Stock Traders Buy High Volume of TRI Pointe Group Call Options (TPH)

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.

A number of hedge funds have recently added to or reduced their stakes in TPH. Bank of New York Mellon Corp grew its stake in shares of TRI Pointe Group by 50.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,209,949 shares of the construction company’s stock valued at $42,340,000 after buying an additional 1,070,358 shares during the period. Teachers Advisors LLC grew its stake in shares of TRI Pointe Group by 286.4% during the 2nd quarter. Teachers Advisors LLC now owns 1,008,772 shares of the construction company’s stock valued at $13,306,000 after buying an additional 747,688 shares during the period. BlackRock Inc. grew its stake in shares of TRI Pointe Group by 3.8% during the 2nd quarter. BlackRock Inc. now owns 19,293,793 shares of the construction company’s stock valued at $254,486,000 after buying an additional 709,135 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of TRI Pointe Group by 45.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,201,102 shares of the construction company’s stock valued at $29,032,000 after buying an additional 691,352 shares during the period. Finally, State Street Corp grew its stake in shares of TRI Pointe Group by 9.1% during the 2nd quarter. State Street Corp now owns 6,403,500 shares of the construction company’s stock valued at $84,461,000 after buying an additional 536,624 shares during the period.

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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