TRI Pointe Group (NYSE:TPH) Lifted to “B” at TheStreet

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TRI Pointe Group (NYSE:TPH) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued to clients and investors on Wednesday, September 18th, TheStreetRatingsTable reports.

TPH has been the subject of several other research reports. Zacks Investment Research downgraded TRI Pointe Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. ValuEngine upgraded TRI Pointe Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. TRI Pointe Group has a consensus rating of “Hold” and a consensus target price of $13.60.

Shares of TPH traded up $0.02 during trading hours on Wednesday, reaching $14.42. 1,151,289 shares of the company’s stock traded hands, compared to its average volume of 1,860,584. The stock has a market cap of $2.04 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 1.04 and a beta of 1.14. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.69. The firm’s 50 day simple moving average is $14.41 and its 200-day simple moving average is $13.39. TRI Pointe Group has a 12 month low of $10.37 and a 12 month high of $15.18.

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, beating the Zacks’ consensus estimate of $0.14 by $0.04. The firm had revenue of $692.10 million during the quarter, compared to the consensus estimate of $635.33 million. TRI Pointe Group had a return on equity of 9.96% and a net margin of 6.12%. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. As a group, analysts expect that TRI Pointe Group will post 1.25 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jennison Associates LLC boosted its holdings in TRI Pointe Group by 57.2% in the first quarter. Jennison Associates LLC now owns 80,373 shares of the construction company’s stock worth $1,016,000 after acquiring an additional 29,253 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in TRI Pointe Group by 182.7% in the first quarter. Dynamic Technology Lab Private Ltd now owns 78,190 shares of the construction company’s stock worth $988,000 after acquiring an additional 50,530 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its holdings in TRI Pointe Group by 3.5% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 307,860 shares of the construction company’s stock worth $3,685,000 after acquiring an additional 10,490 shares in the last quarter. Swiss National Bank boosted its holdings in TRI Pointe Group by 1.7% in the second quarter. Swiss National Bank now owns 263,547 shares of the construction company’s stock worth $3,155,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Alpha Windward LLC bought a new stake in TRI Pointe Group in the third quarter worth $467,000.

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.

Further Reading: Cost of Equity For A Business, Investors

Analyst Recommendations for TRI Pointe Group (NYSE:TPH)

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