BidaskClub upgraded shares of Beazer Homes USA, Inc. (NYSE:BZH) from a hold rating to a buy rating in a research report report published on Tuesday.

BZH has been the subject of several other research reports. JMP Securities reaffirmed an underperform rating on shares of Beazer Homes USA in a research report on Monday, May 29th. Zacks Investment Research lowered Beazer Homes USA from a buy rating to a hold rating in a research report on Monday, July 10th. Credit Suisse Group started coverage on Beazer Homes USA in a research report on Thursday, June 22nd. They issued a neutral rating and a $13.00 price target for the company. Wedbush lowered Beazer Homes USA from an outperform rating to a neutral rating and set a $15.00 price target for the company. in a research report on Tuesday. Finally, Zelman & Associates raised Beazer Homes USA from a sell rating to a hold rating in a research report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $14.13.

Shares of Beazer Homes USA (BZH) traded up 0.52% during mid-day trading on Tuesday, hitting $15.57. 468,308 shares of the stock traded hands. The company’s 50-day moving average price is $13.95 and its 200 day moving average price is $13.11. Beazer Homes USA has a 1-year low of $9.67 and a 1-year high of $16.26. The company’s market capitalization is $497.79 million.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $478.59 million during the quarter, compared to analyst estimates of $470.98 million. Beazer Homes USA had a return on equity of 4.44% and a net margin of 1.49%. Beazer Homes USA’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. Equities research analysts forecast that Beazer Homes USA will post $0.86 EPS for the current fiscal year.

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A number of institutional investors have recently modified their holdings of BZH. 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. Rhumbline Advisers raised its position in shares of Beazer Homes USA by 1.2% in the second quarter. Rhumbline Advisers now owns 44,068 shares of the construction company’s stock worth $605,000 after buying an additional 523 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Beazer Homes USA by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 115,143 shares of the construction company’s stock worth $1,580,000 after buying an additional 627 shares during the period. Nordea Investment Management AB raised its position in shares of 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 worth $132,000 after buying an additional 1,200 shares during the period. Finally, American International Group Inc. raised its position in shares of Beazer Homes USA by 7.1% in the first quarter. American International Group Inc. now owns 19,387 shares of the construction company’s stock worth $235,000 after buying an additional 1,283 shares during the period. 81.04% of the stock is 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.

Analyst Recommendations for Beazer Homes USA (NYSE:BZH)

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