Beazer Homes USA, Inc. (BZH) Receives Average Recommendation of “Hold” from Brokerages
Shares of Beazer Homes USA, Inc. (NYSE:BZH) have been given an average recommendation of “Hold” by the five brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $13.25.
BZH has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Beazer Homes USA from a “hold” rating to a “strong sell” rating in a report on Friday, May 5th. Zelman & Associates upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Friday, May 5th. JMP Securities reiterated an “underperform” rating on shares of Beazer Homes USA in a report on Monday, May 29th. Finally, Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $12.31 to $15.00 in a report on Thursday, June 15th.
Beazer Homes USA (BZH) opened at 12.95 on Tuesday. The company’s market cap is $414.00 million. Beazer Homes USA has a 1-year low of $6.81 and a 1-year high of $15.80. The company has a 50-day moving average price of $13.26 and a 200-day moving average price of $13.05.
Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, May 4th. The construction company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. The company had revenue of $425.47 million for the quarter, compared to the consensus estimate of $397.65 million. Beazer Homes USA had a negative net margin of 0.22% and a positive return on equity of 4.08%. Beazer Homes USA’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) EPS. On average, analysts expect that Beazer Homes USA will post $0.79 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in Beazer Homes USA during the fourth quarter worth $4,194,000. State Street Corp increased its stake in Beazer Homes USA by 6.3% in the fourth quarter. State Street Corp now owns 665,687 shares of the construction company’s stock worth $8,852,000 after buying an additional 39,385 shares during the period. Dimensional Fund Advisors LP increased its stake in Beazer Homes USA by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 411,170 shares of the construction company’s stock worth $5,469,000 after buying an additional 22,158 shares during the period. Federated Investors Inc. PA increased its stake in Beazer Homes USA by 313.7% in the fourth quarter. Federated Investors Inc. PA now owns 36,336 shares of the construction company’s stock worth $483,000 after buying an additional 27,553 shares during the period. Finally, Systematic Financial Management LP increased its stake in Beazer Homes USA by 27.1% in the fourth quarter. Systematic Financial Management LP now owns 280,479 shares of the construction company’s stock worth $3,730,000 after buying an additional 59,789 shares during the period. Hedge funds and other institutional investors own 81.51% of the company’s stock.
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About Beazer Homes USA
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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