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

Wedbush restated their outperform rating on shares of Beazer Homes USA (NYSE:BZH) in a research report sent to investors on Friday, MarketBeat Ratings reports. Wedbush currently has a $41.00 target price on the construction company’s stock, down from their prior target price of $45.00.

Separately, Oppenheimer reissued an “outperform” rating and issued a $33.00 target price (down from $37.00) on shares of Beazer Homes USA in a research report on Tuesday. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.00.

Beazer Homes USA Price Performance

Shares of NYSE:BZH opened at $21.31 on Friday. The company has a market capitalization of $664.94 million, a PE ratio of 5.42, a price-to-earnings-growth ratio of 0.35 and a beta of 2.05. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52. The stock has a fifty day moving average of $20.47 and a 200-day moving average of $26.17. Beazer Homes USA has a one year low of $17.37 and a one year high of $38.22.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, May 1st. The construction company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.26 by $0.16. The business had revenue of $565.34 million during the quarter, compared to the consensus estimate of $543.60 million. Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. Beazer Homes USA’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.26 earnings per share. As a group, equities analysts anticipate that Beazer Homes USA will post 3.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Beazer Homes USA

Several hedge funds have recently bought and sold shares of BZH. Sterling Capital Management LLC increased its holdings in shares of Beazer Homes USA by 776.2% in the 4th quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock valued at $25,000 after purchasing an additional 815 shares during the period. MetLife Investment Management LLC grew its position in Beazer Homes USA by 4.8% during the fourth quarter. MetLife Investment Management LLC now owns 18,234 shares of the construction company’s stock valued at $501,000 after purchasing an additional 835 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Beazer Homes USA by 0.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 192,951 shares of the construction company’s stock valued at $3,934,000 after buying an additional 872 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Beazer Homes USA in the 4th quarter worth approximately $34,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Beazer Homes USA by 9.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,807 shares of the construction company’s stock valued at $572,000 after buying an additional 1,757 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

About Beazer Homes USA

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