Beazer Homes USA, Inc. (NYSE:BZH) was upgraded by J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research note issued to investors on Thursday, Marketbeat reports. The brokerage currently has a $21.00 price target on the construction company’s stock, up from their previous price target of $14.50. J P Morgan Chase & Co’s target price indicates a potential upside of 19.25% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, July 4th. Credit Suisse Group started coverage on shares of Beazer Homes USA in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $13.00 price objective for the company. Wedbush raised shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $12.31 to $15.00 in a research report on Thursday, June 15th. ValuEngine cut shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, JMP Securities reissued an “underperform” rating on shares of Beazer Homes USA in a research report on Monday, May 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $15.50.

Beazer Homes USA (NYSE:BZH) traded up 4.08% during mid-day trading on Thursday, reaching $17.61. The company’s stock had a trading volume of 1,318,101 shares. Beazer Homes USA has a 1-year low of $9.67 and a 1-year high of $17.65. The stock’s 50 day moving average price is $15.31 and its 200 day moving average price is $13.45. The stock’s market capitalization is $563.01 million.

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 analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $478.59 million during the quarter, compared to analysts’ expectations of $470.98 million. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 EPS. Analysts expect that Beazer Homes USA will post $0.86 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Beazer Homes USA during the first quarter worth about $114,000. Nordea Investment Management AB lifted its position in shares of Beazer Homes USA by 12.4% during the first 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 bought a new position in shares of Beazer Homes USA during the first quarter worth about $167,000. Bayesian Capital Management LP bought a new position in shares of Beazer Homes USA during the second quarter worth about $190,000. Finally, Neuberger Berman Group LLC lifted its position in shares of Beazer Homes USA by 0.8% during the second 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. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Beazer Homes USA (NYSE:BZH)

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