Beazer Homes USA Inc. (BZH) Raised to Buy at Zacks Investment Research
Beazer Homes USA Inc. (NYSE:BZH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage presently has a $16.00 target price on the stock. Zacks Investment Research’s price objective points to a potential upside of 15.27% from the stock’s current price.
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. “
Separately, FBN Securities downgraded Beazer Homes USA from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $13.50 to $11.50 in a research report on Monday, October 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.70.
Shares of Beazer Homes USA (NYSE:BZH) traded up 0.22% during trading on Tuesday, reaching $13.88. The company’s stock had a trading volume of 489,771 shares. The company has a market cap of $441.59 million, a PE ratio of 96.39 and a beta of 2.88. The firm’s 50-day moving average is $11.36 and its 200 day moving average is $9.90. Beazer Homes USA has a 52-week low of $6.07 and a 52-week high of $14.65.
Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Tuesday, November 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.70. The business earned $632.10 million during the quarter, compared to the consensus estimate of $637.02 million. Beazer Homes USA had a net margin of 0.26% and a return on equity of 3.83%. Beazer Homes USA’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. On average, equities research analysts predict that Beazer Homes USA will post $0.97 EPS for the current fiscal year.
In related news, Director Brian C. Beazer purchased 5,000 shares of Beazer Homes USA stock in a transaction that occurred on Thursday, November 17th. The shares were acquired at an average price of $12.48 per share, with a total value of $62,400.00. Following the completion of the transaction, the director now directly owns 69,015 shares of the company’s stock, valued at approximately $861,307.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian C. Beazer purchased 3,000 shares of Beazer Homes USA stock in a transaction that occurred on Monday, November 21st. The shares were bought at an average cost of $12.99 per share, for a total transaction of $38,970.00. Following the transaction, the director now directly owns 69,015 shares of the company’s stock, valued at $896,504.85. The disclosure for this purchase can be found here. Corporate insiders own 5.90% of the company’s stock.
A number of large investors have recently modified their holdings of BZH. BlackRock Inc. increased its stake in shares of 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 in the last quarter. Acrospire Investment Management LLC increased its stake in shares of Beazer Homes USA by 14.7% in the third quarter. Acrospire Investment Management LLC now owns 10,115 shares of the company’s stock worth $118,000 after buying an additional 1,300 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in shares of Beazer Homes USA during the second quarter worth about $126,000. Quantitative Investment Management LLC bought a new stake in shares of Beazer Homes USA during the second quarter worth about $131,000. Finally, Verition Fund Management LLC bought a new stake in shares of Beazer Homes USA during the third quarter worth about $143,000. 86.61% of the stock is currently owned by institutional investors and hedge funds.
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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