TRI Pointe Group Company Profile (NYSE:TPH)

TRI Pointe Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "TPH."

TRI Pointe Group declared that its Board of Directors has authorized a share repurchase program on Wednesday, July 26th 2017, which permits the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

TRI Pointe Group, Inc. (NYSE:TPH) announced its quarterly earnings results on Wednesday, July, 26th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The business had revenue of $568.80 million for the quarter, compared to analysts' expectations of $563.72 million. TRI Pointe Group had a net margin of 7.38% and a return on equity of 9.60%. The business's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. View TRI Pointe Group's Earnings History.

8 brokers have issued 12-month price objectives for TRI Pointe Group's stock. Their predictions range from $10.00 to $17.00. On average, they expect TRI Pointe Group's share price to reach $14.29 in the next twelve months. View Analyst Ratings for TRI Pointe Group.

Here are some recent quotes from research analysts about TRI Pointe Group stock:

• 1. According to Zacks Investment Research, "TRI Pointe Group, Inc. is involved in the design, construction and sale of single-family homes. The company's operating portfolio includes Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia. TRI Pointe Group, Inc., formerly known as Tri Pointe Homes, Inc., is headquartered in Irvine, California. " (7/19/2017)
• 2. FBR & Co analysts commented, "We are adjusting our estimates for TRI Pointe following the company’s 4Q16 results. Our EPS estimate for 2017 is $1.30, which is modestly lower than our last published estimate. We are lowering our price target to $16 (from $17) and reiterating our Outperform rating. Our adjustments reflect modestly lower near-term expectations going into a meaningful ramp in growth in 2H17." (2/23/2017)
• 3. BTIG Research analysts commented, "Though TPH has some high-quality, low-basis California land, we believe the company's business model is not built for sustainable ROE, given (1) relatively low scale economies and local market share; (2) a two-year community count expansion plan that we believe will be difficult to meet; and (3) a pool of SoCal assets that may face competitive challenges as they are brought to market." (2/7/2017)

Some companies that are related to TRI Pointe Group include CalAtlantic Group (CAA), USG Corporation (USG), MasTec (MTZ), EMCOR Group (EME), Rayonier (RYN), Louisiana-Pacific Corporation (LPX), JELD-WEN Holding (JELD), Floor & Decor Holdings (FND), Summit Materials (SUM), Norbord (OSB), Dycom Industries (DY), ABM Industries Incorporated (ABM), Armstrong World Industries (AWI), Trex Company (TREX), GCP Applied Technologies (GCP), KBR (KBR), Simpson Manufacturing Company (SSD) and KB Home (KBH).

TRI Pointe Group's management team includes the folowing people:

• Steven J. Gilbert, Independent Chairman of the Board
• Thomas J. Mitchell, President, Chief Operating Officer
• Douglas F. Bauer, Chief Executive Officer, Director
• Michael D. Grubbs, Chief Financial Officer, Treasurer
• Glenn J. Keeler, Chief Accounting Officer, Vice President
• Bradley W. Blank, Vice President, General Counsel, Secretary
• Lawrence B. Burrows, Independent Director
• Daniel S. Fulton, Independent Director
• Constance B. Moore, Independent Director
• Thomas B. Rogers, Independent Director

TRI Pointe Group's stock is owned by many different of retail and institutional investors. Top institutional investors include PM CAPITAL Ltd (1.26%), Peregrine Capital Management LLC (0.61%), Fisher Asset Management LLC (0.54%), Strs Ohio (0.22%), Mraz Amerine & Associates Inc. (0.15%) and Russell Investments Group Ltd. (0.08%). View Institutional Ownership Trends for TRI Pointe Group.

TRI Pointe Group's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Municipal Employees Retirement System of Michigan, State Treasurer State of Michigan, Creative Planning, US Bancorp DE and Affinity Investment Advisors LLC. View Insider Buying and Selling for TRI Pointe Group.

TRI Pointe Group's stock was purchased by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, PM CAPITAL Ltd, Russell Investments Group Ltd., Leith Wheeler Investment Counsel Ltd., Eqis Capital Management Inc., Peregrine Capital Management LLC, ING Groep NV and Aperio Group LLC. View Insider Buying and Selling for TRI Pointe Group.

Shares of TRI Pointe Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of TRI Pointe Group stock can currently be purchased for approximately $14.02.