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TRI Pointe Group [TPH] gets a downgrade to Sector Perform from RBC Capital

RBC Capital took its TRI Pointe Group [TPH] rating to the equivalent of Sector Perform from Outperform, and the price target to $19.0 from $22, in a research note dated 2021-01-08. That figure represents around a 0.16% premium from where the company’s shares closed on Thursday. Other analysts also revised their coverage, with Wedbush’s analysts upgrading the shares from “a Neutral” rating to “an Outperform” rating in a research note to investors issued in early September. Meanwhile, Susquehanna had raised its rating on TPH to “Positive” from the earlier “Neutral”, in a research note produced for clients July 27, 2020. In addition, there was an upgrade from Evercore ISI on July 23, 2020. The rater changed TPH from “an In-line” to “an Outperform”.

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Is TRI Pointe Group Inc. [NYSE:TPH] a Good Buy Right Now?

It should be noted that TPH technical indicators for short, intermediate as well as long term progress have placed an overall average of 48% as Buy. The average signal changed from 24% Buy in the last week and compares with 8% Buy in the past month. Data from TRI Pointe Group Inc.’s Trend Spotter indicated that the signals were Bearish. The stock current average is 1.61 million shares in the past 20 days and the short term average signal indicates a Hold. In the last 50 days, the average trading volume was 1.7 million shares while the medium term average advocated for 50% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.6 million shares.

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TPH Price Performance

On Wall Street, TRI Pointe Group Inc. [NYSE:TPH] finished Thursday’s session up 9.77% at $18.98. The stock went up to $19.025 at the same session while its lowest single day price was $17.28. In the last five days, it saw a rise of about 8.21%, TRI Pointe Group Inc. shares gained by almost 10.03% since the beginning of the year. However, the share price has dropped to as low as -3.11% below its one year high. On 01/07/21, the company shares recorded $19.02, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/06/21, the same year at $16.59. The company’s shares have inclined by 20.51% in the past year. The 50-day SMA achieved is $17.39 while the 200-day SMA is $15.52. Volume gained to 3.66 million from 2.55 million in the previous session.

TRI Pointe Group Inc. [TPH] Valuation Measures

Notably, TRI Pointe Group Inc. [TPH] stock can be classified as a good candidate in the listing of underestimated low-priced Residential Construction companies to purchase soonest possible with the prevailing 12-month PE ratio of 8.94. The measure means the stock is exchanging at a discount as compared to the 11.83x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 0.73 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 0.86 which means TPH serve an attractive investment opportunity compared to its competitors.

TPH Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 17.83 level, and in case of violation of this particular level, it will cause more drop to 16.68 level. On the upper level, 20.17 is still the key resistance. The stock may increase to the subsequent resistance at 19.58. The Relative Strength Index (RSI) pinned on the 14-day chart is 65.41, implying a neutral technical stance while the MACD stands at 0.19, meaning price will decrease in the next trading period. Percent R indicator moved to 1.85%, implying bullish price movement. Stochastic %K at 56.16% suggest selling the stock.

What is the short interest in TRI Pointe Group Inc.?

Short interest in the TRI Pointe Group Inc. stock has surged, increasing by 1.08 million shares to total 9.39 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 10.47 million, data from Yahoo Finance shows. The decrease of -11.5% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 8.75% of the overall float for the stock.

TRI Pointe Group Inc.’s Biggest Shareholders: Who Owns TRI Pointe Group Inc. [TPH]?

Filings by BlackRock Fund Advisors showed that the firm now holds a total of 15,130,310 shares or roughly 11.93% of the outstanding TPH shares. This means their shares have reduced by -61,168 from the 15,130,310 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $202,111,241. Details in the latest 13F filings reveal that Dimensional Fund Advisors LP disposed off their -8.28% stake valued at $169,956,030 while Fidelity Management & Research Co cut theirs at $102,958,231. During the last quarter, Dimensional Fund Advisors LP liquidated -877,679 of its shares in TRI Pointe Group Inc. while Fidelity Management & Research Co sold -1,592,468 shares. The SSgA Funds Management, Inc.’s holdings currently number 5,044,558 shares at $95745710.84. According to the firm’s last 13F report, JPMorgan Investment Management, I shares in the company at filing stood at 4,623,577 shares, roughly $80,820,126.

TPH Earnings Forecast For The Current Quarter

TRI Pointe Group Inc. [TPH] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $958.39M and an earnings per share of $0.66 for Dec 2020. Looking further ahead, the company is expected to report revenue of $793.42M at an EPS of $0.46 for Mar 2021. The estimates represent downside of 17.10% and 31.23% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.

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TPH Earnings Estimates For The Current Year

For the financial year, TRI Pointe Group Inc. [NYSE:TPH] is expected to bring in revenue of $3.16B. The returns are nearly $80.0 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 1.92, higher than that of FY19 by $0.45. Estimates put this year’s earnings growth at 30.60%, 31.80% for the next, and at an annual -0.60% over the next 5-year period. As for sales, forecasts are for an increase of 2.50% in the current fiscal year and a further 17.10% over the following year.

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