Zacks Investment Research Upgrades Beazer Homes USA (BZH) to Buy

Zacks Investment Research upgraded shares of Beazer Homes USA (NYSE:BZH) from a hold rating to a buy rating in a report published on Monday morning. The brokerage currently has $17.00 price objective 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. “

Several other analysts have also recently weighed in on BZH. TheStreet raised shares of Beazer Homes USA from a c rating to a b- rating in a report on Tuesday, November 14th. Credit Suisse Group reaffirmed a neutral rating and issued a $21.00 target price (up previously from $15.00) on shares of Beazer Homes USA in a report on Monday, November 20th. ValuEngine raised shares of Beazer Homes USA from a hold rating to a buy rating in a report on Friday, February 2nd. Finally, JMP Securities raised shares of Beazer Homes USA from an underperform rating to a market perform rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $20.25.

Shares of Beazer Homes USA (BZH) opened at $16.45 on Monday. The firm has a market cap of $565.12, a P/E ratio of 10.99 and a beta of 2.54. Beazer Homes USA has a 1-year low of $11.18 and a 1-year high of $23.24. The company has a quick ratio of 2.27, a current ratio of 18.95 and a debt-to-equity ratio of 2.40.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Tuesday, November 14th. The construction company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.50. The firm had revenue of $673.00 million for the quarter, compared to analysts’ expectations of $645.17 million. Beazer Homes USA had a negative net margin of 5.01% and a positive return on equity of 7.99%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 earnings per share. equities analysts forecast that Beazer Homes USA will post 1.75 EPS for the current year.

In related news, Director Stephen P. Zelnak, Jr. acquired 30,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were bought at an average price of $15.65 per share, with a total value of $469,500.00. Following the completion of the acquisition, the director now owns 319,364 shares in the company, valued at $4,998,046.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen P. Zelnak, Jr. acquired 15,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were bought at an average cost of $15.68 per share, for a total transaction of $235,200.00. Following the acquisition, the director now owns 319,364 shares of the company’s stock, valued at approximately $5,007,627.52. The disclosure for this purchase can be found here. 7.60% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in Beazer Homes USA during the third quarter worth approximately $149,000. Centaurus Financial Inc. acquired a new stake in Beazer Homes USA during the fourth quarter worth approximately $204,000. Teacher Retirement System of Texas acquired a new stake in Beazer Homes USA during the fourth quarter worth approximately $210,000. Stone Ridge Asset Management LLC acquired a new stake in Beazer Homes USA during the fourth quarter worth approximately $219,000. Finally, Voya Investment Management LLC raised its holdings in Beazer Homes USA by 13.0% during the second quarter. Voya Investment Management LLC now owns 17,040 shares of the construction company’s stock worth $234,000 after purchasing an additional 1,963 shares in the last quarter. 84.13% of the stock is currently owned by 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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