TRI Pointe Group Inc (TPH) is Initiated by Wedbush to Outperform, Price Target at $17

TRI Pointe Group Inc (TPH) was Initiated by Wedbush to “Outperform” and the brokerage firm has set the Price Target at $17. Wedbush advised their investors in a research report released on Sep 20, 2016.

Many Wall Street Analysts have commented on TRI Pointe Group Inc. Company shares were Reiterated by FBR Capital on Jul 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 17 from a previous price target of $15 .

On the company’s financial health, TRI Pointe Group Inc reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.29. The company had revenue of $556.93 million for the quarter, compared to analysts expectations of $548.75 million. The company’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

TRI Pointe Group Inc closed down -0.17 points or -1.35% at $12.38 with 2,012,346 shares getting traded on Friday. Post opening the session at $12.49, the shares hit an intraday low of $12.31 and an intraday high of $12.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jul 2, 2015, Douglas F. Bauer (Chief Executive Officer) sold 80,000 shares at $15.20 per share price. According to the SEC, on Jul 2, 2015, Michael D. Grubbs (CFO and Treasurer) sold 45,000 shares at $15.22 per share price. On Jun 26, 2015, Thomas J. Mitchell (President, COO and Secretary) sold 25,000 shares at $16.00 per share price, according to the Form-4 filing with the securities and exchange commission.

TRI Pointe Group Inc. formerly Tri Pointe Homes Inc. is engaged in the design construction and sale of single-family homes. The Company’s operations are organized into six segments: Maracay consisting of operations in Arizona; Pardee consisting of operations in California and Nevada; Quadrant consisting of operations in Washington; Trendmaker consisting of operations in Texas; TRI Pointe consisting of operations in California and Colorado and Winchester consisting of operations in Maryland and Virginia. The Company operates approximately 108 communities and 29718 lots owned or controlled. The Company sells its homes through its own sales representatives and through independent real estate brokers.

TRI Pointe Group Inc

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