JPMorgan Chase & Co. cut shares of Beazer Homes USA (NYSE:BZH) from an overweight rating to a neutral rating in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage currently has $13.00 price target on the construction company’s stock, down from their previous price target of $18.00.

Several other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Beazer Homes USA from a buy rating to a hold rating in a report on Wednesday, July 4th. ValuEngine downgraded shares of Beazer Homes USA from a sell rating to a strong sell rating in a report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $16.50.

Shares of Beazer Homes USA stock opened at $11.20 on Friday. The firm has a market capitalization of $377.15 million, a P/E ratio of 5.63 and a beta of 2.47. The company has a quick ratio of 1.23, a current ratio of 13.59 and a debt-to-equity ratio of 2.28. Beazer Homes USA has a fifty-two week low of $11.02 and a fifty-two week high of $23.24.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Thursday, July 26th. The construction company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $511.52 million during the quarter, compared to the consensus estimate of $512.33 million. Beazer Homes USA had a negative net margin of 3.59% and a positive return on equity of 10.99%. Beazer Homes USA’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. sell-side analysts forecast that Beazer Homes USA will post 1.75 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. lifted its stake in Beazer Homes USA by 157.4% in the 1st quarter. Prudential Financial Inc. now owns 523,049 shares of the construction company’s stock worth $8,343,000 after purchasing an additional 319,827 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Beazer Homes USA by 3.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 164,409 shares of the construction company’s stock worth $2,623,000 after purchasing an additional 4,928 shares in the last quarter. Northern Trust Corp lifted its stake in Beazer Homes USA by 0.9% in the 1st quarter. Northern Trust Corp now owns 830,427 shares of the construction company’s stock worth $13,245,000 after purchasing an additional 7,404 shares in the last quarter. Federated Investors Inc. PA lifted its stake in Beazer Homes USA by 27.4% in the 1st quarter. Federated Investors Inc. PA now owns 163,091 shares of the construction company’s stock worth $2,601,000 after purchasing an additional 35,087 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Beazer Homes USA by 34.1% in the 1st quarter. New York State Common Retirement Fund now owns 94,089 shares of the construction company’s stock worth $1,501,000 after purchasing an additional 23,918 shares in the last quarter. 85.87% of the stock is owned by institutional investors.

About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes brand name. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

See Also: How to Invest in Marijuana Stocks

Receive News & Ratings for Beazer Homes USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazer Homes USA and related companies with MarketBeat.com's FREE daily email newsletter.