Beazer Homes USA (BZH) Upgraded by JMP Securities to Market Perform

Beazer Homes USA (NYSE:BZH) was upgraded by analysts at JMP Securities from an “underperform” rating to a “market perform” rating in a note issued to investors on Monday, MarketBeat reports.

A number of other research analysts have also recently commented on the stock. TheStreet cut shares of Beazer Homes USA from a “b-” rating to a “c-” rating in a research report on Wednesday, February 7th. ValuEngine raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research report on Monday, November 20th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $21.00 target price (up previously from $15.00) on shares of Beazer Homes USA in a research report on Monday, November 20th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $18.50.

Beazer Homes USA (NYSE BZH) traded up $0.66 during midday trading on Monday, reaching $15.91. 871,599 shares of the company’s stock were exchanged, compared to its average volume of 695,639. Beazer Homes USA has a 52 week low of $11.18 and a 52 week high of $23.24. The company has a debt-to-equity ratio of 2.40, a current ratio of 18.95 and a quick ratio of 2.27. The firm has a market capitalization of $534.86, a PE ratio of -5.15 and a beta of 2.54.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Tuesday, November 14th. The construction company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $673.00 million for the quarter, compared to analysts’ expectations of $645.17 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. Beazer Homes USA’s revenue for the quarter was up 6.5% compared to the same quarter last year. equities research analysts anticipate that Beazer Homes USA will post 1.75 EPS for the current fiscal year.

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

Several hedge funds have recently added to or reduced their stakes in BZH. SG Americas Securities LLC purchased a new stake in shares of Beazer Homes USA during the third quarter worth approximately $149,000. Centaurus Financial Inc. purchased a new stake in shares of Beazer Homes USA during the fourth quarter worth approximately $204,000. Teacher Retirement System of Texas purchased a new stake in shares of Beazer Homes USA during the fourth quarter worth approximately $210,000. Voya Investment Management LLC increased its stake in shares of Beazer Homes USA by 13.0% during the second quarter. Voya Investment Management LLC now owns 17,040 shares of the construction company’s stock worth $234,000 after buying an additional 1,963 shares during the period. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of Beazer Homes USA during the second quarter worth approximately $237,000. Hedge funds and other institutional investors own 84.13% of the company’s stock.

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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.

Analyst Recommendations for Beazer Homes USA (NYSE:BZH)

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