Zelman & Associates Reaffirms Underperform Rating for Beazer Homes USA (NYSE:BZH)

Zelman & Associates restated their underperform rating on shares of Beazer Homes USA (NYSE:BZH) in a report released on Tuesday morning, Marketbeat reports.

Several other research firms have also issued reports on BZH. B. Riley lowered their target price on shares of Beazer Homes USA from $38.00 to $37.00 and set a buy rating for the company in a report on Friday, August 2nd. StockNews.com lowered Beazer Homes USA from a hold rating to a sell rating in a research report on Monday, August 5th. Oppenheimer began coverage on Beazer Homes USA in a report on Friday, May 31st. They issued an outperform rating and a $37.00 price target on the stock. Finally, Wedbush raised Beazer Homes USA from a neutral rating to an outperform rating and upped their price objective for the company from $41.00 to $45.00 in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $39.67.

Beazer Homes USA Stock Down 3.5 %

Shares of NYSE:BZH opened at $33.33 on Tuesday. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 6.43, a PEG ratio of 1.48 and a beta of 2.17. Beazer Homes USA has a 12 month low of $22.03 and a 12 month high of $35.20. The company has a current ratio of 12.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.91. The company has a 50-day moving average price of $31.11 and a 200 day moving average price of $29.58.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, August 1st. The construction company reported $0.88 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $595.68 million for the quarter, compared to the consensus estimate of $597.67 million. During the same quarter in the previous year, the company posted $1.24 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, equities research analysts predict that Beazer Homes USA will post 4.2 earnings per share for the current year.

Insider Buying and Selling

In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 13,462 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $30.73, for a total transaction of $413,687.26. Following the transaction, the executive vice president now owns 164,119 shares of the company’s stock, valued at approximately $5,043,376.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 150,819 shares of the company’s stock, valued at approximately $4,701,028.23. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Keith L. Belknap, Jr. sold 13,462 shares of the company’s stock in a transaction 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 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 insiders.

Hedge Funds Weigh In On Beazer Homes USA

Large investors have recently added to or reduced their stakes in the company. DGS Capital Management LLC boosted its holdings in shares of Beazer Homes USA by 4.1% in the 1st quarter. DGS Capital Management LLC now owns 9,817 shares of the construction company’s stock valued at $322,000 after buying an additional 386 shares in the last quarter. Capstone Investment Advisors LLC lifted its position in Beazer Homes USA by 8.2% during the first quarter. Capstone Investment Advisors LLC now owns 7,071 shares of the construction company’s stock valued at $232,000 after acquiring an additional 533 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Beazer Homes USA by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 15,184 shares of the construction company’s stock valued at $417,000 after acquiring an additional 581 shares in the last quarter. ClariVest Asset Management LLC increased its position in shares of Beazer Homes USA by 2.8% during the second quarter. ClariVest Asset Management LLC now owns 34,257 shares of the construction company’s stock worth $941,000 after purchasing an additional 918 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Beazer Homes USA by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,780 shares of the construction company’s stock valued at $584,000 after purchasing an additional 943 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

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.