Beazer Homes USA Inc. (BZH) Lowered to “Sector Perform” at FBN Securities
FBN Securities downgraded shares of Beazer Homes USA Inc. (NYSE:BZH) from an outperform rating to a sector perform rating in a report released on Monday morning. The brokerage currently has $11.50 price objective on the stock, down from their prior price objective of $13.50.
Separately, Zacks Investment Research upgraded Beazer Homes USA from a sell rating to a hold rating in a report on Monday, July 18th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $14.05.
Beazer Homes USA (NYSE:BZH) traded down 1.22% during midday trading on Monday, hitting $11.32. The stock had a trading volume of 37,142 shares. Beazer Homes USA has a 12-month low of $6.07 and a 12-month high of $15.79. The company has a market cap of $360.12 million, a price-to-earnings ratio of 1.12 and a beta of 3.06. The company has a 50-day moving average price of $11.38 and a 200-day moving average price of $9.23.
Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. The company had revenue of $459.90 million for the quarter, compared to the consensus estimate of $435.58 million. Beazer Homes USA had a return on equity of 6.98% and a net margin of 19.85%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.38 EPS. Equities analysts anticipate that Beazer Homes USA will post $0.38 EPS for the current year.
In other Beazer Homes USA news, Director Stephen P. Zelnak, Jr. purchased 50,000 shares of Beazer Homes USA stock in a transaction on Monday, August 8th. The stock was bought at an average price of $9.70 per share, for a total transaction of $485,000.00. Following the transaction, the director now owns 241,920 shares of the company’s stock, valued at approximately $2,346,624. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen P. Zelnak, Jr. purchased 13,649 shares of Beazer Homes USA stock in a transaction on Friday, August 26th. The shares were acquired at an average price of $10.50 per share, with a total value of $143,314.50. Following the transaction, the director now directly owns 278,087 shares in the company, valued at approximately $2,919,913.50. The disclosure for this purchase can be found here. Company insiders own 5.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in BZH. Royce & Associates LP increased its stake in Beazer Homes USA by 10.4% in the second quarter. Royce & Associates LP now owns 1,423,079 shares of the company’s stock worth $11,029,000 after buying an additional 133,900 shares in the last quarter. Brandes Investment Partners LP increased its stake in Beazer Homes USA by 3.6% in the second quarter. Brandes Investment Partners LP now owns 1,268,168 shares of the company’s stock worth $9,828,000 after buying an additional 44,260 shares in the last quarter. AQR Capital Management LLC increased its stake in Beazer Homes USA by 67.2% in the second quarter. AQR Capital Management LLC now owns 867,650 shares of the company’s stock worth $6,724,000 after buying an additional 348,627 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in Beazer Homes USA during the second quarter worth approximately $4,937,000. Finally, Dulcet Capital Management increased its stake in Beazer Homes USA by 4.5% in the second quarter. Dulcet Capital Management now owns 626,703 shares of the company’s stock worth $4,857,000 after buying an additional 26,703 shares in the last quarter. Institutional investors own 87.56% of the company’s stock.
Beazer Homes USA Company Profile
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.
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