Beazer Homes USA, Inc. (BZH) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Beazer Homes USA, Inc. (NYSE:BZH) have been given an average recommendation of “Hold” by the nine research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $19.00.
Several analysts have recently weighed in on BZH shares. ValuEngine downgraded Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Credit Suisse Group reissued a “neutral” rating and issued a $21.00 target price (up from $15.00) on shares of Beazer Homes USA in a report on Monday, November 20th. J P Morgan Chase & Co upgraded Beazer Homes USA from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $14.50 to $21.00 in a research report on Thursday, September 14th. Zacks Investment Research cut Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, TheStreet upgraded Beazer Homes USA from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th.
A number of hedge funds have recently modified their holdings of the stock. Cornerstone Capital Management Holdings LLC. increased its position in Beazer Homes USA by 34.6% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 282,200 shares of the construction company’s stock valued at $5,287,000 after acquiring an additional 72,600 shares during the period. Allianz Asset Management GmbH increased its position in Beazer Homes USA by 14.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 50,180 shares of the construction company’s stock valued at $940,000 after acquiring an additional 6,335 shares during the period. Engineers Gate Manager LP increased its position in Beazer Homes USA by 9.3% in the 3rd quarter. Engineers Gate Manager LP now owns 58,899 shares of the construction company’s stock valued at $1,104,000 after acquiring an additional 5,028 shares during the period. OxFORD Asset Management LLP acquired a new position in Beazer Homes USA during the 3rd quarter worth approximately $1,785,000. Finally, Dimensional Fund Advisors LP increased its position in Beazer Homes USA by 55.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 651,056 shares of the construction company’s stock worth $12,200,000 after purchasing an additional 232,516 shares during the period. Hedge funds and other institutional investors own 83.48% of the company’s stock.
Shares of Beazer Homes USA (BZH) opened at $18.91 on Thursday. Beazer Homes USA has a fifty-two week low of $11.18 and a fifty-two week high of $23.24. The company has a debt-to-equity ratio of 1.95, a current ratio of 18.20 and a quick ratio of 3.30. The firm has a market capitalization of $638.75, a PE ratio of 15.13 and a beta of 2.69.
Beazer Homes USA (NYSE:BZH) last posted its earnings results on Tuesday, November 14th. The construction company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $645.17 million. During the same period in the previous year, the business earned $0.45 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. analysts anticipate that Beazer Homes USA will post 1.33 earnings per share for the current fiscal year.
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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