FBN Securities Lowers Beazer Homes USA Inc. (BZH) to Sector Perform
Beazer Homes USA Inc. (NYSE:BZH) was downgraded by stock analysts at FBN Securities from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday. They currently have a $11.50 price target on the stock, down from their previous price target of $13.50. FBN Securities’ price objective suggests a potential downside of 0.69% from the company’s previous close.
Separately, Zacks Investment Research upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Monday, July 18th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.05.
Beazer Homes USA (NYSE:BZH) opened at 11.58 on Monday. The stock has a 50 day moving average price of $11.35 and a 200 day moving average price of $9.20. Beazer Homes USA has a 1-year low of $6.07 and a 1-year high of $15.79. The company has a market cap of $368.39 million, a PE ratio of 1.14 and a beta of 3.06.
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Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07. Beazer Homes USA had a return on equity of 6.98% and a net margin of 19.85%. The company earned $459.90 million during the quarter, compared to the consensus estimate of $435.58 million. During the same quarter last year, the company earned $0.38 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Equities analysts forecast that Beazer Homes USA will post $0.38 earnings per share for the current year.
In related news, Director Stephen P. Zelnak, Jr. bought 13,649 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was acquired at an average price of $10.50 per share, for a total transaction of $143,314.50. Following the transaction, the director now directly owns 278,087 shares of the company’s stock, valued at $2,919,913.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen P. Zelnak, Jr. bought 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were bought at an average price of $9.70 per share, with a total value of $485,000.00. Following the transaction, the director now directly owns 241,920 shares in the company, valued at $2,346,624. The disclosure for this purchase can be found here. Corporate insiders own 5.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of BZH. BlackRock Inc. boosted its stake in Beazer Homes USA by 503.7% in the second quarter. BlackRock Inc. now owns 13,729 shares of the company’s stock worth $107,000 after buying an additional 11,455 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in Beazer Homes USA during the second quarter worth $126,000. Quantitative Investment Management LLC acquired a new stake in Beazer Homes USA during the second quarter worth $131,000. Princeton Alpha Management LP boosted its stake in Beazer Homes USA by 78.6% in the second quarter. Princeton Alpha Management LP now owns 20,991 shares of the company’s stock worth $163,000 after buying an additional 9,241 shares in the last quarter. Finally, Oxford Asset Management acquired a new stake in Beazer Homes USA during the second quarter worth $177,000. Institutional investors and hedge funds own 87.56% of the company’s stock.
About Beazer Homes USA
Beazer Homes USA, Inc is a diversified homebuilder with operations in 16 states within three geographic regions in the United States: West, East and Southeast. The Company’s homes are designed to appeal to homeowners at various price points across various demographic segments and are generally offered for sale in advance of their construction.
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