Beazer Homes USA, Inc. (NYSE:BZH) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday, September 1st.
A number of other analysts have also recently commented on the stock. Wedbush cut shares of Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research report on Tuesday, August 8th. BidaskClub raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Thursday, August 3rd. JMP Securities reissued an “underperform” rating on shares of Beazer Homes USA in a research report on Monday, May 29th. Finally, Credit Suisse Group started coverage on shares of Beazer Homes USA in a research report on Thursday, June 22nd. They set a “neutral” rating and a $13.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Beazer Homes USA presently has an average rating of “Hold” and an average price target of $15.50.
Beazer Homes USA (NYSE BZH) traded up 4.08% during trading on Friday, hitting $17.61. The stock had a trading volume of 1,318,101 shares. Beazer Homes USA has a 12-month low of $9.67 and a 12-month high of $17.65. The company’s market cap is $563.01 million. The company has a 50 day moving average of $15.31 and a 200-day moving average of $13.45.
Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The business had revenue of $478.59 million during the quarter, compared to the consensus estimate of $470.98 million. Beazer Homes USA had a positive return on equity of 3.01% and a negative net margin of 0.14%. Beazer Homes USA’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 earnings per share. On average, equities analysts predict that Beazer Homes USA will post $0.86 EPS for the current year.
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Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Beazer Homes USA during the 1st quarter worth approximately $114,000. Nordea Investment Management AB increased its stake in shares of Beazer Homes USA by 12.4% during the 1st quarter. Nordea Investment Management AB now owns 10,886 shares of the construction company’s stock worth $132,000 after purchasing an additional 1,200 shares during the last quarter. Teza Capital Management LLC purchased a new stake in shares of Beazer Homes USA during the 1st quarter worth approximately $167,000. Bayesian Capital Management LP purchased a new stake in shares of Beazer Homes USA during the 2nd quarter worth approximately $190,000. Finally, Neuberger Berman Group LLC increased its stake in shares of Beazer Homes USA by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock worth $201,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.
Beazer Homes USA Company Profile
Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.
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