J P Morgan Chase & Co upgraded shares of Beazer Homes USA, Inc. (NYSE:BZH) from a neutral rating to an overweight rating in a research report released on Thursday, MarketBeat.com reports. The firm currently has $21.00 target price on the construction company’s stock, up from their prior target price of $14.50.

A number of other equities analysts have also issued reports on BZH. Wedbush lowered shares of Beazer Homes USA from an outperform rating to a neutral rating and set a $15.00 target price on the stock. in a research report on Tuesday, August 8th. BidaskClub raised shares of Beazer Homes USA from a hold rating to a buy rating in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of Beazer Homes USA from a hold rating to a buy rating and set a $17.00 target price on the stock in a research report on Thursday, August 3rd. JMP Securities reaffirmed an underperform rating on shares of Beazer Homes USA in a research report on Monday, May 29th. Finally, ValuEngine lowered shares of Beazer Homes USA from a buy rating to a hold rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $15.50.

Beazer Homes USA (NYSE:BZH) opened at 17.61 on Thursday. The firm’s 50-day moving average is $15.31 and its 200-day moving average is $13.45. The company’s market capitalization is $563.01 million. Beazer Homes USA has a 1-year low of $9.67 and a 1-year high of $17.65.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Tuesday, August 1st. The construction company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The business had revenue of $478.59 million for the quarter, compared to analyst estimates of $470.98 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Beazer Homes USA’s revenue was up 4.1% compared to the same quarter last year. Equities research analysts predict that Beazer Homes USA will post $0.86 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in the business. Neuberger Berman Group LLC increased its holdings in Beazer Homes USA by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock valued at $201,000 after buying an additional 118 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Beazer Homes USA by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,938 shares of the construction company’s stock valued at $355,000 after buying an additional 318 shares during the period. Rhumbline Advisers increased its holdings in Beazer Homes USA by 1.2% in the 2nd quarter. Rhumbline Advisers now owns 44,068 shares of the construction company’s stock valued at $605,000 after buying an additional 523 shares during the period. 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 valued at $1,580,000 after buying an additional 627 shares during the period. Finally, Nordea Investment Management AB increased its holdings in Beazer Homes USA by 12.4% in the 1st quarter. Nordea Investment Management AB now owns 10,886 shares of the construction company’s stock valued at $132,000 after buying an additional 1,200 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Beazer Homes USA (NYSE:BZH)

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