TRI Pointe Group (TPH) Receiving Favorable Media Coverage, Analysis Shows

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The institutional investor owned 31,235 shares of the construction company's stock after purchasing an additional 10,147 shares during the period. Bank of New York Mellon Corp owned about 2.12% of TRI Pointe Group worth $42,340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company.

Is TRI Pointe Group, Inc. Great West Life Assurance Co.

07/11/2017 - Tri Pointe Homes, Inc. was downgraded to "equal-weight" by analysts at Barclays. The firm owned 3,209,949 shares of the construction company's stock after acquiring an additional 1,070,358 shares during the period. Equities research analysts anticipate that TRI Pointe Group will post $1.34 earnings per share for the current year. Omega Advisors Inc. acquired a new stake in TRI Pointe Group in the 1st quarter valued at $45,834,000. Bluecrest Capital Management Ltd claims 147,634 shares with a value of $1,947,000. 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. MFA Financial, Inc. earnings have declined with an annualized rate of -2.3% over the last 5 years. (NYSE:TPH) was up +0.23% during the last trading session, with a day high of 13.15. The latest exchange of 1.84 Million shares is below its average trading activity of 2.9 Million shares. 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 P/E ratio of 15.51 and a beta of 1.66. The company's 50 day moving average price is $13.13 and its 200 day moving average price is $12.83.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $568.80 million for the quarter, compared to the consensus estimate of $563.72 million. The return on equity ratio or ROE stands at 7.4 percent while most common profitability ratio return on investment (ROI) was 5.9 percent. TRI Pointe Group's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share. Of the analysts surveyed by Reuters that track TRI Pointe Group, Inc. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.

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Several brokerages have issued reports on TPH. ValuEngine lowered TRI Pointe Group from a "buy" rating to a "hold" rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of TRI Pointe Group from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a report on Wednesday, July 19th. TheStreet upgraded shares of TRI Pointe Group from a "c" rating to a "b-" rating in a research note on Monday, July 10th. BidaskClub lowered TRI Pointe Group from a "hold" rating to a "sell" rating in a research note on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. As of the last earnings report the EPS was $0.84 and is estimated to be $1.34 for the current year with 151,338,000 shares now outstanding. 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.

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