P/E (price to earnings) ratio is 16.07 and Forward P/E ratio of 9.1. The lowest 12-month price target for the shares is $10.00, which would be decrease of about -26% of its current value. Finally, Howard Hughes Medical Institute boosted its stake in shares of TRI Pointe Group by 1.7% in the first quarter.
TRI Pointe Group announced that its board has authorized a share repurchase plan on Wednesday, July 26th that authorizes the company to repurchase $50.00 million in shares. Zacks Investment Research raised TRI Pointe Group from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research report on Wednesday, July 19th.
The share price of the company (NYSE:TPH) was up +0.45% during the last trading session, with a high of 13.50 and the volume of Tri Pointe Homes, Inc. shares traded was 2107512. If you are accessing this article on another site, it was stolen and republished in violation of U.S. & worldwide copyright legislation.
COPYRIGHT VIOLATION NOTICE: "TRI Pointe Group, Inc". On average, analysts predict that TRI Pointe Group, Inc. will post $1.35 EPS for the current fiscal year. The company has a 50-day moving average of $13.23 and a 200-day moving average of $12.61. TheStreet raised shares of TRI Pointe Group from a "c" rating to a "b-" rating in a research note on Monday, July 10th. "(TPH) Receives Average Rating of "Hold" from Brokerages" was posted by BNB Daily and is the property of of BNB Daily. Trexquant Investment LP bought a new stake in TRI Pointe Group during the first quarter worth approximately $178,000. 1st Global Advisors Inc. now owns 11,008 shares of the construction company's stock valued at $138,000 after buying an additional 984 shares in the last quarter. The construction company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.20 by $0.01. Leith Wheeler Investment Counsel Ltd. purchased a new position in shares of TRI Pointe Group during the first quarter valued at approximately $1,289,000.
TRI Pointe Group (NYSE:TPH) last posted its earnings results on Wednesday, July 26th. For the next 5 years, TRI Pointe Group, Inc.is expecting Growth of 8.27% per annum, whereas in the past 5 years the growth was 27.62% per annum.
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TRI Pointe Group, Inc is a homebuilder company. Dimensional Fund Advisors LP now owns 13,364,467 shares of the construction company's stock worth $167,592,000 after buying an additional 1,359,721 shares in the last quarter. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. ValuEngine downgraded shares of TRI Pointe Group from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd.
NVR beats TRI Pointe Group on 9 of the 14 factors compared between the two stocks. (NYSE:TPH) have earned an average rating of "Hold" from the twelve analysts that are now covering the company, MarketBeat Ratings reports. The firm's revenue for the quarter was up 2.1% compared to the same quarter past year. BlackRock Inc. now owns 18,584,658 shares of the construction company's stock worth $233,053,000 after buying an additional 18,490,979 shares in the last quarter.
A number of research analysts have recently weighed in on TPH shares. Thrivent Financial for Lutherans now owns 25,130 shares of the construction company's stock valued at $288,000 after buying an additional 2,300 shares during the period. During the same quarter in the previous year, the business earned $0.46 earnings per share. The legal version of this story can be accessed at https://baseballnewssource.com/markets/teachers-retirement-system-of-the-state-of-kentucky-reduces-stake-in-tri-pointe-group-inc-nysetph/1354379.html. Citigroup Inc. lowered shares of 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. Investors can use these support and resistance levels to refine their entries and exits from stocks. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.
Several institutional investors have recently modified their holdings of the company. 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.