Beazer Homes USA (BZH) Lifted to “Market Perform” at JMP Securities
Beazer Homes USA (NYSE:BZH) was upgraded by equities researchers at JMP Securities from an “underperform” rating to a “market perform” rating in a research note issued on Monday, Marketbeat reports.
BZH has been the subject of several other reports. Zacks Investment Research downgraded shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Credit Suisse Group reissued a “neutral” rating and set a $21.00 price target (up from $15.00) on shares of Beazer Homes USA in a report on Monday, November 20th. ValuEngine raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, TheStreet downgraded shares of Beazer Homes USA from a “b-” rating to a “c-” rating in a report on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $20.25.
Beazer Homes USA (NYSE:BZH) opened at $15.95 on Monday. Beazer Homes USA has a 1-year low of $11.18 and a 1-year high of $23.24. The stock has a market cap of $536.21, a PE ratio of -5.16 and a beta of 2.54. The company has a current ratio of 18.95, a quick ratio of 2.27 and a debt-to-equity ratio of 2.40.
In related news, Director Stephen P. Zelnak, Jr. acquired 30,000 shares of the stock in a transaction on Monday, February 12th. The stock was purchased at an average price of $15.65 per share, for a total transaction of $469,500.00. Following the transaction, the director now owns 319,364 shares of the company’s stock, valued at approximately $4,998,046.60. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephen P. Zelnak, Jr. acquired 15,000 shares of the stock in a transaction on Friday, February 9th. The stock was bought at an average price of $15.68 per share, with a total value of $235,200.00. Following the transaction, the director now directly owns 319,364 shares in the company, valued at approximately $5,007,627.52. The disclosure for this purchase can be found here. Company insiders own 7.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in Beazer Homes USA by 2.3% in the 4th quarter. BlackRock Inc. now owns 3,135,962 shares of the construction company’s stock valued at $60,242,000 after acquiring an additional 70,347 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Beazer Homes USA by 141.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,474,859 shares of the construction company’s stock worth $45,587,000 after buying an additional 1,451,175 shares during the period. Vanguard Group Inc. grew its position in shares of Beazer Homes USA by 5.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,687,887 shares of the construction company’s stock worth $23,157,000 after buying an additional 93,632 shares during the period. Renaissance Technologies LLC grew its position in shares of Beazer Homes USA by 212.0% during the 4th quarter. Renaissance Technologies LLC now owns 899,460 shares of the construction company’s stock worth $17,279,000 after buying an additional 611,200 shares during the period. Finally, Northern Trust Corp grew its position in shares of Beazer Homes USA by 3.3% during the 2nd quarter. Northern Trust Corp now owns 835,998 shares of the construction company’s stock worth $11,470,000 after buying an additional 26,737 shares during the period. Hedge funds and other institutional investors own 84.13% 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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