TRI Pointe Group (NYSE:TPH) Share Price Passes Below 50-Day Moving Average of $12.34

TRI Pointe Group Inc (NYSE:TPH)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $12.34 and traded as low as $12.33. TRI Pointe Group shares last traded at $12.61, with a volume of 32,033 shares.

A number of equities research analysts have issued reports on TPH shares. Susquehanna Bancshares started coverage on shares of Dow Chemical in a research note on Wednesday, April 17th. They set a “positive” rating on the stock. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 27th. ValuEngine downgraded shares of Zuora from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Finally, Wedbush set a $269.00 price objective on shares of United Therapeutics and gave the stock a “buy” rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.11.

The company’s 50 day moving average is $12.34. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market cap of $1.74 billion, a P/E ratio of 6.62, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. TRI Pointe Group had a net margin of 7.16% and a return on equity of 11.87%. The company had revenue of $492.70 million for the quarter, compared to the consensus estimate of $467.11 million. During the same period last year, the company posted $0.28 EPS. The firm’s quarterly revenue was down 15.4% compared to the same quarter last year. As a group, equities analysts expect that TRI Pointe Group Inc will post 1.27 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Mason Street Advisors LLC boosted its stake in shares of TRI Pointe Group by 1.1% in the 1st quarter. Mason Street Advisors LLC now owns 75,336 shares of the construction company’s stock valued at $952,000 after purchasing an additional 850 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its position in TRI Pointe Group by 4.7% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 21,402 shares of the construction company’s stock worth $256,000 after buying an additional 954 shares during the period. Great West Life Assurance Co. Can boosted its position in TRI Pointe Group by 1.6% during the 4th quarter. Great West Life Assurance Co. Can now owns 91,355 shares of the construction company’s stock worth $928,000 after buying an additional 1,413 shares during the period. South Dakota Investment Council boosted its position in TRI Pointe Group by 0.3% during the 1st quarter. South Dakota Investment Council now owns 495,550 shares of the construction company’s stock worth $6,264,000 after buying an additional 1,550 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in TRI Pointe Group by 4.8% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 34,000 shares of the construction company’s stock worth $407,000 after buying an additional 1,570 shares during the period.

About TRI Pointe Group (NYSE:TPH)

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.

See Also: Cash Flow

Receive News & Ratings for TRI Pointe Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRI Pointe Group and related companies with MarketBeat.com's FREE daily email newsletter.