TRI Pointe Group (NYSE:TPH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Saturday.

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 analysts have also recently weighed in on the company. ValuEngine cut TRI Pointe Group from a “hold” rating to a “sell” rating in a report on Monday, September 17th. Evercore ISI cut TRI Pointe Group from an “in-line” rating to an “underperform” rating in a report on Monday, October 1st. Wedbush cut TRI Pointe Group from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $18.00 to $13.00 in a report on Thursday, September 20th. JMP Securities lowered their price target on TRI Pointe Group from $21.00 to $20.00 and set a “market outperform” rating for the company in a report on Monday, July 30th. Finally, B. Riley lowered their price target on TRI Pointe Group from $23.00 to $19.00 and set a “buy” rating for the company in a report on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $16.90.

NYSE TPH opened at $11.51 on Friday. The firm has a market cap of $1.64 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 0.57 and a beta of 1.51. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.34 and a quick ratio of 0.77. TRI Pointe Group has a twelve month low of $10.55 and a twelve month high of $19.55.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Wednesday, October 24th. The construction company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $771.80 million during the quarter, compared to analysts’ expectations of $768.01 million. TRI Pointe Group had a return on equity of 14.09% and a net margin of 7.51%. The company’s revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 EPS. As a group, equities analysts expect that TRI Pointe Group will post 1.76 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Shufro Rose & Co. LLC lifted its stake in TRI Pointe Group by 63.5% during the 3rd quarter. Shufro Rose & Co. LLC now owns 436,500 shares of the construction company’s stock worth $5,413,000 after acquiring an additional 169,495 shares in the last quarter. James Investment Research Inc. lifted its stake in TRI Pointe Group by 22.8% during the 3rd quarter. James Investment Research Inc. now owns 227,810 shares of the construction company’s stock worth $2,825,000 after acquiring an additional 42,297 shares in the last quarter. Alps Advisors Inc. acquired a new position in TRI Pointe Group during the 3rd quarter worth about $441,000. First Trust Advisors LP lifted its stake in TRI Pointe Group by 7.6% during the 3rd quarter. First Trust Advisors LP now owns 180,344 shares of the construction company’s stock worth $2,236,000 after acquiring an additional 12,763 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in TRI Pointe Group by 4.7% during the 3rd quarter. Fisher Asset Management LLC now owns 938,128 shares of the construction company’s stock worth $11,633,000 after acquiring an additional 42,147 shares in the last quarter.

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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