Beazer Homes USA, Inc. (BZH) Lowered to “Hold” at Zacks Investment Research
Beazer Homes USA, Inc. (NYSE:BZH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.
According to Zacks, “Beazer Homes USA, Inc. designs, builds and sells single family homes. The company designs homes to appeal primarily to entry-level and first move-up home buyers. Their objective is to provide customers with homes that incorporate quality and value. The company’s subsidiary, Beazer Mortgage, originates the mortgages for the company’s home buyers. “
Other equities analysts have also issued research reports about the company. Zelman & Associates raised Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. Credit Suisse Group started coverage on Beazer Homes USA in a research note on Thursday, June 22nd. They set a “neutral” rating and a $13.00 price target on the stock. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and upped their price target for the company from $12.31 to $15.00 in a research note on Thursday, June 15th. Finally, JMP Securities reaffirmed an “underperform” rating on shares of Beazer Homes USA in a research note on Monday, May 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $13.63.
Beazer Homes USA (NYSE BZH) traded down 0.22% during trading on Monday, hitting $13.69. 435,830 shares of the stock were exchanged. Beazer Homes USA has a one year low of $8.14 and a one year high of $15.80. The stock’s 50 day moving average is $13.28 and its 200-day moving average is $13.00. The company’s market cap is $437.66 million.
Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Thursday, May 4th. The construction company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.10. Beazer Homes USA had a positive return on equity of 4.08% and a negative net margin of 0.22%. The business had revenue of $425.47 million for the quarter, compared to analyst estimates of $397.65 million. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities research analysts expect that Beazer Homes USA will post $0.75 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new position in Beazer Homes USA during the fourth quarter valued at $2,449,000. Federated Investors Inc. PA raised its position 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 valued at $483,000 after buying an additional 27,553 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in Beazer Homes USA by 7.1% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 308,100 shares of the construction company’s stock valued at $3,736,000 after buying an additional 20,500 shares during the last quarter. Bogle Investment Management L P DE raised its position in Beazer Homes USA by 10.5% in the first quarter. Bogle Investment Management L P DE now owns 332,740 shares of the construction company’s stock valued at $4,036,000 after buying an additional 31,516 shares during the last quarter. Finally, Airain ltd bought a new position in Beazer Homes USA during the first quarter valued at $259,000. 81.51% of the stock is currently owned by hedge funds and other institutional investors.
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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