Beazer Homes USA (NYSE:BZH) Raised to “Strong-Buy” at Zacks Research

Beazer Homes USA (NYSE:BZH) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts also recently commented on BZH. Wall Street Zen downgraded Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Oppenheimer cut Beazer Homes USA from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. Weiss Ratings downgraded Beazer Homes USA from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. Finally, Texas Capital cut Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Beazer Homes USA Stock Performance

Shares of Beazer Homes USA stock opened at $33.19 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 15.67 and a debt-to-equity ratio of 1.05. Beazer Homes USA has a twelve month low of $17.83 and a twelve month high of $34.54. The stock has a market cap of $885.51 million, a price-to-earnings ratio of -110.63 and a beta of 2.17. The company’s fifty day moving average is $30.13 and its 200 day moving average is $25.43.

Hedge Funds Weigh In On Beazer Homes USA

Several hedge funds and other institutional investors have recently bought and sold shares of BZH. Royal Bank of Canada boosted its position in Beazer Homes USA by 93.9% during the fourth quarter. Royal Bank of Canada now owns 1,883 shares of the construction company’s stock valued at $38,000 after acquiring an additional 912 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of Beazer Homes USA by 454.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock worth $47,000 after acquiring an additional 1,724 shares in the last quarter. Comerica Bank bought a new position in shares of Beazer Homes USA in the 3rd quarter worth about $48,000. Aquatic Capital Management LLC acquired a new position in shares of Beazer Homes USA in the 3rd quarter valued at about $70,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Beazer Homes USA by 123.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock valued at $78,000 after purchasing an additional 1,933 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

About Beazer Homes USA

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.