Media headlines about TRI Pointe Group (NYSE:TPH) have been trending positive on Tuesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TRI Pointe Group earned a coverage optimism score of 0.43 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 45.9880560231045 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
TPH has been the subject of a number of recent research reports. Gabelli increased their price objective on TRI Pointe Group from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Thursday, August 3rd. ValuEngine upgraded TRI Pointe Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. FBR & Co reiterated a “buy” rating and set a $20.00 price target on shares of TRI Pointe Group in a report on Thursday, October 26th. Finally, B. Riley reiterated a “buy” rating on shares of TRI Pointe Group in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $17.00.
TRI Pointe Group (TPH) traded up $0.17 during mid-day trading on Tuesday, hitting $17.95. 2,135,602 shares of the stock were exchanged, compared to its average volume of 1,941,740. The company has a market cap of $2,680.00, a PE ratio of 16.19, a PEG ratio of 1.19 and a beta of 1.75. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.80. TRI Pointe Group has a one year low of $11.31 and a one year high of $18.09.
TRI Pointe Group (NYSE:TPH) last released its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The company had revenue of $717.40 million for the quarter, compared to analysts’ expectations of $706.65 million. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The business’s revenue was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 EPS. research analysts forecast that TRI Pointe Group will post 1.36 EPS for the current year.
TRI Pointe Group declared that its board has initiated a share buyback program on Wednesday, July 26th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, VP Glenn J. Keeler sold 15,401 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $16.98, for a total transaction of $261,508.98. Following the transaction, the vice president now owns 36,399 shares of the company’s stock, valued at approximately $618,055.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas J. Mitchell sold 291,039 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $17.04, for a total transaction of $4,959,304.56. Following the transaction, the insider now directly owns 274,312 shares in the company, valued at approximately $4,674,276.48. The disclosure for this sale can be found here. Insiders have sold a total of 913,459 shares of company stock worth $15,111,927 in the last three months. Insiders own 2.20% of the company’s stock.
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.
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