Analysts Set Beazer Homes USA, Inc. (NYSE:BZH) Price Target at $31.33

Shares of Beazer Homes USA, Inc. (NYSE:BZH) have earned an average recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $31.3333.

BZH has been the topic of several research reports. Zacks Research lowered Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 18th. Wall Street Zen upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Beazer Homes USA in a research note on Monday, December 22nd.

Institutional Trading of Beazer Homes USA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BZH. Penn Capital Management Company LLC lifted its stake in Beazer Homes USA by 234.2% during the third quarter. Penn Capital Management Company LLC now owns 61,901 shares of the construction company’s stock worth $1,520,000 after purchasing an additional 43,380 shares during the period. Tweedy Browne Co LLC raised its holdings in shares of Beazer Homes USA by 106.2% in the 3rd quarter. Tweedy Browne Co LLC now owns 27,336 shares of the construction company’s stock worth $671,000 after buying an additional 14,082 shares in the last quarter. Caxton Associates LLP lifted its position in shares of Beazer Homes USA by 46.6% during the 3rd quarter. Caxton Associates LLP now owns 39,843 shares of the construction company’s stock worth $978,000 after buying an additional 12,665 shares during the period. Verition Fund Management LLC boosted its stake in Beazer Homes USA by 200.8% in the 3rd quarter. Verition Fund Management LLC now owns 61,709 shares of the construction company’s stock valued at $1,515,000 after buying an additional 41,195 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Beazer Homes USA by 928.5% in the 3rd quarter. Millennium Management LLC now owns 376,183 shares of the construction company’s stock valued at $9,235,000 after buying an additional 339,607 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Trading Down 0.3%

Shares of BZH stock opened at $20.28 on Friday. The firm has a market capitalization of $598.32 million, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 0.86 and a beta of 2.16. Beazer Homes USA has a 1 year low of $17.37 and a 1 year high of $29.30. The firm’s fifty day simple moving average is $22.08 and its 200 day simple moving average is $23.32. The company has a current ratio of 16.21, a quick ratio of 2.07 and a debt-to-equity ratio of 0.82.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, November 13th. The construction company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.27. The company had revenue of $791.90 million for the quarter, compared to analyst estimates of $674.80 million. Beazer Homes USA had a net margin of 1.92% and a return on equity of 4.46%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the business posted $1.69 EPS. As a group, sell-side analysts predict that Beazer Homes USA will post 3.48 EPS for the current year.

About Beazer Homes USA

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.