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, July 4th. The firm currently has a $15.00 target price on the construction company’s stock. Zacks Investment Research‘s price target points to a potential downside of 2.91% from the stock’s previous close.

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 research analysts have also recently issued research reports about the company. Zelman & Associates upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. Credit Suisse Group started coverage on Beazer Homes USA in a research note on Thursday, June 22nd. They set a “neutral” rating and a $13.00 price objective on the stock. Wedbush upgraded Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $12.31 to $15.00 in a research note on Thursday, June 15th. Finally, JMP Securities restated an “underperform” rating on shares of Beazer Homes USA in a research note on Monday, May 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.13.

Beazer Homes USA (NYSE:BZH) traded up 0.85% during trading on Tuesday, reaching $15.45. The company had a trading volume of 476,747 shares. Beazer Homes USA has a 12 month low of $9.20 and a 12 month high of $15.80. The firm’s 50 day moving average is $13.31 and its 200-day moving average is $12.95. The company’s market capitalization is $493.95 million.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Tuesday, August 1st. The construction company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The firm had revenue of $478.59 million for the quarter, compared to analysts’ expectations of $470.98 million. Beazer Homes USA had a positive return on equity of 3.01% and a negative net margin of 0.14%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. On average, equities analysts expect that Beazer Homes USA will post $0.81 earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Winslow Asset Management Inc. boosted its position in Beazer Homes USA by 7.8% in the second quarter. Winslow Asset Management Inc. now owns 461,832 shares of the construction company’s stock valued at $6,336,000 after buying an additional 33,494 shares during the period. Bank of New York Mellon Corp boosted its position in Beazer Homes USA by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 155,200 shares of the construction company’s stock valued at $2,129,000 after buying an additional 2,905 shares during the period. ClariVest Asset Management LLC boosted its position in Beazer Homes USA by 15.9% in the second quarter. ClariVest Asset Management LLC now owns 137,185 shares of the construction company’s stock valued at $1,882,000 after buying an additional 18,841 shares during the period. Rhumbline Advisers boosted its position in Beazer Homes USA by 1.2% in the second quarter. Rhumbline Advisers now owns 44,068 shares of the construction company’s stock valued at $605,000 after buying an additional 523 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in Beazer Homes USA by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 115,143 shares of the construction company’s stock valued at $1,580,000 after buying an additional 627 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

Beazer Homes USA Company Profile

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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Analyst Recommendations for Beazer Homes USA (NYSE:BZH)

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