Wedbush upgraded shares of Beazer Homes USA, Inc. (NYSE:BZH) from a neutral rating to an outperform rating in a research note released on Thursday, June 15th, Marketbeat.com reports. The brokerage currently has $15.00 price objective on the construction company’s stock, up from their prior price objective of $12.31.
Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Beazer Homes USA from a hold rating to a strong sell rating in a research report on Friday, May 5th. Zelman & Associates raised Beazer Homes USA from a sell rating to a hold rating in a research report on Friday, May 5th. Finally, JMP Securities restated an underperform rating on shares of Beazer Homes USA in a research note on Monday, May 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Beazer Homes USA currently has an average rating of Hold and a consensus target price of $13.63.
Beazer Homes USA (NYSE BZH) remained flat at $13.01 during trading on Thursday. 122,254 shares of the company’s stock traded hands. The company’s market capitalization is $415.92 million. Beazer Homes USA has a 52-week low of $6.81 and a 52-week high of $15.80. The company’s 50-day moving average price is $13.29 and its 200 day moving average price is $13.04.
Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, May 4th. The construction company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. Beazer Homes USA had a positive return on equity of 4.08% and a negative net margin of 0.22%. The company had revenue of $425.47 million during the quarter, compared to analysts’ expectations of $397.65 million. During the same period in the prior year, the business posted ($0.04) EPS. Beazer Homes USA’s revenue was up 10.3% on a year-over-year basis. Equities analysts expect that Beazer Homes USA will post $0.79 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in Beazer Homes USA during the first quarter valued at $114,000. Nordea Investment Management AB boosted its position in Beazer Homes USA by 12.4% in the first quarter. Nordea Investment Management AB now owns 10,886 shares of the construction company’s stock valued at $132,000 after buying an additional 1,200 shares in the last quarter. Teza Capital Management LLC acquired a new position in Beazer Homes USA during the first quarter valued at $167,000. Worth Venture Partners LLC acquired a new position in Beazer Homes USA during the fourth quarter valued at $183,000. Finally, Quantbot Technologies LP acquired a new position in Beazer Homes USA during the first quarter valued at $213,000. 81.51% of the stock is currently owned by institutional investors.
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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