FBN Securities cut shares of Beazer Homes USA Inc. (NYSE:BZH) from an outperform rating to a sector perform rating in a research note published on Monday morning. They currently have $11.50 price target on the stock, down from their previous price target of $13.50.
Separately, Zacks Investment Research raised Beazer Homes USA from a sell rating to a hold rating in a report on Monday, July 18th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Beazer Homes USA currently has an average rating of Hold and a consensus target price of $14.05.
Beazer Homes USA (NYSE:BZH) traded down 1.22% during mid-day trading on Monday, hitting $11.32. The stock had a trading volume of 37,142 shares. The stock has a 50 day moving average of $11.38 and a 200-day moving average of $9.23. Beazer Homes USA has a 1-year low of $6.07 and a 1-year high of $15.79. The firm has a market cap of $360.12 million, a P/E ratio of 1.12 and a beta of 3.06.
Beazer Homes USA (NYSE:BZH) last issued its earnings results on Thursday, July 28th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07. Beazer Homes USA had a return on equity of 6.98% and a net margin of 19.85%. The business earned $459.90 million during the quarter, compared to analysts’ expectations of $435.58 million. During the same period in the prior year, the firm posted $0.38 EPS. Beazer Homes USA’s quarterly revenue was up 7.1% compared to the same quarter last year. Analysts predict that Beazer Homes USA will post $0.38 EPS for the current fiscal year.
In other news, Director Stephen P. Zelnak, Jr. acquired 13,649 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were purchased at an average cost of $10.50 per share, for a total transaction of $143,314.50. Following the transaction, the director now owns 278,087 shares of the company’s stock, valued at $2,919,913.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephen P. Zelnak, Jr. acquired 22,518 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was purchased at an average price of $10.08 per share, for a total transaction of $226,981.44. Following the completion of the transaction, the director now directly owns 264,438 shares in the company, valued at approximately $2,665,535.04. The disclosure for this purchase can be found here. Corporate insiders own 5.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in BZH. BlackRock Inc. raised its position in shares of Beazer Homes USA by 503.7% in the second quarter. BlackRock Inc. now owns 13,729 shares of the company’s stock worth $107,000 after buying an additional 11,455 shares during the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Beazer Homes USA during the second quarter worth approximately $126,000. Quantitative Investment Management LLC purchased a new position in shares of Beazer Homes USA during the second quarter worth approximately $131,000. Princeton Alpha Management LP raised its position in shares of Beazer Homes USA by 78.6% in the second quarter. Princeton Alpha Management LP now owns 20,991 shares of the company’s stock worth $163,000 after buying an additional 9,241 shares during the last quarter. Finally, Oxford Asset Management purchased a new position in shares of Beazer Homes USA during the second quarter worth approximately $177,000. Hedge funds and other institutional investors own 87.56% of the company’s stock.
Beazer Homes USA Company Profile
Beazer Homes USA, Inc is a diversified homebuilder with operations in 16 states within three geographic regions in the United States: West, East and Southeast. The Company’s homes are designed to appeal to homeowners at various price points across various demographic segments and are generally offered for sale in advance of their construction.
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