TheStreet Upgrades Beazer Homes USA (NYSE:BZH) to “B-“

Beazer Homes USA (NYSE:BZH) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Tuesday, November 14th.

A number of other equities research analysts have also recently commented on the stock. ValuEngine cut shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. J P Morgan Chase & Co upgraded shares of Beazer Homes USA from a “neutral” rating to an “overweight” rating and increased their target price for the company from $14.50 to $21.00 in a research report on Thursday, September 14th. Zacks Investment Research cut shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Wedbush lowered shares of Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.50.

Beazer Homes USA (NYSE BZH) traded down $0.56 on Tuesday, hitting $20.60. 534,863 shares of the company traded hands, compared to its average volume of 551,271. The company has a debt-to-equity ratio of 1.95, a quick ratio of 3.30 and a current ratio of 18.20. Beazer Homes USA has a 1 year low of $11.18 and a 1 year high of $23.24. The firm has a market cap of $690.37, a PE ratio of 16.35 and a beta of 2.70.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Tuesday, November 14th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.50. The firm had revenue of $673.00 million during the quarter, compared to analysts’ expectations of $645.17 million. Beazer Homes USA had a net margin of 1.66% and a return on equity of 6.29%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. analysts forecast that Beazer Homes USA will post 1.33 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in Beazer Homes USA by 141.8% during the third quarter. JPMorgan Chase & Co. now owns 2,474,859 shares of the construction company’s stock worth $45,587,000 after buying an additional 1,451,175 shares during the period. Vanguard Group Inc. boosted its stake in Beazer Homes USA by 5.9% during the second quarter. Vanguard Group Inc. now owns 1,687,887 shares of the construction company’s stock worth $23,157,000 after buying an additional 93,632 shares during the period. Royce & Associates LP boosted its stake in Beazer Homes USA by 5.8% during the second quarter. Royce & Associates LP now owns 1,484,779 shares of the construction company’s stock worth $20,371,000 after buying an additional 81,700 shares during the period. Brandes Investment Partners LP boosted its stake in Beazer Homes USA by 4.0% during the second quarter. Brandes Investment Partners LP now owns 1,364,837 shares of the construction company’s stock worth $18,726,000 after buying an additional 51,962 shares during the period. Finally, Northern Trust Corp boosted its stake in Beazer Homes USA by 3.3% during the second quarter. Northern Trust Corp now owns 835,998 shares of the construction company’s stock worth $11,470,000 after buying an additional 26,737 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.

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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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