Beazer Homes USA, Inc. (NYSE:BZH) has received a consensus rating of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $15.33.
BZH has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered shares of Beazer Homes USA from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $18.00 to $13.00 in a report on Friday, September 21st. Zacks Investment Research upgraded shares of Beazer Homes USA from a “hold” rating to a “strong-buy” rating and set a $15.00 price target for the company in a report on Wednesday, September 5th. ValuEngine upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. Credit Suisse Group lowered their price target on shares of Beazer Homes USA from $16.00 to $13.00 and set a “hold” rating for the company in a report on Wednesday, September 26th. Finally, Wedbush lowered their price target on shares of Beazer Homes USA from $22.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, September 26th.
NYSE:BZH traded down $0.41 during midday trading on Wednesday, reaching $9.37. 494,579 shares of the stock traded hands, compared to its average volume of 547,262. Beazer Homes USA has a 12 month low of $9.35 and a 12 month high of $23.24. The company has a quick ratio of 1.23, a current ratio of 13.59 and a debt-to-equity ratio of 2.28. The firm has a market capitalization of $353.58 million, a P/E ratio of 6.08 and a beta of 2.49.
Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, July 26th. The construction company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. Beazer Homes USA had a negative net margin of 3.59% and a positive return on equity of 10.99%. The company had revenue of $511.52 million during the quarter, compared to analyst estimates of $512.33 million. During the same period in the prior year, the business posted $0.22 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts anticipate that Beazer Homes USA will post 1.75 EPS for the current year.
A number of institutional investors have recently modified their holdings of BZH. We Are One Seven LLC purchased a new position in Beazer Homes USA during the 3rd quarter valued at $139,000. Metropolitan Life Insurance Co. NY increased its position in Beazer Homes USA by 405.4% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 10,547 shares of the construction company’s stock valued at $156,000 after purchasing an additional 8,460 shares during the period. Paloma Partners Management Co purchased a new position in Beazer Homes USA during the 2nd quarter valued at $265,000. NJ State Employees Deferred Compensation Plan purchased a new position in Beazer Homes USA during the 2nd quarter valued at $295,000. Finally, A.R.T. Advisors LLC purchased a new position in Beazer Homes USA during the 1st quarter valued at $400,000. 85.87% of the stock is currently owned by institutional investors and hedge funds.
Beazer Homes USA Company Profile
Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes brand name. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.
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