Beazer Homes USA (BZH) Downgraded to Neutral at JPMorgan Chase & Co.

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Beazer Homes USA (NYSE:BZH) was downgraded by equities research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Friday, September 21st, MarketBeat.com reports. They presently have a $13.00 price target on the construction company’s stock, down from their prior price target of $18.00. JPMorgan Chase & Co.’s target price suggests a potential upside of 38.74% from the company’s current price.

Several other research firms also recently commented on BZH. Zacks Investment Research upgraded shares of Beazer Homes USA from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, September 5th. ValuEngine upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $15.25.

Shares of NYSE:BZH traded down $0.41 on Friday, hitting $9.37. 494,579 shares of the company were exchanged, compared to its average volume of 547,262. Beazer Homes USA has a 1-year low of $9.35 and a 1-year high of $23.24. The company has a current ratio of 13.59, a quick ratio of 1.23 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $353.58 million, a P/E ratio of 6.08 and a beta of 2.49.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Thursday, July 26th. The construction company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Beazer Homes USA had a negative net margin of 3.59% and a positive return on equity of 10.99%. The business had revenue of $511.52 million during the quarter, compared to the consensus estimate of $512.33 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts forecast that Beazer Homes USA will post 1.75 EPS for the current year.

Several institutional investors have recently modified their holdings of BZH. Donald Smith & CO. Inc. raised its holdings in shares of Beazer Homes USA by 19.0% during the second quarter. Donald Smith & CO. Inc. now owns 2,139,068 shares of the construction company’s stock worth $31,551,000 after purchasing an additional 342,001 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Beazer Homes USA by 157.4% during the first quarter. Prudential Financial Inc. now owns 523,049 shares of the construction company’s stock worth $8,343,000 after purchasing an additional 319,827 shares during the last quarter. Brandes Investment Partners LP raised its holdings in shares of Beazer Homes USA by 50.9% during the second quarter. Brandes Investment Partners LP now owns 598,792 shares of the construction company’s stock worth $8,832,000 after purchasing an additional 201,875 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Beazer Homes USA by 18.4% during the second quarter. Royce & Associates LP now owns 987,477 shares of the construction company’s stock worth $14,565,000 after purchasing an additional 153,500 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Beazer Homes USA by 4.3% during the second quarter. BlackRock Inc. now owns 3,106,146 shares of the construction company’s stock worth $45,815,000 after purchasing an additional 127,639 shares during the last quarter. 85.87% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes brand name. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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