Beazer Homes USA, Inc. (BZH) Upgraded at BidaskClub
Beazer Homes USA, Inc. (NYSE:BZH) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday, August 8th.
Several other equities analysts also recently commented on the company. Wedbush downgraded Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research report on Tuesday, August 8th. Zacks Investment Research raised Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Thursday, August 3rd. Credit Suisse Group began coverage on Beazer Homes USA in a report on Thursday, June 22nd. They issued a “neutral” rating and a $13.00 target price for the company. JMP Securities reiterated an “underperform” rating on shares of Beazer Homes USA in a report on Monday, May 29th. Finally, Zelman & Associates upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $14.13.
Shares of Beazer Homes USA (BZH) traded down 2.56% during mid-day trading on Tuesday, reaching $15.59. 452,879 shares of the company’s stock were exchanged. The company’s market cap is $498.43 million. The company’s 50-day moving average price is $14.34 and its 200 day moving average price is $13.17. Beazer Homes USA has a 52-week low of $9.67 and a 52-week high of $16.47.
Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The company had revenue of $478.59 million for the quarter, compared to the consensus estimate of $470.98 million. Beazer Homes USA had a positive return on equity of 3.01% and a negative net margin of 0.14%. Beazer Homes USA’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 EPS. On average, equities research analysts predict that Beazer Homes USA will post $0.86 EPS for the current year.
A number of hedge funds have recently bought and sold shares of BZH. SG Americas Securities LLC acquired a new position in shares of Beazer Homes USA during the first quarter worth about $114,000. Nordea Investment Management AB increased its position in shares of Beazer Homes USA by 12.4% in the first quarter. Nordea Investment Management AB now owns 10,886 shares of the construction company’s stock worth $132,000 after buying an additional 1,200 shares in the last quarter. Teza Capital Management LLC acquired a new position in shares of Beazer Homes USA during the first quarter worth about $167,000. Bayesian Capital Management LP acquired a new position in shares of Beazer Homes USA during the second quarter worth about $190,000. Finally, Neuberger Berman Group LLC increased its position in Beazer Homes USA by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock valued at $201,000 after buying an additional 118 shares during the period. 81.54% of the stock is currently owned by hedge funds and other institutional investors.
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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