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Main » Sector Investor's Alert - TRI Pointe Group, Inc. (NYSE:TPH)

Sector Investor's Alert - TRI Pointe Group, Inc. (NYSE:TPH)

31 October 2017

(NYSE:TPH)'s stock had its "outperform" rating reaffirmed by research analysts at Wedbush in a report issued on Friday, October 20th. (NYSE:TPH), its shares were trading at $17.23 a gain of $0.26, on the trading floor. The stock price hovered in an intraday range of $16.78- $17.26. TRI Pointe Group Inc (NYSE:TPH) has risen 19.18% since October 28, 2016 and is uptrending. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. The mean target price as estimated by the analysts for the company has been recorded at $17.41. Barclays Capital downgraded TRI Pointe Group Inc (NYSE:TPH) on Tuesday, July 11 to "Equal-Weight" rating.

Several research analysts have commented on the stock.

Among 9 analysts covering TRI Pointe Homes (NYSE:TPH), 5 have Buy rating, 0 Sell and 4 Hold. Zacks Investment Research upgraded shares of TRI Pointe Group from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a report on Thursday, August 3rd. TRI Pointe Group, Inc. has 3 buy ratings, 5 holds and 0 sells even after the stock climbed 0.17% from its high of $ 17.26 to a $2.61 billion market value through last close. (NYSE:TPH) stock is experiencing unusual volume during today's trading. The share price has moved forward from its 20 days moving average, trading at a distance of 3.8% and stays 8.08% away from its 50 days moving average. The company has a market capitalization of $1.72 billion, a P/E ratio of 7.818 and a beta of 1.70.

Voya Investment Management LLC raised its stake in shares of TRI Pointe Group, Inc. For the quarter, shares have been noted at 29.55%. The business had revenue of $717.40 million for the quarter, compared to the consensus estimate of $706.65 million. (TPH) stock price rose 55.23 percent over the past one year, while increased 38.39 percent during the past 6 months. During the same period in the previous year, the business posted $0.22 earnings per share.

TRI Pointe Group, Inc. JMP Securities increased their price objective on shares of TRI Pointe Group from $16.00 to $18.00 and gave the company a "market outperform" rating in a report on Thursday. Shares repurchase plans are often an indication that the company's management believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: This report was originally reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this news story on another site, it was illegally copied and reposted in violation of USA and worldwide trademark & copyright laws. Strs Ohio invested 0.02% of its portfolio in TRI Pointe Group Inc (NYSE:TPH). Following the transaction, the insider now owns 274,312 shares in the company, valued at $4,674,276.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Glenn J. Keeler sold 15,401 shares of the firm's stock in a transaction on Friday, October 27th. The shares were sold at an average price of $16.98, for a total transaction of $261,508.98. The disclosure for this sale can be found here. About 5.29 million shares traded or 184.41% up from the average.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings results on Wednesday, October 25th. The fund owned 119,654 shares of the company's stock after buying an additional 18,101 shares during the period. Neuberger Berman Group LLC boosted its position in Tri Pointe Homes by 2.2% in the second quarter. The company's revenue for the quarter was up 24.0% on a year-over-year basis. First Mercantile Trust Co. lifted its holdings in shares of TRI Pointe Group by 3.4% in the 2nd quarter. The Lodestar Investment Counsel Llc holds 325,242 shares with $13.97 million value, up from 315,306 last quarter. Bank of New York Mellon Corp grew its holdings in TRI Pointe Group by 50.0% during the 2nd quarter.

Based on a recent bid, the stock is trading 2.26% away from its 52-week high and 70.53% away from its 52 week low. Finally, Highbridge Capital Management LLC grew its stake in TRI Pointe Group by 210.7% in the 1st quarter. Following the sale, the chief financial officer now directly owns 163,828 shares of the company's stock, valued at approximately $2,460,696.56. Hightower Advsr Limited Liability Company stated it has 43,665 shares or 0.01% of all its holdings. The Company's activities are organized in two principal businesses, including homebuilding and financial services. The Company's homebuilding operation consists of six divisions: Maracay Homes, including activities in Arizona; Pardee Homes, consisting of activities in California and Nevada; Quadrant Homes, consisting of activities in Washington; Trendmaker Homes, consisting of activities in Texas; TRI Pointe Homes, consisting of activities in California and Colorado, and Winchester Homes, consisting of activities in Maryland and Virginia.