Beazer Homes USA (BZH) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of Beazer Homes USA (NYSE:BZH) from a hold rating to a buy rating in a report issued on Monday morning. The brokerage currently has $17.00 target price on the construction company’s stock.
According to Zacks, “Beazer Homes USA, Inc. designs, builds and sells single family homes. The company designs homes to appeal primarily to entry-level and first move-up home buyers. Their objective is to provide customers with homes that incorporate quality and value. The company’s subsidiary, Beazer Mortgage, originates the mortgages for the company’s home buyers. “
A number of other research analysts also recently issued reports on BZH. TheStreet raised Beazer Homes USA from a c rating to a b- rating in a report on Tuesday, November 14th. Credit Suisse Group reaffirmed a neutral rating and set a $21.00 price target (up from $15.00) on shares of Beazer Homes USA in a report on Monday, November 20th. ValuEngine raised Beazer Homes USA from a hold rating to a buy rating in a report on Friday, February 2nd. Finally, JMP Securities raised Beazer Homes USA from an underperform rating to a market perform rating in a report on Monday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $20.25.
Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Tuesday, November 14th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.50. The firm had revenue of $673.00 million for the quarter, compared to the consensus estimate of $645.17 million. Beazer Homes USA had a positive return on equity of 7.99% and a negative net margin of 5.01%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. analysts predict that Beazer Homes USA will post 1.75 EPS for the current year.
In other news, Director Stephen P. Zelnak, Jr. acquired 15,000 shares of Beazer Homes USA stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average price of $15.68 per share, for a total transaction of $235,200.00. Following the completion of the transaction, the director now owns 319,364 shares in the company, valued at $5,007,627.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen P. Zelnak, Jr. acquired 30,000 shares of Beazer Homes USA stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average price of $15.65 per share, with a total value of $469,500.00. Following the transaction, the director now owns 319,364 shares of the company’s stock, valued at approximately $4,998,046.60. The disclosure for this purchase can be found here. 7.60% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in Beazer Homes USA during the third quarter valued at $149,000. Centaurus Financial Inc. purchased a new stake in Beazer Homes USA during the fourth quarter valued at $204,000. Teacher Retirement System of Texas purchased a new stake in Beazer Homes USA during the fourth quarter valued at $210,000. Stone Ridge Asset Management LLC purchased a new stake in Beazer Homes USA during the fourth quarter valued at $219,000. Finally, First Quadrant L P CA purchased a new stake in Beazer Homes USA during the third quarter valued at $278,000. Institutional investors own 84.13% of the company’s stock.
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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