Beazer Homes USA (BZH) Stock Rating Upgraded by Zacks Investment Research

Beazer Homes USA (NYSE:BZH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The brokerage currently has a $17.00 price target on the construction company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 6.85% from the stock’s previous close.

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. “

A number of other equities analysts have also commented on BZH. TheStreet raised shares of Beazer Homes USA from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. Credit Suisse Group reaffirmed a “neutral” rating and set a $21.00 price target (up from $15.00) on shares of Beazer Homes USA in a research report on Monday, November 20th. ValuEngine raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, JMP Securities raised shares of Beazer Homes USA from an “underperform” rating to a “market perform” rating in a research report on Monday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $18.50.

Beazer Homes USA (NYSE:BZH) traded up $0.66 during trading hours on Monday, reaching $15.91. 871,599 shares of the company were exchanged, compared to its average volume of 715,945. Beazer Homes USA has a 1-year low of $11.18 and a 1-year high of $23.24. The company has a market capitalization of $512.68, a price-to-earnings ratio of -5.20 and a beta of 2.54. The company has a current ratio of 18.95, a quick ratio of 2.27 and a debt-to-equity ratio of 2.40.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Tuesday, November 14th. The construction company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.50. Beazer Homes USA had a negative net margin of 5.01% and a positive return on equity of 7.99%. The business had revenue of $673.00 million for the quarter, compared to analyst estimates of $645.17 million. During the same period last year, the firm earned $0.45 earnings per share. Beazer Homes USA’s revenue for the quarter was up 6.5% compared to the same quarter last year. analysts anticipate that Beazer Homes USA will post 1.75 EPS for the current fiscal year.

In other news, Director Stephen P. Zelnak, Jr. bought 30,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $15.65 per share, with a total value of $469,500.00. Following the acquisition, the director now directly owns 319,364 shares in the company, valued at $4,998,046.60. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Stephen P. Zelnak, Jr. bought 15,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was purchased at an average cost of $15.68 per share, for a total transaction of $235,200.00. Following the completion of the acquisition, the director now owns 319,364 shares in the company, valued at $5,007,627.52. The disclosure for this purchase can be found here. 7.30% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its holdings in Beazer Homes USA by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,938 shares of the construction company’s stock valued at $355,000 after buying an additional 318 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Beazer Homes USA by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 115,143 shares of the construction company’s stock valued at $1,580,000 after purchasing an additional 627 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Beazer Homes USA by 0.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 392,908 shares of the construction company’s stock valued at $5,391,000 after purchasing an additional 1,721 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Beazer Homes USA by 13.0% during the 2nd quarter. Voya Investment Management LLC now owns 17,040 shares of the construction company’s stock valued at $234,000 after purchasing an additional 1,963 shares during the last quarter. Finally, TCW Group Inc. grew its holdings in shares of Beazer Homes USA by 3.8% during the 3rd quarter. TCW Group Inc. now owns 120,303 shares of the construction company’s stock valued at $2,254,000 after purchasing an additional 4,440 shares during the last quarter. 84.13% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This article was first published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/02/12/beazer-homes-usa-bzh-stock-rating-upgraded-by-zacks-investment-research.html.

Beazer Homes USA Company Profile

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.

Get a free copy of the Zacks research report on Beazer Homes USA (BZH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Beazer Homes USA (NYSE:BZH)

Receive News & Ratings for Beazer Homes USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazer Homes USA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply