Beazer Homes USA (NYSE:BZH) Upgraded by Zacks Research to Strong-Buy Rating

Beazer Homes USA (NYSE:BZH) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other analysts have also commented on BZH. Texas Capital lowered Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a report on Monday. Oppenheimer downgraded Beazer Homes USA from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. Wall Street Zen cut Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings cut Beazer Homes USA from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Beazer Homes USA currently has a consensus rating of “Hold”.

Beazer Homes USA Trading Up 0.1%

NYSE:BZH opened at $33.19 on Tuesday. The company has a market cap of $885.51 million, a PE ratio of -110.63 and a beta of 2.17. The company has a current ratio of 15.67, a quick ratio of 1.32 and a debt-to-equity ratio of 1.05. The company has a 50 day simple moving average of $30.13 and a two-hundred day simple moving average of $25.43. Beazer Homes USA has a 12 month low of $17.83 and a 12 month high of $34.54.

Institutional Investors Weigh In On Beazer Homes USA

A number of hedge funds have recently modified their holdings of BZH. Empowered Funds LLC raised its holdings in Beazer Homes USA by 555.9% in the 1st quarter. Empowered Funds LLC now owns 141,377 shares of the construction company’s stock worth $2,720,000 after purchasing an additional 119,822 shares during the period. Jennison Associates LLC bought a new stake in Beazer Homes USA during the fourth quarter valued at about $1,039,000. Dimensional Fund Advisors LP increased its position in Beazer Homes USA by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company’s stock worth $19,236,000 after buying an additional 51,284 shares in the last quarter. UBS Group AG increased its position in Beazer Homes USA by 189.7% in the fourth quarter. UBS Group AG now owns 537,663 shares of the construction company’s stock worth $10,898,000 after buying an additional 352,092 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. raised its stake in shares of Beazer Homes USA by 31.5% in the first quarter. Jamison Private Wealth Management Inc. now owns 104,498 shares of the construction company’s stock worth $2,011,000 after buying an additional 25,044 shares during the period. Institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.