Tri Pointe Homes Inc (NYSE:TPH) Institutional Investor Sentiment Analysis

Modesto Morganelli
Aprile 16, 2018

Since October 26, 2017 according to StockzIntelligence Inc Tri Pointe has 9 analyst reports. The business is scheduled to announce its next earnings results before the market opens on Wednesday, April 25th. Wedbush analyst J. Mccanless now forecasts that the firm will post earnings per share of $0.49 for the quarter, down from their previous estimate of $0.51. The fund purchased 13,955 shares of the construction company's stock, valued at approximately $250,000. Zacks' sales averages are a mean average based on a survey of analysts that cover TRI Pointe Group. (NYSE:TPH)'s earnings report is expected by WallStreet, as reported by RTT. The construction company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.64 by $0.06. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. TRI Pointe Group had a net margin of 6.66% and a return on equity of 11.89%. The business's quarterly revenue was up 45.7% on a year-over-year basis. During the same quarter past year, the company earned $0.36 earnings per share.

A number of research analysts have commented on the stock. Zacks Investment Research cut shares of TRI Pointe Group from a "buy" rating to a "hold" rating and set a $20.00 target price on the a research report on Friday, January 5th. Finally, Barclays raised shares of TRI Pointe Group from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $17.00 to $21.00 in a research note on Friday, January 5th. ValuEngine raised TRI Pointe Group from a "buy" rating to a "strong-buy" rating in a research note on Sunday, December 31st. The company has a consensus rating of "Buy" and an average price target of $18.88. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. TRI Pointe Group now has an average rating of "Buy" and a consensus target price of $18.88.

Shares of TRI Pointe Group (NYSE:TPH) traded down 0.41% during mid-day trading on Thursday, reaching $12.27. The stock had a trading volume of 1,526,074 shares, compared to its average volume of 1,217,363. 21 investors sold all, 81 reduced holdings as TRI Pointe Group, Inc. ratio increased. The stock has a market capitalization of $2,526.76, a price-to-earnings ratio of 11.82, a PEG ratio of 0.84 and a beta of 1.43. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76.

TRI Pointe Group announced that its board has approved a share repurchase program on Tuesday, February 20th that allows the company to buyback $100.00 million in shares. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued. The firm has "Overweight" rating by Barclays Capital given on Friday, January 6. The stock was sold at an average price of $18.83, for a total value of $2,839,978.26. Also, CEO Douglas F. Bauer sold 75,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 2nd. The stock's average target of $14.67 is -12.63% below today's ($16.79) share price. Following the completion of the sale, the chief executive officer now directly owns 289,313 shares of the company's stock, valued at $5,219,206.52.

Institutional investors and hedge funds have recently bought and sold shares of the company. The ratio has increased, as 110 investment managers increased and opened new holdings, while 102 sold and decreased their stock positions in Tri Pointe Homes Inc. Moreover, State Of New Jersey Common Pension Fund D has 0.02% invested in TRI Pointe Group, Inc. The correct version of this news story can be viewed at Acadian Asset Management LLC acquired a new position in TRI Pointe Group in the fourth quarter valued at about $337,000. Deutsche Bank AG grew its holdings in shares of TRI Pointe Group by 374.4% in the 4th quarter.

WARNING: This article was originally reported by StockNewsTimes and is owned by of StockNewsTimes.

TRI Pointe Group, Inc is a homebuilder company. The firm 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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