The Tri Pointe Homes Inc. (TPH) Lowered to Hold at Zacks Investment Research

The Tri Pointe Homes Inc. (TPH) Lowered to Hold at Zacks Investment Research

Tri Pointe Homes Inc. (NYSE:TPH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

TPH has been the topic of several other reports. Citigroup Inc. raised their price objective on Tri Pointe Homes from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. TheStreet upgraded Tri Pointe Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Wells Fargo & Co. started coverage on Tri Pointe Homes in a research note on Wednesday, September 28th. They set a “market perform” rating on the stock. Wedbush started coverage on Tri Pointe Homes in a research note on Monday, September 19th. They set an “outperform” rating and a $17.00 price objective on the stock. Finally, FBR & Co raised their price objective on Tri Pointe Homes from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, July 28th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $15.79.

10/09/tri-pointe-homes-inc-tph-lowered-to-hold-at-zacks-investment-research.html

Tri Pointe Homes (NYSE:TPH) traded down 2.13% during trading on Tuesday, hitting $12.86. 1,031,807 shares of the stock were exchanged. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 8.75 and a beta of 1.61. Tri Pointe Homes has a one year low of $8.83 and a one year high of $14.49. The stock’s 50 day moving average is $13.14 and its 200-day moving average is $12.43.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.18. Tri Pointe Homes had a net margin of 9.23% and a return on equity of 14.02%. The business earned $556.93 million during the quarter, compared to the consensus estimate of $545.23 million. During the same quarter last year, the company earned $0.34 earnings per share. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. On average, equities research analysts expect that Tri Pointe Homes will post $1.26 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of TPH. Bank of Montreal Can acquired a new position in shares of Tri Pointe Homes during the second quarter worth approximately $23,076,000. Dimensional Fund Advisors LP raised its position in shares of Tri Pointe Homes by 22.8% in the second quarter. Dimensional Fund Advisors LP now owns 8,499,848 shares of the company’s stock worth $100,467,000 after buying an additional 1,575,627 shares during the period. FMR LLC raised its position in shares of Tri Pointe Homes by 37.3% in the second quarter. FMR LLC now owns 4,847,692 shares of the company’s stock worth $57,299,000 after buying an additional 1,318,048 shares during the period. GRS Advisors LLC acquired a new position in shares of Tri Pointe Homes during the second quarter worth approximately $11,398,000. Finally, Norges Bank acquired a new position in shares of Tri Pointe Homes during the fourth quarter worth approximately $11,089,000. Institutional investors own 98.27% of the company’s stock.

About Tri Pointe Homes

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. The Company’s 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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