FBN Securities Lowers Beazer Homes USA Inc. (BZH) to Sector Perform
Beazer Homes USA Inc. (NYSE:BZH) was downgraded by equities researchers at FBN Securities from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Monday. They currently have a $11.50 price objective on the stock, down from their prior price objective of $13.50. FBN Securities’ target price would suggest a potential downside of 0.69% from the company’s previous close.
Separately, Zacks Investment Research upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.05.
Shares of Beazer Homes USA (NYSE:BZH) opened at 11.58 on Monday. Beazer Homes USA has a 12 month low of $6.07 and a 12 month high of $15.79. The stock’s 50 day moving average price is $11.35 and its 200-day moving average price is $9.20. The stock has a market capitalization of $368.39 million, a price-to-earnings ratio of 1.14 and a beta of 3.06.
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Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.11 by $0.07. Beazer Homes USA had a net margin of 19.85% and a return on equity of 6.98%. The business had revenue of $459.90 million for the quarter, compared to analysts’ expectations of $435.58 million. During the same period in the previous year, the company posted $0.38 EPS. Beazer Homes USA’s 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 fiscal year.
In other Beazer Homes USA news, Director Stephen P. Zelnak, Jr. acquired 13,649 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The stock was purchased at an average cost of $10.50 per share, for a total transaction of $143,314.50. Following the completion of the acquisition, the director now owns 278,087 shares of the company’s stock, valued at approximately $2,919,913.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen P. Zelnak, Jr. acquired 22,518 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was acquired at an average price of $10.08 per share, with a total value of $226,981.44. Following the completion of the acquisition, the director now directly owns 264,438 shares of the company’s stock, valued at approximately $2,665,535.04. The disclosure for this purchase can be found here. 5.90% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. Royce & Associates LP boosted its stake in Beazer Homes USA by 10.4% in the second quarter. Royce & Associates LP now owns 1,423,079 shares of the company’s stock worth $11,029,000 after buying an additional 133,900 shares during the period. Brandes Investment Partners LP boosted its stake in Beazer Homes USA by 3.6% in the second quarter. Brandes Investment Partners LP now owns 1,268,168 shares of the company’s stock worth $9,828,000 after buying an additional 44,260 shares during the period. AQR Capital Management LLC boosted its stake in Beazer Homes USA by 67.2% in the second quarter. AQR Capital Management LLC now owns 867,650 shares of the company’s stock worth $6,724,000 after buying an additional 348,627 shares during the period. Emerald Acquisition Ltd. purchased a new stake in Beazer Homes USA during the second quarter worth about $4,937,000. Finally, Dulcet Capital Management boosted its stake in Beazer Homes USA by 4.5% in the second quarter. Dulcet Capital Management now owns 626,703 shares of the company’s stock worth $4,857,000 after buying an additional 26,703 shares during the period. Hedge funds and other institutional investors 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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