Beazer Homes USA (NYSE:BZH) Rating Increased to Hold at StockNews.com

Beazer Homes USA (NYSE:BZH) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

BZH has been the subject of a number of other research reports. Oppenheimer initiated coverage on Beazer Homes USA in a research report on Friday, May 31st. They set an “outperform” rating and a $37.00 price target for the company. Wedbush reaffirmed a “neutral” rating and set a $33.00 target price on shares of Beazer Homes USA in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Beazer Homes USA currently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Beazer Homes USA Stock Performance

BZH opened at $28.77 on Tuesday. The company has a market cap of $907.69 million, a P/E ratio of 5.55, a price-to-earnings-growth ratio of 1.26 and a beta of 2.14. The company has a quick ratio of 1.30, a current ratio of 13.50 and a debt-to-equity ratio of 0.88. The firm’s 50-day moving average price is $28.64 and its 200-day moving average price is $29.89. Beazer Homes USA has a 52-week low of $21.30 and a 52-week high of $35.93.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.35. The business had revenue of $541.50 million for the quarter, compared to analyst estimates of $569.88 million. Beazer Homes USA had a net margin of 7.48% and a return on equity of 13.97%. Beazer Homes USA’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 EPS. As a group, equities analysts anticipate that Beazer Homes USA will post 4.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $28.31, for a total value of $424,650.00. Following the completion of the transaction, the executive vice president now directly owns 195,819 shares of the company’s stock, valued at $5,543,635.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.99% of the stock is owned by insiders.

Institutional Investors Weigh In On Beazer Homes USA

Hedge funds have recently modified their holdings of the company. Donald Smith & CO. Inc. lifted its holdings in Beazer Homes USA by 58.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock valued at $87,403,000 after purchasing an additional 958,814 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Beazer Homes USA in the 4th quarter valued at about $24,971,000. Vanguard Group Inc. boosted its holdings in Beazer Homes USA by 31.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,194,979 shares of the construction company’s stock worth $54,677,000 after buying an additional 521,596 shares during the last quarter. Boston Partners purchased a new stake in Beazer Homes USA during the 1st quarter worth approximately $15,411,000. Finally, Brightline Capital Management LLC acquired a new position in shares of Beazer Homes USA during the fourth quarter valued at approximately $10,137,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.