Beazer Homes USA, Inc. (BZH) Cut to Hold at Zacks Investment Research

Beazer Homes USA, Inc. (NYSE:BZH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, July 10th.

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. “

Other analysts have also recently issued reports about the stock. Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $12.31 to $15.00 in a research note on Thursday, June 15th. Zelman & Associates raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. Credit Suisse Group assumed coverage on shares of Beazer Homes USA in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $13.00 price target on the stock. Finally, JMP Securities reissued an “underperform” rating on shares of Beazer Homes USA in a research report on Monday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Beazer Homes USA presently has a consensus rating of “Hold” and an average price target of $14.13.

Shares of Beazer Homes USA (NYSE:BZH) traded down 2.05% during trading on Monday, reaching $15.75. 659,017 shares of the company’s stock traded hands. The stock has a 50-day moving average of $13.55 and a 200-day moving average of $13.00. The company’s market capitalization is $503.54 million. Beazer Homes USA has a 1-year low of $9.65 and a 1-year high of $16.26.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Tuesday, August 1st. The construction company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The firm had revenue of $478.59 million during the quarter, compared to analysts’ expectations of $470.98 million. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. On average, equities analysts predict that Beazer Homes USA will post $0.83 EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC raised its position in shares of Beazer Homes USA by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock worth $201,000 after buying an additional 118 shares during the period. Royce & Associates LP raised its stake in shares of Beazer Homes USA by 5.8% in the second quarter. Royce & Associates LP now owns 1,484,779 shares of the construction company’s stock valued at $20,371,000 after buying an additional 81,700 shares during the period. American Century Companies Inc. acquired a new stake in shares of Beazer Homes USA during the second quarter valued at about $1,718,000. Federated Investors Inc. PA raised its stake in shares of Beazer Homes USA by 23.8% in the second quarter. Federated Investors Inc. PA now owns 106,709 shares of the construction company’s stock valued at $1,464,000 after buying an additional 20,543 shares during the period. Finally, Winslow Asset Management Inc. raised its stake in shares of Beazer Homes USA by 7.8% in the second quarter. Winslow Asset Management Inc. now owns 461,832 shares of the construction company’s stock valued at $6,336,000 after buying an additional 33,494 shares during the period. 81.04% of the stock is currently owned by institutional investors and hedge funds.

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.

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