Beazer Homes USA, Inc. (BZH) Given Average Rating of “Hold” by Brokerages
Beazer Homes USA, Inc. (NYSE:BZH) has earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $19.00.
Several equities analysts recently weighed in on BZH shares. JPMorgan Chase & Co. upgraded shares of Beazer Homes USA from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $14.50 to $21.00 in a report on Thursday, September 14th. Zacks Investment Research downgraded shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. TheStreet upgraded shares of Beazer Homes USA from a “c” rating to a “b-” rating in a report on Tuesday, November 14th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $21.00 price target (up previously from $15.00) on shares of Beazer Homes USA in a report on Monday, November 20th.
Beazer Homes USA (BZH) opened at $20.32 on Monday. 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 cap of $682.67, a P/E ratio of 20.73 and a beta of 2.71.
Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Tuesday, November 14th. The construction company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.50. Beazer Homes USA had a net margin of 1.66% and a return on equity of 6.29%. The company had revenue of $673.00 million for the quarter, compared to the consensus estimate of $645.17 million. During the same quarter in the prior year, the company earned $0.45 EPS. Beazer Homes USA’s quarterly revenue was up 6.5% on a year-over-year basis. analysts expect that Beazer Homes USA will post 1.4 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of BZH. Schwab Charles Investment Management Inc. grew its stake in shares of Beazer Homes USA by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 115,143 shares of the construction company’s stock worth $1,580,000 after purchasing an additional 627 shares during the period. Rhumbline Advisers grew its stake in shares of Beazer Homes USA by 1.2% during the 2nd quarter. Rhumbline Advisers now owns 44,068 shares of the construction company’s stock worth $605,000 after purchasing an additional 523 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Beazer Homes USA by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 155,200 shares of the construction company’s stock worth $2,129,000 after purchasing an additional 2,905 shares during the period. Federated Investors Inc. PA grew its stake in shares of Beazer Homes USA by 23.8% during the 2nd quarter. Federated Investors Inc. PA now owns 106,709 shares of the construction company’s stock worth $1,464,000 after purchasing an additional 20,543 shares during the period. Finally, American Century Companies Inc. acquired a new stake in shares of Beazer Homes USA during the 2nd quarter worth approximately $1,718,000. 83.28% of the stock is currently owned by institutional investors and hedge funds.
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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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