Beazer Homes USA (NYSE:BZH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The firm presently has a $17.00 price target on the construction company’s stock. Zacks Investment Research‘s price target points to a potential upside of 6.58% from the stock’s current price.
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. “
A number of other research firms have also recently commented on BZH. TheStreet raised Beazer Homes USA from a “c” rating to a “b-” rating in a report on Tuesday, November 14th. Credit Suisse Group reissued a “neutral” rating and set a $21.00 price target (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, JMP Securities raised Beazer Homes USA from an “underperform” rating to a “market perform” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.25.
Shares of Beazer Homes USA (NYSE:BZH) opened at $15.95 on Monday. The firm has a market capitalization of $536.21, a price-to-earnings 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. Beazer Homes USA has a 1 year low of $11.18 and a 1 year high of $23.24.
Beazer Homes USA (NYSE:BZH) last released its earnings results on Tuesday, November 14th. The construction company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.50. The firm had revenue of $673.00 million during the quarter, compared to the consensus estimate of $645.17 million. Beazer Homes USA had a positive return on equity of 7.99% and a negative net margin of 5.01%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. sell-side analysts anticipate that Beazer Homes USA will post 1.75 earnings per share for the current year.
In other Beazer Homes USA news, Director Stephen P. Zelnak, Jr. purchased 15,000 shares of the stock in a transaction dated 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 acquisition, the director now owns 319,364 shares of the company’s stock, valued at $5,007,627.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen P. Zelnak, Jr. purchased 30,000 shares of the stock in a transaction dated Monday, February 12th. The shares were acquired at an average cost of $15.65 per share, with a total value of $469,500.00. Following the acquisition, the director now directly owns 319,364 shares in the company, valued at approximately $4,998,046.60. The disclosure for this purchase can be found here. 7.30% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its holdings in Beazer Homes USA by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 115,143 shares of the construction company’s stock worth $1,580,000 after purchasing an additional 627 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Beazer Homes USA by 24.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 149,447 shares of the construction company’s stock worth $2,801,000 after purchasing an additional 29,354 shares in the last quarter. Swiss National Bank increased its holdings in Beazer Homes USA by 12.9% in the 2nd quarter. Swiss National Bank now owns 56,100 shares of the construction company’s stock worth $770,000 after purchasing an additional 6,400 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Beazer Homes USA by 141.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,474,859 shares of the construction company’s stock worth $45,587,000 after purchasing an additional 1,451,175 shares in the last quarter. Finally, Chicago Equity Partners LLC increased its holdings in Beazer Homes USA by 213.5% in the 3rd quarter. Chicago Equity Partners LLC now owns 393,790 shares of the construction company’s stock worth $7,380,000 after purchasing an additional 268,172 shares in the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.
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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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