Positive Press Coverage Somewhat Unlikely to Affect TRI Pointe Group (TPH) Share Price

News stories about TRI Pointe Group (NYSE:TPH) have trended positive on Friday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TRI Pointe Group earned a news sentiment score of 0.39 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 46.7163037559728 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have impacted Accern’s analysis:

TRI Pointe Group (NYSE:TPH) opened at $19.33 on Friday. TRI Pointe Group has a one year low of $11.36 and a one year high of $19.55. The company has a market capitalization of $2,920.00, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.06 and a beta of 1.74. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.80.

TRI Pointe Group (NYSE:TPH) last released its earnings results on Wednesday, October 25th. The construction company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The firm had revenue of $717.40 million during the quarter, compared to analysts’ expectations of $706.65 million. TRI Pointe Group had a return on equity of 9.32% and a net margin of 6.97%. TRI Pointe Group’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 EPS. analysts anticipate that TRI Pointe Group will post 1.37 earnings per share for the current fiscal year.

Several research firms recently commented on TPH. Zacks Investment Research raised TRI Pointe Group from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Saturday, January 6th. Barclays raised TRI Pointe Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $17.00 to $21.00 in a research note on Friday, January 5th. ValuEngine raised TRI Pointe Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Wedbush boosted their target price on TRI Pointe Group from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Friday, December 29th. Finally, B. Riley reissued a “buy” rating on shares of TRI Pointe Group in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $18.22.

In other news, VP Glenn J. Keeler sold 15,401 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $16.98, for a total transaction of $261,508.98. Following the completion of the transaction, the vice president now directly owns 36,399 shares of the company’s stock, valued at approximately $618,055.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Bradley William Blank sold 14,725 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $17.54, for a total value of $258,276.50. Following the transaction, the vice president now directly owns 49,070 shares of the company’s stock, valued at $860,687.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,139,281 shares of company stock valued at $19,304,905. Insiders own 2.20% of the company’s stock.

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About TRI Pointe Group

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.

Insider Buying and Selling by Quarter for TRI Pointe Group (NYSE:TPH)

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