Royal Bank of Canada upgraded shares of TRI Pointe Group (NYSE:TPH) from a sector perform rating to an outperform rating in a research report report published on Tuesday, October 15th, BenzingaRatingsTable reports. Royal Bank of Canada currently has $17.00 price target on the construction company’s stock, up from their prior price target of $15.00.
A number of other equities analysts have also recently commented on the company. TheStreet raised TRI Pointe Group from a c+ rating to a b rating in a report on Wednesday, September 18th. ValuEngine lowered TRI Pointe Group from a hold rating to a sell rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research lowered TRI Pointe Group from a hold rating to a sell rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $15.50.
TRI Pointe Group stock traded down $0.04 during trading on Tuesday, reaching $15.03. The company had a trading volume of 1,230,940 shares, compared to its average volume of 1,607,459. TRI Pointe Group has a 52 week low of $10.37 and a 52 week high of $16.33. The firm’s 50-day simple moving average is $15.23 and its 200 day simple moving average is $13.69. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 1.10 and a beta of 1.14. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.68.
TRI Pointe Group (NYSE:TPH) last announced its earnings results on Thursday, October 31st. The construction company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.08. TRI Pointe Group had a return on equity of 9.72% and a net margin of 6.14%. The company had revenue of $746.27 million for the quarter, compared to analysts’ expectations of $687.49 million. During the same period last year, the firm earned $0.43 EPS. TRI Pointe Group’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, analysts predict that TRI Pointe Group will post 1.31 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new position in shares of TRI Pointe Group during the second quarter valued at about $31,000. Tower Research Capital LLC TRC grew its position in TRI Pointe Group by 37.6% in the third quarter. Tower Research Capital LLC TRC now owns 3,480 shares of the construction company’s stock worth $53,000 after acquiring an additional 951 shares in the last quarter. NumerixS Investment Technologies Inc grew its position in TRI Pointe Group by 53.8% in the second quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the construction company’s stock worth $48,000 after acquiring an additional 1,400 shares in the last quarter. Signaturefd LLC grew its position in TRI Pointe Group by 16.9% in the third quarter. Signaturefd LLC now owns 4,617 shares of the construction company’s stock worth $69,000 after acquiring an additional 667 shares in the last quarter. Finally, Dupont Capital Management Corp grew its position in TRI Pointe Group by 107.1% in the second quarter. Dupont Capital Management Corp now owns 8,700 shares of the construction company’s stock worth $104,000 after acquiring an additional 4,500 shares in the last quarter.
About TRI Pointe Group
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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