Beazer Homes USA (NYSE:BZH) Earns “Outperform” Rating from Wedbush

Beazer Homes USA (NYSE:BZH)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Wedbush in a research note issued on Monday,RTT News reports. They currently have a $45.00 price target on the construction company’s stock. Wedbush’s price target would indicate a potential upside of 58.90% from the stock’s previous close.

Separately, Zelman & Associates reissued an “underperform” rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.67.

Beazer Homes USA Stock Up 0.6 %

BZH opened at $28.32 on Monday. The stock’s fifty day simple moving average is $32.32 and its 200 day simple moving average is $31.09. Beazer Homes USA has a 1-year low of $25.48 and a 1-year high of $38.22. The stock has a market cap of $879.34 million, a PE ratio of 6.25, a price-to-earnings-growth ratio of 0.36 and a beta of 2.19. The company has a current ratio of 14.29, a quick ratio of 1.87 and a debt-to-equity ratio of 0.83.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Wednesday, November 13th. The construction company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.34. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%. The firm had revenue of $806.20 million during the quarter, compared to the consensus estimate of $775.42 million. During the same period last year, the business posted $1.80 earnings per share. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. As a group, research analysts expect that Beazer Homes USA will post 4.44 earnings per share for the current year.

Insider Transactions at Beazer Homes USA

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total transaction of $194,187.42. Following the completion of the transaction, the chief financial officer now owns 131,004 shares in the company, valued at approximately $4,199,988.24. This trade represents a 4.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in shares of Beazer Homes USA by 6.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 152,545 shares of the construction company’s stock valued at $4,192,000 after acquiring an additional 9,561 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Beazer Homes USA by 25.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 88,817 shares of the construction company’s stock valued at $2,441,000 after purchasing an additional 17,790 shares during the period. Innealta Capital LLC bought a new position in shares of Beazer Homes USA during the 2nd quarter worth about $88,000. Principal Financial Group Inc. boosted its position in shares of Beazer Homes USA by 9.5% during the 2nd quarter. Principal Financial Group Inc. now owns 20,505 shares of the construction company’s stock worth $563,000 after purchasing an additional 1,771 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in shares of Beazer Homes USA in the 2nd quarter valued at about $545,000. 85.65% of the stock is owned by institutional investors and hedge funds.

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.