TRI Pointe Group (NYSE:TPH) was downgraded by investment analysts at Wedbush from an “outperform” rating to a “neutral” rating in a report released on Thursday, September 20th, Marketbeat Ratings reports. They presently have a $13.00 target price on the construction company’s stock, down from their previous target price of $18.00. Wedbush’s target price points to a potential upside of 14.54% from the stock’s current price. Wedbush also issued estimates for TRI Pointe Group’s Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.64 EPS, Q1 2019 earnings at $0.16 EPS and Q3 2019 earnings at $0.36 EPS.

Several other research firms have also issued reports on TPH. Zelman & Associates lowered TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 14th. ValuEngine lowered TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Royal Bank of Canada began coverage on TRI Pointe Group in a research report on Wednesday, June 27th. They issued a “sector perform” rating for the company. B. Riley decreased their price objective on TRI Pointe Group from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, July 30th. Finally, Buckingham Research decreased their price objective on TRI Pointe Group from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, July 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $17.85.

NYSE:TPH traded down $0.22 on Thursday, hitting $11.35. 2,254,737 shares of the stock were exchanged, compared to its average volume of 1,800,463. The stock has a market capitalization of $1.89 billion, a P/E ratio of 7.99, a P/E/G ratio of 0.61 and a beta of 1.51. TRI Pointe Group has a 52 week low of $11.19 and a 52 week high of $19.55. 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 (NYSE:TPH) last announced its quarterly earnings data on Friday, July 27th. The construction company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The firm had revenue of $768.80 million during the quarter, compared to analysts’ expectations of $728.61 million. TRI Pointe Group had a return on equity of 14.73% and a net margin of 7.90%. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 EPS. As a group, equities analysts predict that TRI Pointe Group will post 1.81 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in TRI Pointe Group by 96.7% in the 1st quarter. Wells Fargo & Company MN now owns 247,050 shares of the construction company’s stock valued at $4,060,000 after acquiring an additional 121,457 shares during the period. State Board of Administration of Florida Retirement System raised its stake in TRI Pointe Group by 29.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 30,462 shares of the construction company’s stock valued at $500,000 after acquiring an additional 7,010 shares during the period. Swiss National Bank raised its stake in TRI Pointe Group by 2.1% in the 1st quarter. Swiss National Bank now owns 263,247 shares of the construction company’s stock valued at $4,325,000 after acquiring an additional 5,500 shares during the period. M&T Bank Corp bought a new stake in TRI Pointe Group in the 1st quarter valued at $225,000. Finally, Schwab Charles Investment Management Inc. raised its stake in TRI Pointe Group by 10.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 926,822 shares of the construction company’s stock valued at $15,228,000 after acquiring an additional 88,601 shares during the period.

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 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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