Beazer Homes USA (NYSE:BZH) Upgraded to “Strong-Buy” at Zacks Investment Research

Beazer Homes USA (NYSE:BZH) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday, Zacks.com reports. The brokerage presently has a $27.00 price objective on the construction company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 9.00% from the company’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. “

Shares of Beazer Homes USA stock traded up $0.96 during trading hours on Tuesday, reaching $24.77. The stock had a trading volume of 729,241 shares, compared to its average volume of 477,636. The stock’s 50 day moving average is $20.87 and its 200 day moving average is $17.26. The firm has a market capitalization of $775.15 million, a PE ratio of 14.24 and a beta of 2.27. Beazer Homes USA has a twelve month low of $6.29 and a twelve month high of $24.84. The company has a current ratio of 13.03, a quick ratio of 2.81 and a debt-to-equity ratio of 1.91.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Wednesday, April 28th. The construction company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.29. Beazer Homes USA had a net margin of 2.46% and a return on equity of 10.34%. As a group, sell-side analysts predict that Beazer Homes USA will post 1.93 earnings per share for the current year.

In other Beazer Homes USA news, CFO Robert L. Salomon sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 20th. The shares were sold at an average price of $19.93, for a total value of $199,300.00. Following the completion of the transaction, the chief financial officer now owns 168,601 shares in the company, valued at $3,360,217.93. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.24% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. acquired a new position in shares of Beazer Homes USA during the 1st quarter worth about $226,000. Virtu Financial LLC acquired a new position in shares of Beazer Homes USA during the 3rd quarter worth about $151,000. Wedge Capital Management L L P NC acquired a new position in shares of Beazer Homes USA during the 4th quarter worth about $174,000. WMS Partners LLC acquired a new position in shares of Beazer Homes USA during the 4th quarter worth about $278,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Beazer Homes USA during the 4th quarter worth about $349,000. Hedge funds and other institutional investors own 72.81% of the company’s stock.

About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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