Brokerages Set Beazer Homes USA Inc. (NYSE:BZH) Price Target at $16.13
Beazer Homes USA Inc. (NYSE:BZH) has received a consensus recommendation of “Hold” from the six brokerages that are covering the firm. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $16.13.
Separately, Zacks Investment Research upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Monday, July 18th.
Shares of Beazer Homes USA (NYSE:BZH) opened at 11.66 on Thursday. Beazer Homes USA has a 12-month low of $6.07 and a 12-month high of $15.79. The firm has a market cap of $370.94 million, a P/E ratio of 1.15 and a beta of 3.13. The stock has a 50 day moving average price of $11.14 and a 200 day moving average price of $9.09.
Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.07. Beazer Homes USA had a return on equity of 6.98% and a net margin of 19.85%. The business earned $459.90 million during the quarter, compared to analysts’ expectations of $435.58 million. During the same quarter last year, the business posted $0.38 EPS. The business’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts expect that Beazer Homes USA will post $0.38 earnings per share for the current year.
In other Beazer Homes USA news, Director Stephen P. Zelnak, Jr. acquired 13,649 shares of the company’s stock in a transaction on Friday, August 26th. The stock was acquired at an average price of $10.50 per share, for a total transaction of $143,314.50. Following the acquisition, the director now owns 278,087 shares in the company, valued at approximately $2,919,913.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen P. Zelnak, Jr. acquired 50,000 shares of the company’s stock in a transaction on Monday, August 8th. The stock was acquired at an average price of $9.70 per share, with a total value of $485,000.00. Following the acquisition, the director now owns 241,920 shares in the company, valued at approximately $2,346,624. The disclosure for this purchase can be found here. 5.90% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in BZH. BlackRock Inc. boosted its position in Beazer Homes USA by 503.7% in the second quarter. BlackRock Inc. now owns 13,729 shares of the company’s stock worth $107,000 after buying an additional 11,455 shares during the last quarter. Neuberger Berman Group LLC purchased a new position in Beazer Homes USA during the second quarter worth approximately $126,000. Quantitative Investment Management LLC purchased a new position in Beazer Homes USA during the second quarter worth approximately $131,000. Princeton Alpha Management LP boosted its position in Beazer Homes USA by 78.6% in the second quarter. Princeton Alpha Management LP now owns 20,991 shares of the company’s stock worth $163,000 after buying an additional 9,241 shares during the last quarter. Finally, Oxford Asset Management purchased a new position in Beazer Homes USA during the second quarter worth approximately $177,000. Institutional investors and hedge funds own 87.56% of the company’s stock.
About Beazer Homes USA
Beazer Homes USA, Inc is a diversified homebuilder with operations in 16 states within three geographic regions in the United States: West, East and Southeast. The Company’s homes are designed to appeal to homeowners at various price points across various demographic segments and are generally offered for sale in advance of their construction.
Receive News & Stock Ratings for Beazer Homes USA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazer Homes USA Inc. and related stocks with our FREE daily email newsletter.