Beazer Homes USA (NYSE:BZH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Beazer Homes USA (NYSE:BZH) from a sell rating to a hold rating in a research report report published on Saturday morning.

BZH has been the subject of several other research reports. Zacks Research downgraded Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Beazer Homes USA in a report on Monday, December 8th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $31.33.

Beazer Homes USA Stock Performance

NYSE:BZH opened at $22.38 on Friday. The stock’s 50-day moving average is $22.40 and its 200-day moving average is $23.39. Beazer Homes USA has a 1-year low of $17.37 and a 1-year high of $31.11. The company has a current ratio of 16.21, a quick ratio of 2.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $665.88 million, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 0.96 and a beta of 2.16.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Thursday, November 13th. The construction company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.27. Beazer Homes USA had a net margin of 1.92% and a return on equity of 4.46%. The business had revenue of $791.90 million during the quarter, compared to analyst estimates of $674.80 million. During the same quarter last year, the business earned $1.69 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. Equities research analysts anticipate that Beazer Homes USA will post 3.48 earnings per share for the current year.

Institutional Trading of Beazer Homes USA

Several hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new position in shares of Beazer Homes USA during the 3rd quarter valued at $37,000. Comerica Bank purchased a new stake in Beazer Homes USA during the third quarter valued at about $48,000. Osaic Holdings Inc. boosted its position in Beazer Homes USA by 454.9% during the second quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock worth $47,000 after purchasing an additional 1,724 shares during the period. US Bancorp DE increased its stake in shares of Beazer Homes USA by 48.1% in the first quarter. US Bancorp DE now owns 2,523 shares of the construction company’s stock worth $51,000 after purchasing an additional 819 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in shares of Beazer Homes USA in the third quarter valued at approximately $70,000. Institutional investors own 85.65% of the company’s stock.

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.