Beazer Homes USA Inc. (BZH) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Beazer Homes USA Inc. (NYSE:BZH) from a hold rating to a buy rating in a research report released on Tuesday morning. They currently have $16.00 target price on the stock.
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. “
Separately, FBN Securities downgraded Beazer Homes USA from an outperform rating to a sector perform rating and decreased their target price for the company from $13.50 to $11.50 in a research note on Monday, October 10th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $15.70.
Shares of Beazer Homes USA (NYSE:BZH) opened at 13.88 on Tuesday. Beazer Homes USA has a 12 month low of $6.07 and a 12 month high of $14.65. The firm has a 50-day moving average price of $11.36 and a 200 day moving average price of $9.90. The company has a market cap of $441.59 million, a P/E ratio of 96.39 and a beta of 2.88.
Beazer Homes USA (NYSE:BZH) last issued its earnings results on Tuesday, November 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.70. The business had revenue of $632.10 million for the quarter, compared to the consensus estimate of $637.02 million. Beazer Homes USA had a net margin of 0.26% and a return on equity of 3.83%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS. Equities analysts predict that Beazer Homes USA will post $0.97 earnings per share for the current year.
In other news, Director Brian C. Beazer purchased 5,000 shares of the business’s stock in a transaction on Thursday, November 17th. The stock was acquired at an average price of $12.48 per share, for a total transaction of $62,400.00. Following the acquisition, the director now directly owns 69,015 shares of the company’s stock, valued at approximately $861,307.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian C. Beazer purchased 3,000 shares of the business’s stock in a transaction on Monday, November 21st. The shares were purchased at an average price of $12.99 per share, with a total value of $38,970.00. Following the acquisition, the director now directly owns 69,015 shares in the company, valued at $896,504.85. The disclosure for this purchase can be found here. Company insiders own 5.90% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in Beazer Homes USA by 1.0% in the third quarter. Rhumbline Advisers now owns 43,459 shares of the company’s stock valued at $507,000 after buying an additional 410 shares in the last quarter. California State Teachers Retirement System boosted its position in Beazer Homes USA by 0.9% in the third quarter. California State Teachers Retirement System now owns 66,619 shares of the company’s stock valued at $777,000 after buying an additional 600 shares in the last quarter. Synovus Financial Corp boosted its position in Beazer Homes USA by 1.0% in the second quarter. Synovus Financial Corp now owns 114,759 shares of the company’s stock valued at $889,000 after buying an additional 1,085 shares in the last quarter. Acrospire Investment Management LLC boosted its position in Beazer Homes USA by 14.7% in the third quarter. Acrospire Investment Management LLC now owns 10,115 shares of the company’s stock valued at $118,000 after buying an additional 1,300 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Beazer Homes USA by 8.1% in the third quarter. UBS Asset Management Americas Inc. now owns 22,799 shares of the company’s stock valued at $266,000 after buying an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.
Beazer Homes USA Company Profile
Beazer Homes USA, Inc is a diversified homebuilder with operations in 16 states within three geographic regions in the United States: West, East and Southeast. The Company’s homes are designed to appeal to homeowners at various price points across various demographic segments and are generally offered for sale in advance of their construction.
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