Beazer Homes USA, Inc. (NYSE:BZH) was upgraded by investment analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a note issued to investors on Thursday. The brokerage currently has a $21.00 price objective on the construction company’s stock, up from their previous price objective of $14.50. J P Morgan Chase & Co’s target price would suggest a potential upside of 19.25% from the company’s current price.

BZH has been the topic of a number of other research reports. JMP Securities reissued an “underperform” rating on shares of Beazer Homes USA in a report on Monday, May 29th. ValuEngine lowered shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Credit Suisse Group started coverage on shares of Beazer Homes USA in a report on Thursday, June 22nd. They issued a “neutral” rating and a $13.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Beazer Homes USA currently has a consensus rating of “Hold” and an average price target of $15.50.

Beazer Homes USA (BZH) opened at 17.61 on Thursday. The firm’s market cap is $563.01 million. Beazer Homes USA has a 12-month low of $9.67 and a 12-month high of $17.65. The company has a 50-day moving average of $15.31 and a 200 day moving average of $13.45.

Beazer Homes USA (NYSE:BZH) last released its earnings results 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 analyst estimates of $470.98 million. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 EPS. Equities analysts expect that Beazer Homes USA will post $0.86 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of the company. USA Financial Portformulas Corp lifted its position in shares of Beazer Homes USA by 42.9% in the 2nd quarter. USA Financial Portformulas Corp now owns 32,003 shares of the construction company’s stock worth $439,000 after purchasing an additional 9,602 shares during the period. Verition Fund Management LLC lifted its position in shares of Beazer Homes USA by 31.4% in the 2nd quarter. Verition Fund Management LLC now owns 24,264 shares of the construction company’s stock worth $333,000 after purchasing an additional 5,802 shares during the period. Sterling Capital Management LLC purchased a new stake in shares of Beazer Homes USA in the 2nd quarter worth about $864,000. The Manufacturers Life Insurance Company lifted its position in shares of Beazer Homes USA by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,938 shares of the construction company’s stock worth $355,000 after purchasing an additional 318 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Beazer Homes USA by 50.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 118,772 shares of the construction company’s stock worth $1,630,000 after purchasing an additional 39,915 shares during the period. 80.78% of the stock is 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.

Analyst Recommendations for Beazer Homes USA (NYSE:BZH)

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