Beazer Homes USA (BZH) Stock Rating Upgraded by Wedbush
Beazer Homes USA (NYSE:BZH) was upgraded by research analysts at Wedbush from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, The Fly reports. Wedbush also issued estimates for Beazer Homes USA’s Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.36 EPS, Q1 2019 earnings at $0.12 EPS, Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.40 EPS and Q4 2019 earnings at $1.03 EPS.
A number of other equities analysts have also recently weighed in on BZH. JMP Securities raised Beazer Homes USA from an “underperform” rating to a “market perform” rating in a report on Monday. TheStreet cut Beazer Homes USA from a “b-” rating to a “c-” rating in a report on Wednesday, February 7th. ValuEngine raised Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Monday. Finally, Credit Suisse Group reissued a “neutral” rating and set a $21.00 target price (up previously from $15.00) on shares of Beazer Homes USA in a report on Monday, November 20th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.50.
Beazer Homes USA (NYSE BZH) opened at $15.91 on Tuesday. The firm has a market capitalization of $512.68, a PE ratio of -5.20 and a beta of 2.54. Beazer Homes USA has a fifty-two week low of $11.18 and a fifty-two week high of $23.24. The company has a quick ratio of 2.27, a current ratio of 18.95 and a debt-to-equity ratio of 2.40.
In other news, Director Stephen P. Zelnak, Jr. bought 15,000 shares of Beazer Homes USA stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $15.68 per share, with a total value of $235,200.00. Following the completion of the acquisition, the director now directly owns 319,364 shares of the company’s stock, valued at $5,007,627.52. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen P. Zelnak, Jr. bought 30,000 shares of Beazer Homes USA stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $15.65 per share, with a total value of $469,500.00. Following the acquisition, the director now directly owns 319,364 shares of the company’s stock, valued at $4,998,046.60. The disclosure for this purchase can be found here. 7.30% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Beazer Homes USA during the third quarter valued at approximately $149,000. Centaurus Financial Inc. acquired a new position in shares of Beazer Homes USA during the fourth quarter valued at approximately $204,000. Teacher Retirement System of Texas acquired a new stake in shares of Beazer Homes USA in the fourth quarter valued at approximately $210,000. Voya Investment Management LLC increased its holdings in shares of Beazer Homes USA by 13.0% in the second quarter. Voya Investment Management LLC now owns 17,040 shares of the construction company’s stock valued at $234,000 after purchasing an additional 1,963 shares during the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of Beazer Homes USA in the second quarter valued at approximately $237,000. 84.13% of the stock is owned by institutional investors and hedge funds.
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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.
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