Beazer Homes USA (NYSE:BZH) Price Target Raised to $41.00 at Wedbush

Beazer Homes USA (NYSE:BZH) had its price target boosted by stock analysts at Wedbush from $33.00 to $41.00 in a report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Wedbush’s price target points to a potential upside of 25.27% from the stock’s current price.

Several other equities research analysts have also issued reports on BZH. StockNews.com raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Tuesday, June 4th. Oppenheimer assumed coverage on shares of Beazer Homes USA in a report on Friday, May 31st. They issued an “outperform” rating and a $37.00 target price for the company.

Beazer Homes USA Price Performance

Shares of NYSE:BZH opened at $32.73 on Friday. The firm’s 50 day moving average price is $29.18 and its 200-day moving average price is $29.63. The company has a quick ratio of 1.30, a current ratio of 13.50 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $1.03 billion, a PE ratio of 6.32, a price-to-earnings-growth ratio of 1.45 and a beta of 2.16. Beazer Homes USA has a twelve month low of $22.03 and a twelve month high of $34.89.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.83 by $0.05. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The firm had revenue of $595.68 million during the quarter, compared to analyst estimates of $597.67 million. During the same period in the prior year, the business posted $1.24 EPS. Beazer Homes USA’s revenue was up 4.0% on a year-over-year basis. Equities research analysts expect that Beazer Homes USA will post 4.64 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Keith L. Belknap, Jr. sold 13,462 shares of Beazer Homes USA stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $30.73, for a total value of $413,687.26. Following the sale, the executive vice president now directly owns 164,119 shares of the company’s stock, valued at $5,043,376.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Keith L. Belknap, Jr. sold 15,000 shares of Beazer Homes USA stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $28.31, for a total value of $424,650.00. Following the completion of the transaction, the executive vice president now owns 195,819 shares in the company, valued at $5,543,635.89. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Keith L. Belknap, Jr. sold 13,462 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $30.73, for a total value of $413,687.26. Following the transaction, the executive vice president now directly owns 164,119 shares in the company, valued at approximately $5,043,376.87. The disclosure for this sale can be found here. Insiders have sold a total of 41,762 shares of company stock worth $1,252,898 in the last 90 days. 6.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BZH. Teacher Retirement System of Texas lifted its stake in shares of Beazer Homes USA by 47.2% during the 4th quarter. Teacher Retirement System of Texas now owns 280,213 shares of the construction company’s stock worth $9,468,000 after acquiring an additional 89,848 shares during the last quarter. Foundry Partners LLC lifted its position in shares of Beazer Homes USA by 29.4% during the first quarter. Foundry Partners LLC now owns 163,805 shares of the construction company’s stock worth $5,373,000 after purchasing an additional 37,200 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Beazer Homes USA by 53.3% during the first quarter. First Eagle Investment Management LLC now owns 359,686 shares of the construction company’s stock valued at $11,798,000 after purchasing an additional 125,100 shares during the period. Donald Smith & CO. Inc. grew its holdings in shares of Beazer Homes USA by 58.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock worth $87,403,000 after purchasing an additional 958,814 shares during the last quarter. Finally, EMG Holdings L.P. purchased a new position in Beazer Homes USA in the 4th quarter worth about $4,831,000. Institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.