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

Zacks Research upgraded shares of Beazer Homes USA (NYSE:BZH) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Oppenheimer downgraded Beazer Homes USA from an “outperform” rating to a “market perform” rating in a research report on Friday, August 7th. Texas Capital cut Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a report on Monday. Wall Street Zen cut Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Finally, Weiss Ratings lowered Beazer Homes USA from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Beazer Homes USA presently has an average rating of “Hold”.

Beazer Homes USA Stock Performance

NYSE BZH opened at $33.19 on Tuesday. Beazer Homes USA has a 52-week low of $17.83 and a 52-week high of $34.54. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.32 and a current ratio of 15.67. The company has a market capitalization of $885.51 million, a P/E ratio of -110.63 and a beta of 2.17. The company has a fifty day moving average of $30.13 and a 200-day moving average of $25.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of Beazer Homes USA by 1.8% in the 1st quarter. Royal Bank of Canada now owns 73,915 shares of the construction company’s stock valued at $1,507,000 after acquiring an additional 1,279 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Beazer Homes USA by 35.5% during the 1st quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company’s stock valued at $4,055,000 after acquiring an additional 52,062 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Beazer Homes USA by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock valued at $353,000 after acquiring an additional 734 shares during the period. Rhumbline Advisers grew its position in Beazer Homes USA by 1.4% during the 2nd quarter. Rhumbline Advisers now owns 46,206 shares of the construction company’s stock worth $1,034,000 after acquiring an additional 642 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Beazer Homes USA by 5.0% during the 2nd quarter. American Century Companies Inc. now owns 77,553 shares of the construction company’s stock worth $1,735,000 after acquiring an additional 3,673 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

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.