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TRI Pointe Group Inc (TPH.N)

TPH.N on New York Stock Exchange

14.28USD
24 Apr 2019
Change (% chg)

$0.12 (+0.85%)
Prev Close
$14.16
Open
$14.16
Day's High
$14.39
Day's Low
$14.07
Volume
504,845
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510,862
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$18.47
52-wk Low
$10.38

Latest Key Developments (Source: Significant Developments)

TRI Pointe Group Entered Second Amended And Restated Credit Agreement
Thursday, 4 Apr 2019 

April 4 (Reuters) - TRI Pointe Group Inc ::TRI POINTE GROUP - ON MARCH 29, CO ENTERED SECOND AMENDED AND RESTATED CREDIT AGREEMENT TO AMENDED AND RESTATED CREDIT AGREEMENT, DATED JULY 7, 2015.TRI POINTE GROUP SAYS CREDIT AGREEMENT CONSISTS OF A $600 MILLION REVOLVING CREDIT FACILITY AND A $250 MILLION TERM LOAN FACILITY - SEC FILING.TRI POINTE GROUP - MAY INCREASE FACILITY TO NOT MORE THAN $1 BILLION IN AGGREGATE, UPON SATISFACTION OF SPECIFIED CONDITIONS.TRI POINTE GROUP INC - REVOLVING FACILITY AND TERM FACILITY MATURE ON MARCH 29, 2023.TRI POINTE GROUP INC - REVOLVING FACILITY CONTAINS A SUBLIMIT OF $75 MILLION FOR LETTERS OF CREDIT.  Full Article

Tri Pointe Group Q4 Earnings Per Share $0.70
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - TRI Pointe Group Inc ::TRI POINTE GROUP, INC. REPORTS 2018 FOURTH QUARTER AND FULL YEAR RESULTS AND ANNOUNCES NEW STOCK REPURCHASE PROGRAM.Q4 ADJUSTED EARNINGS PER SHARE $0.79 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $0.70.Q4 EARNINGS PER SHARE ESTIMATE $0.65 -- REFINITIV IBES DATA.Q4 REVENUE $1.1 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.11 BILLION.FOR Q1 OF 2019, COMPANY EXPECTS TO OPEN 9 NEW COMMUNITIES AND CLOSE OUT OF 7 COMMUNITIES.TRI POINTE - ANTICIPATES DELIVERING 55% TO 60% OF ITS 1,335 HOMES IN BACKLOG AS OF DECEMBER 31, 2018 AT AN AVERAGE SALES PRICE OF $600,000 IN 2019.EXPECTS ITS HOMEBUILDING GROSS MARGIN PERCENTAGE TO BE APPROXIMATELY 16% FOR Q1..ANTICIPATES DELIVERING BETWEEN 4,600 AND 5,000 HOMES AT AN AVERAGE SALES PRICE OF $610,000 TO $620,000 IN 2019.EXPECTS HOMEBUILDING GROSS MARGIN PERCENTAGE TO BE IN RANGE OF 19% TO 20% FOR FULL YEAR..APPROVED A NEW STOCK REPURCHASE PROGRAM AUTHORIZING REPURCHASE OF UP TO $100 MILLION OF COMPANY COMMON STOCK THROUGH MARCH 31, 2020.  Full Article

TRI Pointe Group Expands Into U.S. Metro Area With Acquisition Of Dunhill Homes
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - TRI Pointe Group Inc ::TRI POINTE GROUP EXPANDS INTO TOP U.S. METRO AREA WITH ACQUISITION OF DUNHILL HOMES, A WINCHESTER CARLISLE COMPANY, IN DALLAS-FORT WORTH.TRI POINTE GROUP INC - DEAL FOR CASH PURCHASE PRICE OF APPROXIMATELY $60 MILLION.TRI POINTE GROUP INC - EFFECTIVE JANUARY 1, 2019, DUNHILL HOMES AND NATHAN CARLISLE WILL BEGIN OPERATING UNDER THE NAME OF TRENDMAKER HOMES.TRI POINTE GROUP INC - EFFECTIVE JAN. 1, 2019, DUNHILL HOMES, NATHAN CARLISLE WILL BEGIN OPERATING UNDER THE NAME OF TRENDMAKER HOMES.TRI POINTE GROUP INC - DEAL FOR CASH PURCHASE PRICE OF APPROXIMATELY $60 MILLION.  Full Article

TRI Pointe Group Announces $100 Mln Increase To Its Existing Stock Repurchase Program
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - TRI Pointe Group Inc ::TRI POINTE GROUP, INC. ANNOUNCES $100 MILLION INCREASE TO ITS EXISTING STOCK REPURCHASE PROGRAM.TRI POINTE GROUP INC - INCREASING AGGREGATE AUTHORIZATION UNDER REPURCHASE PROGRAM FROM $100 MILLION TO $200 MILLION.TRI POINTE GROUP - MAY REPURCHASE SHARES OF COMMON STOCK OF UP TO $200 MILLION THROUGH MARCH 31, 2019.  Full Article

TRI Pointe Group Posts Q2 Earnings Per Share $0.42
Friday, 27 Jul 2018 

July 27 (Reuters) - TRI Pointe Group Inc ::TRI POINTE GROUP, INC. REPORTS 2018 SECOND QUARTER RESULTS.Q2 EARNINGS PER SHARE $0.42.Q2 EARNINGS PER SHARE VIEW $0.35 -- THOMSON REUTERS I/B/E/S.DOLLAR VALUE OF BACKLOG AT QUARTER END OF $1.5 BILLION COMPARED TO $1.3 BILLION, AN INCREASE OF 13%.QTRLY NEW HOME ORDERS OF 1,343 COMPARED TO 1,445, A DECREASE OF 7%.TRI POINTE GROUP - FOR Q3, SEES DELIVERING 50% TO 55% OF ITS 2,271 UNITS IN BACKLOG AS OF JUNE 30, 2018 AT AN AVERAGE SALES PRICE OF $630,000.COMPANY ANTICIPATES ITS HOMEBUILDING GROSS MARGIN PERCENTAGE WILL BE IN A RANGE OF 21.0% TO 21.5% FOR Q3.QTRLY HOME SALES REVENUE $768.8 MILLION VERSUS $568.8 MILLION.  Full Article

TRI Pointe Group CEO Douglas Bauer​ sells 42,294 shares of co's common stock on Oct 30
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - TRI Pointe Group Inc :TRI Pointe Group Inc CEO Douglas Bauer​ reports sale of 42,294 shares of co's common stock on Oct 30 at $17.54 per share - SEC filing.  Full Article

Tri Pointe Group, Inc. reports 2017 third quarter results
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Tri Pointe Group Inc :Tri Pointe Group, Inc. Reports 2017 third quarter results.Q3 earnings per share $0.48.Q3 earnings per share view $0.45 -- Thomson Reuters I/B/E/S.Q3 revenue $648.6 million versus I/B/E/S view $707.6 million.Tri Pointe Group Inc - ‍backlog units at quarter end of 2,265 homes compared to 1,711, an increase of 32%​.Tri Pointe Group Inc - ‍anticipates its homebuilding gross margin percentage to be in a range of 21.0% to 22.0% for Q4​.Qtrly new home orders of 1,268, an increase of 36% from Q3 2016 ​.Tri Pointe Group Inc - ‍anticipates its homebuilding gross margin percentage in a range of 20.0% to 21.0% for full year​.Tri Pointe Group Inc - ‍expects its SG&A expense as a percentage of home sales revenue to be in range of 7.6% to 7.8% for Q4 and 10.2% to 10.4% for FY.Tri Pointe Group - ‍anticipates delivering about 75% to 80% of its 2,265 units in backlog as of September 30, 2017 for Q4​.  Full Article

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Signs of relief emerge for battered U.S. homebuilding stocks

NEW YORK U.S. homebuilders' earnings have been hit by rising mortgage rates in the latest quarter, but their shares are showing signs of recovering.