TRI Pointe Group Inc (TPH) CEO Sells $1,353,000.00 in Stock
TRI Pointe Group Inc (NYSE:TPH) CEO Douglas F. Bauer sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $1,353,000.00. Following the completion of the transaction, the chief executive officer now owns 289,313 shares of the company’s stock, valued at $5,219,206.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of TRI Pointe Group Inc (NYSE:TPH) opened at $17.10 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.80. The company has a market cap of $2,570.00, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 0.93 and a beta of 1.74. TRI Pointe Group Inc has a one year low of $11.74 and a one year high of $19.55.
A number of research firms have commented on TPH. Zacks Investment Research raised shares of TRI Pointe Group from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Saturday, January 6th. Barclays raised shares of TRI Pointe Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $17.00 to $21.00 in a research report on Friday, January 5th. Wedbush boosted their price objective on shares of TRI Pointe Group from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, December 29th. ValuEngine raised shares of TRI Pointe Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, B. Riley reaffirmed a “buy” rating on shares of TRI Pointe Group in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $18.22.
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TRI Pointe Group Company Profile
TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.
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