TRI Pointe Group (NYSE:TPH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday, Zacks.com reports. The firm presently has a $17.00 target price on the construction company’s stock. Zacks Investment Research‘s price target points to a potential upside of 5.92% from the stock’s previous close.

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. “

A number of other brokerages have also issued reports on TPH. ValuEngine lowered TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. B. Riley set a $18.00 price target on TRI Pointe Group and gave the company a “buy” rating in a research note on Tuesday, October 15th. TheStreet raised TRI Pointe Group from a “c+” rating to a “b” rating in a research note on Wednesday, September 18th. Finally, Royal Bank of Canada raised TRI Pointe Group from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $15.00 to $17.00 in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. TRI Pointe Group presently has an average rating of “Hold” and an average price target of $15.33.

Shares of NYSE TPH opened at $16.05 on Friday. The stock has a fifty day moving average price of $14.60 and a two-hundred day moving average price of $13.47. 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 firm has a market cap of $2.25 billion, a P/E ratio of 8.45, a PEG ratio of 1.15 and a beta of 1.14. TRI Pointe Group has a 1 year low of $10.37 and a 1 year high of $16.09.

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 analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $692.10 million during the quarter, compared to analyst estimates of $635.33 million. TRI Pointe Group had a return on equity of 9.96% and a net margin of 6.12%. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. On average, research analysts predict that TRI Pointe Group will post 1.25 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TPH. Tower Research Capital LLC TRC bought a new stake in shares of TRI Pointe Group during the 2nd quarter worth $31,000. NumerixS Investment Technologies Inc boosted its stake in shares of TRI Pointe Group by 53.8% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the construction company’s stock worth $48,000 after acquiring an additional 1,400 shares in the last quarter. Signaturefd LLC boosted its stake in shares of TRI Pointe Group by 16.9% during the 3rd quarter. Signaturefd LLC now owns 4,617 shares of the construction company’s stock worth $69,000 after acquiring an additional 667 shares in the last quarter. Dupont Capital Management Corp boosted its stake in shares of TRI Pointe Group by 107.1% during the 2nd quarter. Dupont Capital Management Corp now owns 8,700 shares of the construction company’s stock worth $104,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of TRI Pointe Group by 12.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,581 shares of the construction company’s stock worth $115,000 after acquiring an additional 1,023 shares in the last quarter.

About TRI Pointe Group

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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