TRI Pointe Group Inc (NYSE:TPH) Receives $15.38 Average Price Target from Brokerages

Shares of TRI Pointe Group Inc (NYSE:TPH) have been given an average rating of “Hold” by the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $15.38.

TPH has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of TRI Pointe Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 23rd. Wedbush restated a “neutral” rating and set a $11.00 target price on shares of TRI Pointe Group in a research report on Wednesday, February 27th. JMP Securities raised their target price on shares of TRI Pointe Group from $14.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Wednesday, February 27th. Evercore ISI lowered shares of TRI Pointe Group from an “in-line” rating to an “underperform” rating in a research report on Thursday, February 28th. Finally, Susquehanna Bancshares restated a “neutral” rating and set a $14.00 target price (down previously from $16.00) on shares of TRI Pointe Group in a research report on Wednesday, April 17th.

Shares of NYSE TPH opened at $12.61 on Monday. TRI Pointe Group has a 1 year low of $10.37 and a 1 year high of $17.44. The company has a market cap of $1.79 billion, a P/E ratio of 6.64, a PEG ratio of 0.99 and a beta of 1.33. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.69.

TRI Pointe Group (NYSE:TPH) last announced its earnings results on Thursday, April 25th. The construction company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. TRI Pointe Group had a net margin of 7.16% and a return on equity of 11.87%. The firm had revenue of $492.70 million for the quarter, compared to analyst estimates of $467.11 million. During the same quarter last year, the business earned $0.28 earnings per share. TRI Pointe Group’s revenue was down 15.4% compared to the same quarter last year. Sell-side analysts anticipate that TRI Pointe Group will post 1.27 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in TPH. Morgan Stanley boosted its holdings in shares of TRI Pointe Group by 0.7% in the 3rd quarter. Morgan Stanley now owns 736,837 shares of the construction company’s stock valued at $9,136,000 after purchasing an additional 5,209 shares during the last quarter. Xact Kapitalforvaltning AB boosted its holdings in shares of TRI Pointe Group by 69.0% in the 4th quarter. Xact Kapitalforvaltning AB now owns 40,155 shares of the construction company’s stock valued at $439,000 after purchasing an additional 16,400 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of TRI Pointe Group by 24.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 32,820 shares of the construction company’s stock valued at $359,000 after purchasing an additional 6,500 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of TRI Pointe Group by 41.8% in the 4th quarter. Rhumbline Advisers now owns 432,199 shares of the construction company’s stock valued at $4,724,000 after purchasing an additional 127,394 shares during the last quarter. Finally, Dupont Capital Management Corp acquired a new position in shares of TRI Pointe Group during the 4th quarter valued at $98,000.

About TRI Pointe Group

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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