Beazer Homes USA, Inc. (BZH) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Beazer Homes USA, Inc. (NYSE:BZH) from a strong sell rating to a hold rating in a report released on Monday.
According to Zacks, “Beazer Homes USA, Inc. designs, builds and sells single family homes. The company designs homes to appeal primarily to entry-level and first move-up home buyers. Their objective is to provide customers with homes that incorporate quality and value. The company’s subsidiary, Beazer Mortgage, originates the mortgages for the company’s home buyers. “
Several other research firms have also recently commented on BZH. TheStreet upgraded Beazer Homes USA from a c rating to a b- rating in a research note on Tuesday, November 14th. ValuEngine cut Beazer Homes USA from a buy rating to a hold rating in a research note on Friday, September 1st. J P Morgan Chase & Co upgraded Beazer Homes USA from a neutral rating to an overweight rating and boosted their price target for the stock from $14.50 to $21.00 in a research note on Thursday, September 14th. Credit Suisse Group reiterated a neutral rating and issued a $21.00 price target (up previously from $15.00) on shares of Beazer Homes USA in a research note on Monday. Finally, Wedbush lowered Beazer Homes USA from an outperform rating to a neutral rating and set a $15.00 price objective for the company. in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and an average price target of $18.50.
Beazer Homes USA (NYSE:BZH) opened at $21.94 on Monday. The company has a market capitalization of $735.94, a PE ratio of 17.43 and a beta of 2.73. Beazer Homes USA has a one year low of $11.18 and a one year high of $23.24. The company has a debt-to-equity ratio of 1.95, a quick ratio of 3.30 and a current ratio of 18.20.
Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Tuesday, November 14th. The construction company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.50. Beazer Homes USA had a return on equity of 6.29% and a net margin of 1.66%. The company had revenue of $673.00 million for the quarter, compared to analysts’ expectations of $645.17 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. sell-side analysts expect that Beazer Homes USA will post 1.33 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in BZH. SG Americas Securities LLC bought a new position in shares of Beazer Homes USA during the third quarter valued at approximately $149,000. Bayesian Capital Management LP bought a new position in shares of Beazer Homes USA during the second quarter valued at approximately $190,000. Neuberger Berman Group LLC grew its holdings in shares of Beazer Homes USA by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock valued at $201,000 after purchasing an additional 118 shares during the last quarter. First Quadrant L P CA bought a new position in shares of Beazer Homes USA during the third quarter valued at approximately $278,000. Finally, CAPROCK Group Inc. bought a new position in shares of Beazer Homes USA during the third quarter valued at approximately $300,000. 84.14% of the stock is owned by hedge funds and other institutional investors.
About Beazer Homes USA
Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.
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