Beazer Homes USA (NYSE:BZH) Raised to Outperform at Wedbush

Wedbush upgraded shares of Beazer Homes USA (NYSE:BZH) from a neutral rating to an outperform rating in a research report released on Thursday, Marketbeat Ratings reports. Wedbush currently has $45.00 price objective on the construction company’s stock, up from their previous price objective of $41.00.

Several other brokerages also recently issued reports on BZH. Oppenheimer assumed coverage on shares of Beazer Homes USA in a research report on Friday, May 31st. They set an outperform rating and a $37.00 price objective for the company. B. Riley lowered their target price on Beazer Homes USA from $38.00 to $37.00 and set a buy rating for the company in a report on Friday, August 2nd. Zelman & Associates lowered shares of Beazer Homes USA from a strong-buy rating to a hold rating in a research report on Monday, August 5th. Finally, StockNews.com downgraded shares of Beazer Homes USA from a hold rating to a sell rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $39.67.

Beazer Homes USA Price Performance

Shares of BZH stock opened at $30.80 on Thursday. The firm has a market capitalization of $971.65 million, a price-to-earnings ratio of 5.95, a price-to-earnings-growth ratio of 1.49 and a beta of 2.17. Beazer Homes USA has a 12-month low of $22.03 and a 12-month high of $34.89. The company has a quick ratio of 0.92, a current ratio of 12.42 and a debt-to-equity ratio of 0.91. The firm has a fifty day moving average of $29.98 and a 200-day moving average of $29.39.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. Beazer Homes USA had a return on equity of 12.61% and a net margin of 6.63%. The company had revenue of $595.68 million for the quarter, compared to analyst estimates of $597.67 million. During the same quarter last year, the firm posted $1.24 earnings per share. Beazer Homes USA’s revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Beazer Homes USA will post 4.2 earnings per share for the current year.

Insider Activity at Beazer Homes USA

In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 13,300 shares of Beazer Homes USA stock in a transaction on Monday, July 15th. The shares were sold at an average price of $31.17, for a total transaction of $414,561.00. Following the completion of the transaction, the executive vice president now directly owns 150,819 shares of the company’s stock, valued at $4,701,028.23. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $31.17, for a total value of $414,561.00. Following the transaction, the executive vice president now owns 150,819 shares of the company’s stock, valued at $4,701,028.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Keith L. Belknap, Jr. sold 13,462 shares of Beazer Homes USA stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $30.73, for a total value of $413,687.26. Following the sale, the executive vice president now directly owns 164,119 shares of the company’s stock, valued at $5,043,376.87. The disclosure for this sale can be found here. 6.99% of the stock is owned by company insiders.

Institutional Investors Weigh In On Beazer Homes USA

A number of institutional investors have recently modified their holdings of BZH. Victory Capital Management Inc. raised its stake in Beazer Homes USA by 35.5% in the 4th quarter. Victory Capital Management Inc. now owns 39,525 shares of the construction company’s stock worth $1,336,000 after purchasing an additional 10,361 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Beazer Homes USA by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 589,533 shares of the construction company’s stock worth $19,920,000 after purchasing an additional 22,669 shares during the period. Teacher Retirement System of Texas grew its stake in Beazer Homes USA by 47.2% during the fourth quarter. Teacher Retirement System of Texas now owns 280,213 shares of the construction company’s stock worth $9,468,000 after buying an additional 89,848 shares in the last quarter. USA Financial Formulas increased its holdings in Beazer Homes USA by 4,947.1% in the 4th quarter. USA Financial Formulas now owns 858 shares of the construction company’s stock valued at $29,000 after buying an additional 841 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Beazer Homes USA by 11.6% in the 4th quarter. Principal Financial Group Inc. now owns 10,171 shares of the construction company’s stock valued at $344,000 after buying an additional 1,055 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.