • 9/20/2018 – TRI Pointe Group was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating. They now have a $13.00 price target on the stock, down previously from $18.00.
  • 9/17/2018 – TRI Pointe Group was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

NYSE:TPH traded down $0.26 on Thursday, reaching $12.22. The stock had a trading volume of 174,820 shares, compared to its average volume of 3,477,657. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.72. TRI Pointe Group Inc has a 12-month low of $10.55 and a 12-month high of $19.55.

TRI Pointe Group (NYSE:TPH) last released its earnings results on Wednesday, October 24th. The construction company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.04. The company had revenue of $771.80 million for the quarter, compared to analyst estimates of $768.01 million. TRI Pointe Group had a net margin of 7.51% and a return on equity of 14.09%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. On average, equities research analysts forecast that TRI Pointe Group Inc will post 1.78 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in TPH. LPL Financial LLC purchased a new position in shares of TRI Pointe Group during the 1st quarter worth about $209,000. Legal & General Group Plc lifted its holdings in shares of TRI Pointe Group by 11.6% during the 1st quarter. Legal & General Group Plc now owns 149,170 shares of the construction company’s stock worth $2,451,000 after acquiring an additional 15,545 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of TRI Pointe Group by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 662,403 shares of the construction company’s stock worth $10,883,000 after acquiring an additional 17,023 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of TRI Pointe Group by 0.6% during the 2nd quarter. Fisher Asset Management LLC now owns 895,981 shares of the construction company’s stock worth $14,658,000 after acquiring an additional 5,206 shares during the period. Finally, Bank of Montreal Can purchased a new position in shares of TRI Pointe Group during the 2nd quarter worth about $415,000.

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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