Beazer Homes USA, Inc. (NYSE:BZH) Given Consensus Rating of “Hold” by Analysts
Beazer Homes USA, Inc. (NYSE:BZH) has been given an average rating of “Hold” by the seven brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $14.13.
A number of analysts have recently weighed in on BZH shares. BidaskClub upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, July 4th. Zelman & Associates upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Friday, May 5th. Wedbush downgraded shares of Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Tuesday. Finally, Credit Suisse Group started coverage on shares of Beazer Homes USA in a report on Thursday, June 22nd. They issued a “neutral” rating and a $13.00 target price on the stock.
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Beazer Homes USA (NYSE BZH) opened at 15.49 on Friday. Beazer Homes USA has a 52 week low of $9.67 and a 52 week high of $16.26. The company’s market capitalization is $495.23 million. The stock’s 50 day moving average price is $13.88 and its 200-day moving average price is $13.09.
Beazer Homes USA (NYSE:BZH) last posted its earnings results on Tuesday, August 1st. The construction company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The firm had revenue of $478.59 million for the quarter, compared to the consensus estimate of $470.98 million. During the same period in the previous year, the firm posted $0.18 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities research analysts predict that Beazer Homes USA will post $0.86 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Beazer Homes USA during the first quarter worth $114,000. Nordea Investment Management AB increased its position in shares of Beazer Homes USA by 12.4% in the first quarter. Nordea Investment Management AB now owns 10,886 shares of the construction company’s stock valued at $132,000 after buying an additional 1,200 shares during the last quarter. Teza Capital Management LLC purchased a new position in shares of Beazer Homes USA during the first quarter valued at approximately $167,000. Neuberger Berman Group LLC increased its position in shares of Beazer Homes USA by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock valued at $201,000 after buying an additional 118 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Beazer Homes USA during the first quarter valued at approximately $213,000. Hedge funds and other institutional investors own 81.04% of the company’s stock.
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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