Analysts Set TRI Pointe Group (TPH) Price Target at $18.57

Henrietta Strickland
April 17, 2018

Big Money Sentiment increased to 1.08 in 2017 Q4. However the six-month change in the insider ownership was recorded -64.56%, as well as three-month change in the institutional ownership was recorded 0.98%. Tri Pointe Homes Inc (NYSE:TPH)'s price sits 1.79% above from its SMA 50 of $16.38 and 6.63% far from the SMA 200 which is at $16.91. 60 grew positions while 50 funds amassed positions. Investors holded 164.86 million in 2017Q3 but now own 161.87 million shares or 1.81% less. The Leavell Investment Management Inc holds 49,091 shares with $9.30M value, down from 51,990 last quarter. Dreman Value Mgmt L L C owns 13,913 shares.

Leavell Investment Management Inc decreased Home Depot Inc Com (HD) stake by 5.58% reported in 2017Q4 SEC filing. Bb&T Securities Ltd Liability Com accumulated 92,420 shares or 0.23% of the stock. On average, analysts expect TRI Pointe Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year. (NYSE:TPH) for 52,226 shs. (NYSE:TPH). 24,800 were accumulated by Skba Mgmt Limited Co. The recent close goes a long way in suggesting that the stock price is being underpriced by a 42.94% compared to the most bullish target. Finally, Wedbush increased their price objective on TRI Pointe Group from $19.00 to $21.00 and gave the company an "outperform" rating in a research note on Friday, December 29th. (NYSE:TPH) or 75,000 shs on Tuesday, January 2. Four analysts have provided estimates for TRI Pointe Group's earnings, with estimates ranging from $0.21 to $0.27. Goldman Sachs Group Inc Incorporated Inc owns 1.07 million shs or 0% of their U.S. capital. Captrust holds 0% or 1,583 shs. The lowest target is $13.0 while the high is $17.0. BAUER DOUGLAS F. sold $1.35M worth of stock. Tri Pointe Homes Inc (NYSE:TPH)'s price to sales ratio for trailing twelve month stands at 0.9, whereas its price to book ratio for the most recent quarters is at 1.31. (NYSE:TPH) or 15,401 shares. Analysts are forecasting earnings of $0.24 on a per share basis this quarter. The construction company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.06. During the same period in the previous year, the company posted $0.36 EPS. The stock has been active on the tape, now trading at $16.79, up from yesterday's close by 0.48%. The stock had a trading volume of 1,526,074 shares, compared to its average volume of 1,217,363. Rhumbline Advisers has invested 0.01% in TRI Pointe Group, Inc. (NYSE:TPH) was sold by KEELER GLENN J. TPH outperformed the S&P 500 by 18.61%. TRI Pointe Group reported earnings of $0.05 per share in the same quarter last year, which suggests a positive year over year growth rate of 380%. Therefore 71% are positive. Since October 26, 2017 according to StockzIntelligence Inc Tri Pointe has 9 analyst reports. On Friday, February 23 the firm has "In-Line" rating by Evercore given. (NYSE:TPH) earned "Equal-Weight" rating by Barclays Capital. Zacks Investment Research upgraded shares of TRI Pointe Group from a "strong sell" rating to a "hold" rating in a research report on Wednesday, November 30th. Barclays upgraded shares of TRI Pointe Group from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $17.00 to $21.00 in a report on Friday, January 5th.

TRI Pointe Group announced that its board has approved a stock repurchase plan on Tuesday, February 20th that allows the company to repurchase $100.00 million in shares. (NYSE:TPH) earned "Buy" rating by FBR Capital.

On April, 25 WallStreet expected TRI Pointe Group, Inc. (NYSE:TPH) with "Market Outperform" rating. Deutsche Bank AG now owns 2,004,693 shares of the construction company's stock valued at $35,922,000 after buying an additional 1,582,141 shares during the period. On Thursday, October 26 the firm earned "Hold" rating by BTIG Research. On Friday, December 29 the firm has "Outperform" rating given by Wedbush.

TRI Pointe Group, Inc., through its subsidiary, TRI Pointe Homes, Inc., engages in the design, construction, and sale of single-family attached and detached homes in the United States.The firm is worth $2.54 billion. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases.

Other reports by Click Lancashire

Discuss This Article