Beazer Homes USA, Inc. (BZH) Rating Increased to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Beazer Homes USA, Inc. (NYSE:BZH) from a strong sell rating to a hold rating in a research note published on Monday morning.
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 also recently issued reports on BZH. TheStreet raised Beazer Homes USA from a c rating to a b- rating in a research note on Tuesday, November 14th. Credit Suisse Group reaffirmed a neutral rating and issued a $21.00 price objective (up previously from $15.00) on shares of Beazer Homes USA in a research note on Monday. BidaskClub raised Beazer Homes USA from a hold rating to a buy rating in a research note on Tuesday, August 8th. Wedbush downgraded Beazer Homes USA from an outperform rating to a neutral rating and set a $15.00 price objective on the stock. in a research note on Tuesday, August 8th. Finally, ValuEngine downgraded Beazer Homes USA from a buy rating to a hold rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $18.50.
Shares of Beazer Homes USA (NYSE BZH) opened at $21.94 on Monday. The company has a quick ratio of 3.30, a current ratio of 18.20 and a debt-to-equity ratio of 1.95. Beazer Homes USA has a 12 month low of $11.18 and a 12 month high of $23.24. The stock has a market capitalization of $735.27, a P/E ratio of 17.41 and a beta of 2.73.
Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Tuesday, November 14th. The construction company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.50. Beazer Homes USA had a return on equity of 6.29% and a net margin of 1.66%. The business had revenue of $673.00 million for the quarter, compared to the consensus estimate of $645.17 million. During the same quarter in the previous year, the company posted $0.45 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. sell-side analysts expect that Beazer Homes USA will post 1.33 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Beazer Homes USA during the 3rd quarter valued at approximately $149,000. Bayesian Capital Management LP bought a new position in shares of Beazer Homes USA during the 2nd quarter valued at approximately $190,000. Neuberger Berman Group LLC increased its position in shares of Beazer Homes USA by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock valued at $201,000 after purchasing an additional 118 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of Beazer Homes USA during the 2nd quarter valued at approximately $215,000. Finally, Voya Investment Management LLC increased its position in shares of Beazer Homes USA by 13.0% during the 2nd quarter. Voya Investment Management LLC now owns 17,040 shares of the construction company’s stock valued at $234,000 after purchasing an additional 1,963 shares during the last quarter. 84.14% of the stock is currently owned by hedge funds and other institutional investors.
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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