TRI Pointe Group, Inc. (NYSE:TPH) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 1,043 call options on the company. This is an increase of approximately 933% compared to the typical daily volume of 101 call options.
A number of equities research analysts recently commented on TPH shares. Barclays set a $17.00 price objective on shares of TRI Pointe Group and gave the company a “hold” rating in a research report on Thursday, October 26th. ValuEngine upgraded shares of TRI Pointe Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. JMP Securities raised their price objective on shares of TRI Pointe Group from $16.00 to $18.00 and gave the company a “market outperform” rating in a research report on Thursday, October 26th. B. Riley restated a “buy” rating on shares of TRI Pointe Group in a research report on Wednesday, November 1st. Finally, Zacks Investment Research downgraded shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.00.
In related news, VP Bradley William Blank sold 14,725 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $17.54, for a total transaction of $258,276.50. Following the transaction, the vice president now owns 49,070 shares of the company’s stock, valued at $860,687.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas J. Mitchell sold 291,039 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $17.04, for a total value 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. In the last three months, insiders have sold 913,459 shares of company stock worth $15,111,927. Corporate insiders own 2.20% of the company’s stock.
TRI Pointe Group (TPH) opened at $17.29 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.43 and a current ratio of 0.43. TRI Pointe Group has a 12 month low of $11.31 and a 12 month high of $18.44. The firm has a market cap of $2,584.43, a P/E ratio of 15.62, a PEG ratio of 1.15 and a beta of 1.74.
TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The business had revenue of $717.40 million during the quarter, compared to analysts’ expectations of $706.65 million. During the same period last year, the company posted $0.22 EPS. The company’s revenue was up 24.0% on a year-over-year basis. research analysts predict that TRI Pointe Group will post 1.36 earnings per share for the current year.
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TRI Pointe Group Company Profile
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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