Beazer Homes USA (NYSE:BZH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage currently has a $17.00 target price on the construction company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 6.58% 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. “

BZH has been the subject of a number of other research reports. JMP Securities raised Beazer Homes USA from an “underperform” rating to a “market perform” rating in a report on Monday. Credit Suisse Group reaffirmed a “neutral” rating and issued a $21.00 target price (up previously from $15.00) on shares of Beazer Homes USA in a report on Monday, November 20th. ValuEngine raised Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, TheStreet cut Beazer Homes USA from a “b-” rating to a “c-” rating in a research note on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.25.

Beazer Homes USA (BZH) opened at $15.95 on Monday. Beazer Homes USA has a fifty-two week low of $11.18 and a fifty-two week high of $23.24. The company has a debt-to-equity ratio of 2.40, a current ratio of 18.95 and a quick ratio of 2.27. The stock has a market capitalization of $536.21, a PE ratio of -5.16 and a beta of 2.54.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Tuesday, November 14th. The construction company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.50. Beazer Homes USA had a positive return on equity of 7.99% and a negative net margin of 5.01%. The business had revenue of $673.00 million during the quarter, compared to analysts’ expectations of $645.17 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. equities analysts forecast that Beazer Homes USA will post 1.75 earnings per share for the current year.

In related news, Director Stephen P. Zelnak, Jr. purchased 30,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $15.65 per share, with a total value of $469,500.00. Following the completion of the purchase, the director now owns 319,364 shares in the company, valued at approximately $4,998,046.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen P. Zelnak, Jr. purchased 15,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $15.68 per share, with a total value of $235,200.00. Following the purchase, the director now owns 319,364 shares of the company’s stock, valued at approximately $5,007,627.52. The disclosure for this purchase can be found here. Corporate insiders own 7.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Beazer Homes USA by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 115,143 shares of the construction company’s stock valued at $1,580,000 after purchasing an additional 627 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Beazer Homes USA by 24.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 149,447 shares of the construction company’s stock valued at $2,801,000 after purchasing an additional 29,354 shares in the last quarter. Swiss National Bank boosted its position in shares of Beazer Homes USA by 12.9% during the 2nd quarter. Swiss National Bank now owns 56,100 shares of the construction company’s stock valued at $770,000 after purchasing an additional 6,400 shares in the last quarter. JPMorgan Chase & Co. boosted 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 valued at $45,587,000 after purchasing an additional 1,451,175 shares in the last quarter. Finally, Chicago Equity Partners LLC boosted its position in shares of Beazer Homes USA by 213.5% during the 3rd quarter. Chicago Equity Partners LLC now owns 393,790 shares of the construction company’s stock valued at $7,380,000 after purchasing an additional 268,172 shares in the last quarter. Institutional investors own 84.13% of the company’s stock.

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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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