Beazer Homes USA (NYSE:BZH) has been given an average rating of “Hold” by the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $21.33.
BZH has been the topic of a number of research analyst reports. ValuEngine raised Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Monday, February 12th. TheStreet cut Beazer Homes USA from a “b-” rating to a “c-” rating in a research note on Wednesday, February 7th. JMP Securities upgraded Beazer Homes USA from an “underperform” rating to a “market perform” rating in a research note on Monday, February 12th. Finally, Wedbush upgraded Beazer Homes USA from a “neutral” rating to an “outperform” rating and increased their price target for the company from $15.25 to $22.00 in a research note on Tuesday, February 13th.
Shares of BZH stock opened at $16.38 on Wednesday. The firm has a market capitalization of $544.28, a price-to-earnings ratio of 10.64 and a beta of 2.54. Beazer Homes USA has a fifty-two week low of $11.87 and a fifty-two week high of $23.24. The company has a debt-to-equity ratio of 2.40, a quick ratio of 2.27 and a current ratio of 18.95.
Beazer Homes USA (NYSE:BZH) last issued its earnings results on Tuesday, February 6th. The construction company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.19. The firm had revenue of $372.49 million for the quarter, compared to the consensus estimate of $357.45 million. Beazer Homes USA had a positive return on equity of 7.99% and a negative net margin of 5.01%. analysts forecast that Beazer Homes USA will post 1.75 earnings per share for the current year.
In related news, Director Stephen P. Zelnak, Jr. bought 30,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average cost of $15.65 per share, with a total value of $469,500.00. Following the transaction, the director now directly owns 319,364 shares in the company, valued at $4,998,046.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen P. Zelnak, Jr. bought 15,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $15.68 per share, with a total value of $235,200.00. Following the completion of the transaction, the director now owns 319,364 shares in the company, valued at $5,007,627.52. The disclosure for this purchase can be found here. 7.30% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the business. Brandywine Global Investment Management LLC grew its holdings in Beazer Homes USA by 32.8% during the 4th quarter. Brandywine Global Investment Management LLC now owns 23,886 shares of the construction company’s stock worth $459,000 after acquiring an additional 5,904 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Beazer Homes USA by 14.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 50,180 shares of the construction company’s stock valued at $940,000 after buying an additional 6,335 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Beazer Homes USA in the 3rd quarter valued at about $149,000. We Are One Seven LLC acquired a new stake in shares of Beazer Homes USA in the 4th quarter valued at about $163,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of Beazer Homes USA in the 4th quarter valued at about $204,000. Hedge funds and other institutional investors own 90.21% of the company’s stock.
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Beazer Homes USA Company Profile
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 brand name. 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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