TRI Pointe Group Inc (NYSE:TPH) Given Average Rating of “Hold” by Analysts

TRI Pointe Group Inc (NYSE:TPH) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.11.

Several analysts recently weighed in on TPH shares. Zacks Investment Research downgraded Green Plains from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 27th. Wedbush set a $269.00 price target on United Therapeutics and gave the stock a “buy” rating in a research note on Monday, April 8th. ValuEngine downgraded Zuora from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Finally, Susquehanna Bancshares started coverage on Dow Chemical in a research note on Wednesday, April 17th. They issued a “positive” rating on the stock.

Shares of TRI Pointe Group stock traded up $0.35 during midday trading on Friday, hitting $12.61. The company had a trading volume of 43,001 shares, compared to its average volume of 1,538,098. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.69. The firm has a market cap of $1.74 billion, a PE ratio of 6.61, a P/E/G ratio of 0.96 and a beta of 1.23. The firm has a 50 day moving average price of $12.34. TRI Pointe Group has a 52-week low of $10.37 and a 52-week high of $17.44.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $492.70 million for the quarter, compared to the consensus estimate of $467.11 million. TRI Pointe Group had a return on equity of 11.87% and a net margin of 7.16%. The firm’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. As a group, equities analysts expect that TRI Pointe Group will post 1.27 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC lifted its position in TRI Pointe Group by 1.1% in the 1st quarter. Mason Street Advisors LLC now owns 75,336 shares of the construction company’s stock valued at $952,000 after acquiring an additional 850 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its position in TRI Pointe Group by 4.7% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 21,402 shares of the construction company’s stock valued at $256,000 after acquiring an additional 954 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of TRI Pointe Group by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 28,530 shares of the construction company’s stock valued at $312,000 after buying an additional 1,112 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of TRI Pointe Group by 1.6% during the 4th quarter. Great West Life Assurance Co. Can now owns 91,355 shares of the construction company’s stock valued at $928,000 after buying an additional 1,413 shares during the period. Finally, South Dakota Investment Council lifted its holdings in shares of TRI Pointe Group by 0.3% during the 1st quarter. South Dakota Investment Council now owns 495,550 shares of the construction company’s stock valued at $6,264,000 after buying an additional 1,550 shares during the period.

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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Analyst Recommendations for TRI Pointe Group (NYSE:TPH)

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