TheStreet upgraded shares of TRI Pointe Group (NYSE:TPH) from a c+ rating to a b rating in a report issued on Wednesday morning, TheStreetRatingsTable reports.

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered TRI Pointe Group from a hold rating to a sell rating in a research note on Tuesday, July 30th. ValuEngine raised TRI Pointe Group from a sell rating to a hold rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $13.60.

Shares of TPH opened at $14.87 on Wednesday. TRI Pointe Group has a 52-week low of $10.37 and a 52-week high of $15.18. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.64 and a current ratio of 0.64. The business’s 50 day moving average price is $13.95 and its two-hundred day moving average price is $13.17. The firm has a market cap of $2.14 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 1.10 and a beta of 1.16.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings results on Thursday, July 25th. The construction company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.04. TRI Pointe Group had a return on equity of 9.96% and a net margin of 6.12%. The firm had revenue of $692.10 million for the quarter, compared to analyst estimates of $635.33 million. During the same period in the previous year, the firm earned $0.42 earnings per share. The company’s revenue was down 10.0% compared to the same quarter last year. Research analysts predict that TRI Pointe Group will post 1.25 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in shares of TRI Pointe Group during the second quarter worth approximately $31,000. NumerixS Investment Technologies Inc raised its position in shares of TRI Pointe Group by 53.8% during the second quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the construction company’s stock worth $48,000 after purchasing an additional 1,400 shares during the period. Penserra Capital Management LLC acquired a new position in shares of TRI Pointe Group during the first quarter worth approximately $56,000. Dupont Capital Management Corp raised its position in shares of TRI Pointe Group by 107.1% during the second quarter. Dupont Capital Management Corp now owns 8,700 shares of the construction company’s stock worth $104,000 after purchasing an additional 4,500 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of TRI Pointe Group by 12.0% during the second quarter. Public Employees Retirement System of Ohio now owns 9,581 shares of the construction company’s stock worth $115,000 after purchasing an additional 1,023 shares during the period.

TRI Pointe Group Company Profile

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 6 brands across 10 states, including Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, 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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