Shares of TRI Pointe Group, Inc. (NYSE:TPH) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $14.13.

TPH has been the topic of a number of research analyst reports. BidaskClub lowered TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research lowered TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Citigroup Inc. lowered TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Thursday, July 27th. ValuEngine lowered TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Barclays PLC lowered TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 price target on the stock. in a research note on Tuesday, July 11th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Amalgamated Bank boosted its position in TRI Pointe Group by 0.5% in the first quarter. Amalgamated Bank now owns 20,926 shares of the construction company’s stock valued at $262,000 after buying an additional 101 shares during the last quarter. First Mercantile Trust Co. boosted its position in TRI Pointe Group by 3.4% in the second quarter. First Mercantile Trust Co. now owns 18,855 shares of the construction company’s stock valued at $249,000 after buying an additional 625 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in TRI Pointe Group by 1.6% in the second quarter. Nisa Investment Advisors LLC now owns 42,022 shares of the construction company’s stock valued at $548,000 after buying an additional 650 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in TRI Pointe Group by 1.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 50,670 shares of the construction company’s stock worth $635,000 after purchasing an additional 700 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in TRI Pointe Group by 0.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 86,501 shares of the construction company’s stock worth $1,141,000 after purchasing an additional 704 shares in the last quarter. Hedge funds and other institutional investors own 98.68% of the company’s stock.

Shares of TRI Pointe Group (TPH) traded up 0.38% during mid-day trading on Friday, hitting $13.06. 985,858 shares of the stock were exchanged. The stock’s 50 day moving average is $13.13 and its 200-day moving average is $12.83. TRI Pointe Group has a 12 month low of $10.35 and a 12 month high of $14.21. The stock has a market cap of $1.98 billion, a PE ratio of 15.51 and a beta of 1.66.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. TRI Pointe Group had a return on equity of 7.32% and a net margin of 5.77%. The business had revenue of $568.80 million for the quarter, compared to analyst estimates of $563.72 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. On average, analysts anticipate that TRI Pointe Group will post $1.34 EPS for the current year.

TRI Pointe Group announced that its Board of Directors has approved a share buyback plan on Wednesday, July 26th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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About TRI Pointe Group

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

Analyst Recommendations for TRI Pointe Group (NYSE:TPH)

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