Beazer Homes USA (NYSE:BZH) Given Outperform Rating at Wedbush

Wedbush reissued their outperform rating on shares of Beazer Homes USA (NYSE:BZH) in a report published on Friday, RTT News reports. The firm currently has a $17.00 price target on the construction company’s stock.

Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Beazer Homes USA from a hold rating to a buy rating and set a $12.00 price target for the company in a research note on Tuesday, July 23rd. TheStreet raised Beazer Homes USA from a d+ rating to a c- rating in a research report on Monday, April 22nd. Finally, ValuEngine lowered Beazer Homes USA from a sell rating to a strong sell rating in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $13.75.

Shares of BZH traded up $0.19 during trading hours on Friday, reaching $11.44. The stock had a trading volume of 943,001 shares, compared to its average volume of 424,673. Beazer Homes USA has a 12 month low of $8.16 and a 12 month high of $14.37. The company has a market cap of $366.54 million, a PE ratio of 5.75 and a beta of 2.52. The company has a debt-to-equity ratio of 2.46, a current ratio of 13.97 and a quick ratio of 0.93. The stock has a 50-day moving average price of $10.34.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.16. Beazer Homes USA had a positive return on equity of 10.34% and a negative net margin of 0.93%. The company had revenue of $482.74 million during the quarter, compared to analysts’ expectations of $470.65 million. During the same period in the prior year, the company earned $0.41 EPS. Beazer Homes USA’s revenue was down 5.6% compared to the same quarter last year. On average, research analysts predict that Beazer Homes USA will post 1.59 EPS for the current year.

In related news, insider Allan P. Merrill bought 5,192 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average cost of $9.63 per share, with a total value of $49,998.96. Following the transaction, the insider now directly owns 537,127 shares in the company, valued at $5,172,533.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.30% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in BZH. FMR LLC bought a new position in Beazer Homes USA during the 1st quarter worth $10,786,000. Deutsche Bank AG grew its holdings in Beazer Homes USA by 218.3% during the 4th quarter. Deutsche Bank AG now owns 548,037 shares of the construction company’s stock worth $5,194,000 after acquiring an additional 375,866 shares during the period. Marshall Wace North America L.P. grew its holdings in Beazer Homes USA by 1,713.3% during the 1st quarter. Marshall Wace North America L.P. now owns 223,465 shares of the construction company’s stock worth $2,572,000 after acquiring an additional 211,141 shares during the period. Acadian Asset Management LLC grew its holdings in Beazer Homes USA by 1,114.2% during the 1st quarter. Acadian Asset Management LLC now owns 156,263 shares of the construction company’s stock worth $1,798,000 after acquiring an additional 143,393 shares during the period. Finally, Winslow Asset Management Inc. grew its holdings in Beazer Homes USA by 15.9% during the 2nd quarter. Winslow Asset Management Inc. now owns 633,467 shares of the construction company’s stock worth $6,088,000 after acquiring an additional 86,930 shares during the period. 81.55% of the stock is owned by institutional investors and hedge funds.

About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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