Beazer Homes USA, Inc. (NYSE:BZH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

Several other analysts have also issued reports on the stock. ValuEngine lowered shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. J P Morgan Chase & Co upgraded shares of Beazer Homes USA from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $14.50 to $21.00 in a research report on Thursday, September 14th. BidaskClub upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Wedbush lowered shares of Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Beazer Homes USA currently has an average rating of “Hold” and an average target price of $16.50.

Beazer Homes USA (NYSE BZH) traded up $0.34 on Tuesday, reaching $20.86. 369,000 shares of the company’s stock were exchanged, compared to its average volume of 532,962. Beazer Homes USA has a one year low of $10.15 and a one year high of $21.46. The company has a quick ratio of 1.85, a current ratio of 15.72 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $724.05, a PE ratio of 34.20 and a beta of 2.73.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Monday, November 13th. The construction company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.46. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The company had revenue of $673.00 million during the quarter, compared to analysts’ expectations of $645.17 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. analysts predict that Beazer Homes USA will post 0.78 earnings per share for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its position in Beazer Homes USA by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 115,143 shares of the construction company’s stock worth $1,580,000 after acquiring an additional 627 shares during the last quarter. Brandes Investment Partners LP boosted its position in Beazer Homes USA by 4.0% during the second quarter. Brandes Investment Partners LP now owns 1,364,837 shares of the construction company’s stock worth $18,726,000 after acquiring an additional 51,962 shares during the last quarter. Swiss National Bank boosted its holdings in Beazer Homes USA by 12.9% in the 2nd quarter. Swiss National Bank now owns 56,100 shares of the construction company’s stock valued at $770,000 after purchasing an additional 6,400 shares during the last quarter. Royce & Associates LP boosted its holdings in Beazer Homes USA by 5.8% in the 2nd quarter. Royce & Associates LP now owns 1,484,779 shares of the construction company’s stock valued at $20,371,000 after purchasing an additional 81,700 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its holdings in Beazer Homes USA by 5.9% in the 1st quarter. TIAA CREF Investment Management LLC now owns 391,187 shares of the construction company’s stock valued at $4,745,000 after purchasing an additional 21,786 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

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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Analyst Recommendations for Beazer Homes USA (NYSE:BZH)

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