ValuEngine upgraded shares of TRI Pointe Group (NYSE:TPH) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning, ValuEngine reports.

TPH has been the subject of several other reports. B. Riley set a $18.00 target price on TRI Pointe Group and gave the stock a buy rating in a research note on Tuesday, October 15th. TheStreet raised TRI Pointe Group from a c+ rating to a b rating in a research note on Wednesday, September 18th. Zacks Investment Research raised TRI Pointe Group from a hold rating to a buy rating and set a $17.00 target price for the company in a research note on Friday, October 18th. Royal Bank of Canada set a $18.00 price objective on TRI Pointe Group and gave the company a buy rating in a research note on Friday, November 1st. Finally, JMP Securities downgraded TRI Pointe Group from an outperform rating to a market perform rating in a research note on Friday, November 1st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $15.50.

Shares of TPH stock traded down $0.04 during trading hours on Tuesday, hitting $15.03. 1,249,841 shares of the company’s stock were exchanged, compared to its average volume of 1,607,459. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.68. The firm has a market cap of $2.14 billion, a P/E ratio of 7.91, a P/E/G ratio of 1.10 and a beta of 1.14. The firm has a 50 day moving average of $15.23 and a two-hundred day moving average of $13.69. TRI Pointe Group has a fifty-two week low of $10.37 and a fifty-two week high of $16.33.

TRI Pointe Group (NYSE:TPH) last announced its earnings results on Thursday, October 31st. The construction company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.08. The business had revenue of $746.27 million during the quarter, compared to the consensus estimate of $687.49 million. TRI Pointe Group had a return on equity of 9.72% and a net margin of 6.14%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. On average, equities analysts forecast that TRI Pointe Group will post 1.31 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC raised its stake in TRI Pointe Group by 16.9% in the 3rd quarter. Signaturefd LLC now owns 4,617 shares of the construction company’s stock valued at $69,000 after purchasing an additional 667 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in TRI Pointe Group by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 57,433 shares of the construction company’s stock valued at $687,000 after buying an additional 810 shares in the last quarter. Creative Planning grew its holdings in TRI Pointe Group by 3.2% in the 2nd quarter. Creative Planning now owns 30,177 shares of the construction company’s stock valued at $361,000 after buying an additional 927 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in TRI Pointe Group by 37.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,480 shares of the construction company’s stock valued at $53,000 after buying an additional 951 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its holdings in TRI Pointe Group by 4.7% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 21,402 shares of the construction company’s stock valued at $256,000 after buying an additional 954 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 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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