Beazer Homes USA (BZH) Lifted to “Hold” at Zacks Investment Research

Beazer Homes USA (NYSE:BZH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Monday, November 20th.

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. “

Other equities analysts also recently issued research reports about the stock. Wedbush downgraded shares of Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a research note on Tuesday, August 8th. BidaskClub upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. TheStreet upgraded shares of Beazer Homes USA from a “c” rating to a “b-” rating in a research note on Tuesday, November 14th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $21.00 target price (up from $15.00) on shares of Beazer Homes USA in a report on Monday, November 20th. Finally, J P Morgan Chase & Co raised shares of Beazer Homes USA from a “neutral” rating to an “overweight” rating and upped their target price for the company from $14.50 to $21.00 in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.50.

Shares of Beazer Homes USA (BZH) opened at $20.10 on Monday. The stock has a market capitalization of $680.30, a P/E ratio of 16.11 and a beta of 2.69. The company has a debt-to-equity ratio of 1.95, a current ratio of 18.20 and a quick ratio of 3.30. Beazer Homes USA has a 12-month low of $11.18 and a 12-month high of $23.24.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Tuesday, November 14th. The construction company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.50. The business had revenue of $673.00 million during the quarter, compared to the consensus estimate of $645.17 million. Beazer Homes USA had a net margin of 1.66% and a return on equity of 6.29%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. equities research analysts expect that Beazer Homes USA will post 1.33 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. American International Group Inc. increased its holdings in Beazer Homes USA by 7.1% in the first quarter. American International Group Inc. now owns 19,387 shares of the construction company’s stock valued at $235,000 after buying an additional 1,283 shares in the last quarter. Wellington Management Group LLP purchased a new position in Beazer Homes USA in the first quarter valued at about $335,000. Teachers Advisors LLC increased its holdings in Beazer Homes USA by 3.2% in the first quarter. Teachers Advisors LLC now owns 61,075 shares of the construction company’s stock valued at $741,000 after buying an additional 1,910 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Beazer Homes USA by 19.4% in the first quarter. Vanguard Group Inc. now owns 1,594,255 shares of the construction company’s stock valued at $19,339,000 after purchasing an additional 258,694 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Beazer Homes USA by 8.1% in the first quarter. Geode Capital Management LLC now owns 251,019 shares of the construction company’s stock valued at $3,044,000 after purchasing an additional 18,821 shares during the last quarter. 83.48% of the stock is owned by hedge funds and other institutional investors.

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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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