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

Beazer Homes USA (NYSE:BZH)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a note issued to investors on Monday,RTT News reports. They presently have a $45.00 price target on the construction company’s stock. Wedbush’s target price would suggest a potential upside of 59.80% from the stock’s current price.

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

Beazer Homes USA Stock Performance

Shares of Beazer Homes USA stock traded up $0.24 during midday trading on Monday, hitting $28.16. The company had a trading volume of 262,983 shares, compared to its average volume of 358,051. The company has a quick ratio of 1.87, a current ratio of 14.29 and a debt-to-equity ratio of 0.83. Beazer Homes USA has a 12-month low of $25.48 and a 12-month high of $38.22. The stock has a market cap of $874.37 million, a price-to-earnings ratio of 6.22, a PEG ratio of 0.36 and a beta of 2.19. The company has a fifty day simple moving average of $32.40 and a 200 day simple moving average of $31.09.

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

Insider Transactions at Beazer Homes USA

In related news, CFO David I. Goldberg sold 6,057 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of the sale, the chief financial officer now directly owns 131,004 shares of the company’s stock, valued at $4,199,988.24. The trade was a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.99% of the company’s stock.

Institutional Investors Weigh In On Beazer Homes USA

Several hedge funds have recently made changes to their positions in BZH. Donald Smith & CO. Inc. raised its position in Beazer Homes USA by 1.5% in the third quarter. Donald Smith & CO. Inc. now owns 3,132,427 shares of the construction company’s stock worth $107,035,000 after acquiring an additional 45,553 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Beazer Homes USA by 52.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 545,983 shares of the construction company’s stock valued at $18,656,000 after purchasing an additional 188,084 shares in the last quarter. Winslow Asset Management Inc. lifted its stake in shares of Beazer Homes USA by 0.4% in the third quarter. Winslow Asset Management Inc. now owns 491,330 shares of the construction company’s stock valued at $16,789,000 after purchasing an additional 1,717 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Beazer Homes USA by 27.8% in the second quarter. First Eagle Investment Management LLC now owns 459,645 shares of the construction company’s stock valued at $12,631,000 after purchasing an additional 99,959 shares during the period. Finally, Mill Road Capital Management LLC boosted its holdings in Beazer Homes USA by 89.1% during the third quarter. Mill Road Capital Management LLC now owns 368,069 shares of the construction company’s stock worth $12,577,000 after buying an additional 173,474 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

About Beazer Homes USA

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.