TRI Pointe Group (NYSE:TPH) has been assigned a $16.00 price target by research analysts at JMP Securities in a research report issued to clients and investors on Thursday. The brokerage currently has a “hold” rating on the construction company’s stock. JMP Securities’ price objective points to a potential upside of 40.97% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. ValuEngine lowered shares of TRI Pointe Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Evercore ISI lowered shares of TRI Pointe Group from an “in-line” rating to an “underperform” rating in a research note on Monday, October 1st. Wedbush lowered shares of TRI Pointe Group from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $18.00 to $13.00 in a research note on Thursday, September 20th. Zacks Investment Research lowered shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Susquehanna Bancshares set a $21.00 price target on shares of TRI Pointe Group and gave the company a “buy” rating in a research note on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.85.

Shares of TPH stock opened at $11.35 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.72. TRI Pointe Group has a 1 year low of $11.19 and a 1 year high of $19.55. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 0.61 and a beta of 1.51.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings results on Friday, July 27th. The construction company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. TRI Pointe Group had a net margin of 7.90% and a return on equity of 14.73%. The firm had revenue of $768.80 million for the quarter, compared to analyst estimates of $728.61 million. During the same period in the previous year, the business earned $0.21 EPS. The company’s revenue was up 35.2% compared to the same quarter last year. Research analysts expect that TRI Pointe Group will post 1.81 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp grew its position in shares of TRI Pointe Group by 65.7% in the 2nd quarter. Northern Trust Corp now owns 3,632,311 shares of the construction company’s stock valued at $59,423,000 after acquiring an additional 1,440,341 shares during the period. Glenmede Trust Co. NA grew its position in shares of TRI Pointe Group by 18.1% in the 2nd quarter. Glenmede Trust Co. NA now owns 2,996,502 shares of the construction company’s stock valued at $49,022,000 after acquiring an additional 458,962 shares during the period. Bank of New York Mellon Corp grew its position in shares of TRI Pointe Group by 10.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,720,247 shares of the construction company’s stock valued at $44,503,000 after acquiring an additional 257,461 shares during the period. Victory Capital Management Inc. grew its position in shares of TRI Pointe Group by 32.8% in the 2nd quarter. Victory Capital Management Inc. now owns 2,447,957 shares of the construction company’s stock valued at $40,048,000 after acquiring an additional 604,489 shares during the period. Finally, Millennium Management LLC grew its position in shares of TRI Pointe Group by 18.7% in the 1st quarter. Millennium Management LLC now owns 1,972,304 shares of the construction company’s stock valued at $32,405,000 after acquiring an additional 310,739 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 six brands across eight states, including 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.

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Analyst Recommendations for TRI Pointe Group (NYSE:TPH)

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