Zacks Investment Research upgraded shares of Beazer Homes USA, Inc. (NYSE:BZH) from a hold rating to a buy rating in a research note published on Thursday, August 3rd. Zacks Investment Research currently has $17.00 price target on the construction company’s stock.
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. “
A number of other research analysts also recently weighed in on the stock. Zelman & Associates raised shares of Beazer Homes USA from a sell rating to a hold rating in a research report on Friday, May 5th. Credit Suisse Group AG initiated coverage on shares of Beazer Homes USA in a research report on Thursday, June 22nd. They set a neutral rating and a $13.00 target price for the company. Wedbush raised shares of Beazer Homes USA from a neutral rating to an outperform rating and increased their target price for the company from $12.31 to $15.00 in a research report on Thursday, June 15th. Finally, JMP Securities reissued an underperform rating on shares of Beazer Homes USA in a research report on Monday, May 29th. 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 stock. Beazer Homes USA has a consensus rating of Hold and an average price target of $14.13.
Shares of Beazer Homes USA (NYSE:BZH) traded up 0.31% during midday trading on Thursday, reaching $16.12. 497,981 shares of the company’s stock traded hands. Beazer Homes USA has a 12 month low of $9.67 and a 12 month high of $16.38. The stock has a 50-day moving average price of $14.03 and a 200 day moving average price of $13.10. The firm’s market cap is $515.37 million.
Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $478.59 million during the quarter, compared to the consensus estimate of $470.98 million. During the same period in the prior year, the firm posted $0.18 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. Equities research analysts predict that Beazer Homes USA will post $0.86 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Beazer Homes USA by 6.3% in the fourth quarter. State Street Corp now owns 665,687 shares of the construction company’s stock worth $8,852,000 after buying an additional 39,385 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Beazer Homes USA by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 411,170 shares of the construction company’s stock worth $5,469,000 after buying an additional 22,158 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Beazer Homes USA during the fourth quarter worth approximately $2,449,000. Fox Run Management L.L.C. acquired a new stake in shares of Beazer Homes USA during the first quarter worth approximately $271,000. Finally, Nationwide Fund Advisors boosted its stake in shares of Beazer Homes USA by 39.8% in the first quarter. Nationwide Fund Advisors now owns 118,901 shares of the construction company’s stock worth $1,442,000 after buying an additional 33,834 shares during the last quarter. Institutional investors own 81.54% 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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