Zacks Investment Research lowered shares of TRI Pointe Group Inc (NYSE:TPH) from a buy rating to a hold rating in a research report report published on Tuesday.

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. “

A number of other equities research analysts have also issued reports on TPH. ValuEngine lowered shares of TRI Pointe Group from a buy rating to a hold rating in a report on Friday, June 2nd. BidaskClub lowered shares of TRI Pointe Group from a hold rating to a sell rating in a report on Saturday, June 10th. Barclays PLC lowered shares of TRI Pointe Group from an overweight rating to an equal weight rating and set a $14.00 price target on the stock. in a report on Tuesday, July 11th. TheStreet raised shares of TRI Pointe Group from a c rating to a b- rating in a report on Monday, July 10th. Finally, Citigroup Inc. lowered shares of TRI Pointe Group from a buy rating to a neutral rating and set a $15.00 price target on the stock. in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. TRI Pointe Group presently has a consensus rating of Hold and an average price target of $14.13.

TRI Pointe Group (TPH) traded up 1.04% during trading on Tuesday, reaching $13.62. 1,093,347 shares of the company traded hands. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 16.18 and a beta of 1.66. TRI Pointe Group has a 12-month low of $10.35 and a 12-month high of $14.21. The firm’s 50 day moving average price is $13.23 and its 200 day moving average price is $12.61.

TRI Pointe Group (NYSE:TPH) last released its earnings results on Wednesday, July 26th. The construction company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The company had revenue of $568.80 million for the quarter, compared to analyst estimates of $563.72 million. TRI Pointe Group had a net margin of 5.75% and a return on equity of 7.26%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. Equities research analysts expect that TRI Pointe Group will post $1.35 earnings per share for the current year.

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TRI Pointe Group announced that its Board of Directors has authorized a share repurchase plan on Wednesday, July 26th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

Several large investors have recently made changes to their positions in TPH. Meadow Creek Investment Management LLC raised its stake in shares of TRI Pointe Group by 26.8% in the first quarter. Meadow Creek Investment Management LLC now owns 9,180 shares of the construction company’s stock worth $115,000 after buying an additional 1,938 shares during the last quarter. World Asset Management Inc bought a new stake in shares of TRI Pointe Group during the second quarter worth $132,000. 1st Global Advisors Inc. raised its stake in shares of TRI Pointe Group by 9.8% in the first quarter. 1st Global Advisors Inc. now owns 11,008 shares of the construction company’s stock worth $138,000 after buying an additional 984 shares during the last quarter. Cornerstone Financial Partners LLC bought a new stake in shares of TRI Pointe Group during the second quarter worth $148,000. Finally, Teacher Retirement System of Texas raised its stake in shares of TRI Pointe Group by 6.0% in the second quarter. Teacher Retirement System of Texas now owns 12,729 shares of the construction company’s stock worth $168,000 after buying an additional 725 shares during the last quarter. 98.68% of the stock is currently owned by hedge funds and other institutional investors.

About TRI Pointe Group

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.

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Analyst Recommendations for TRI Pointe Group (NYSE:TPH)

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