TRI Pointe Group (NYSE:TPH) Hits New 1-Year High at $16.32

TRI Pointe Group Inc (NYSE:TPH)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $16.32 and last traded at $16.26, with a volume of 12411 shares trading hands. The stock had previously closed at $16.05.

TPH has been the subject of a number of research reports. Royal Bank of Canada raised shares of TRI Pointe Group from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $15.00 to $17.00 in a report on Tuesday, October 15th. Zacks Investment Research raised shares of TRI Pointe Group from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Friday, October 18th. ValuEngine cut shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. B. Riley set a $18.00 price target on shares of TRI Pointe Group and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, TheStreet upgraded shares of TRI Pointe Group from a “c+” rating to a “b” rating in a research note on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $15.33.

The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.64. The business’s 50 day moving average price is $14.76 and its 200-day moving average price is $13.53. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 1.17 and a beta of 1.14.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings results on Thursday, July 25th. The construction company reported $0.18 earnings per share (EPS) 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 business had revenue of $692.10 million for the quarter, compared to analyst estimates of $635.33 million. During the same period in the previous year, the business posted $0.42 earnings per share. The business’s revenue was down 10.0% compared to the same quarter last year. As a group, analysts expect that TRI Pointe Group Inc will post 1.25 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of TPH. Tower Research Capital LLC TRC acquired a new position in TRI Pointe Group during the second quarter worth about $31,000. NumerixS Investment Technologies Inc grew its position in TRI Pointe Group by 53.8% during the second quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the construction company’s stock worth $48,000 after buying an additional 1,400 shares during the period. Signaturefd LLC grew its position in TRI Pointe Group by 16.9% during the third quarter. Signaturefd LLC now owns 4,617 shares of the construction company’s stock worth $69,000 after buying an additional 667 shares during the period. Dupont Capital Management Corp grew its position in TRI Pointe Group by 107.1% during the second quarter. Dupont Capital Management Corp now owns 8,700 shares of the construction company’s stock worth $104,000 after buying an additional 4,500 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in TRI Pointe Group by 12.0% during the second quarter. Public Employees Retirement System of Ohio now owns 9,581 shares of the construction company’s stock worth $115,000 after buying an additional 1,023 shares during the period.

About TRI Pointe Group (NYSE:TPH)

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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