Beazer Homes USA (NYSE:BZH) PT Lowered to $37.00 at B. Riley

Beazer Homes USA (NYSE:BZH) had its price objective lowered by stock analysts at B. Riley from $38.00 to $37.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. B. Riley’s price objective would suggest a potential upside of 26.32% from the stock’s previous close.

A number of other brokerages have also recently issued reports on BZH. Wedbush raised their price objective on Beazer Homes USA from $33.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday. Oppenheimer started coverage on shares of Beazer Homes USA in a research note on Friday, May 31st. They issued an “outperform” rating and a $37.00 target price on the stock. Finally, StockNews.com raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Tuesday, June 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Beazer Homes USA presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.75.

Beazer Homes USA Stock Performance

Shares of NYSE:BZH traded down $3.44 during midday trading on Friday, reaching $29.29. 469,240 shares of the company traded hands, compared to its average volume of 361,176. The firm’s fifty day moving average price is $29.18 and its two-hundred day moving average price is $29.63. The firm has a market capitalization of $924.10 million, a price-to-earnings ratio of 5.65, a price-to-earnings-growth ratio of 1.45 and a beta of 2.16. The company has a quick ratio of 1.30, a current ratio of 13.50 and a debt-to-equity ratio of 0.88. Beazer Homes USA has a 12 month low of $22.03 and a 12 month high of $34.89.

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

Insider Buying and Selling

In other news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $31.17, for a total transaction of $414,561.00. Following the sale, the executive vice president now owns 150,819 shares in the company, valued at approximately $4,701,028.23. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $31.17, for a total value of $414,561.00. Following the completion of the transaction, the executive vice president now owns 150,819 shares in the company, valued at $4,701,028.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Keith L. Belknap, Jr. sold 13,462 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 164,119 shares in the company, valued at $5,043,376.87. The disclosure for this sale can be found here. Insiders sold a total of 41,762 shares of company stock valued at $1,252,898 over the last three months. Corporate insiders own 6.99% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. USA Financial Formulas lifted its holdings in shares of Beazer Homes USA by 4,947.1% in the fourth quarter. USA Financial Formulas now owns 858 shares of the construction company’s stock worth $29,000 after buying an additional 841 shares in the last quarter. AJOVista LLC purchased a new position in shares of Beazer Homes USA in the fourth quarter valued at $37,000. Innealta Capital LLC bought a new position in Beazer Homes USA during the second quarter valued at $88,000. Aigen Investment Management LP purchased a new position in shares of Beazer Homes USA in the 4th quarter worth $201,000. Finally, Belpointe Asset Management LLC bought a new stake in shares of Beazer Homes USA in the 4th quarter worth about $207,000. 85.65% of the stock is currently owned by institutional investors.

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.