Beazer Homes USA (NYSE:BZH) Given Underperform Rating at Zelman & Associates

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

A number of other analysts also recently weighed in on BZH. B. Riley decreased 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 research report on Friday, August 2nd. Oppenheimer began coverage on shares of Beazer Homes USA in a research report on Friday, May 31st. They set an outperform rating and a $37.00 target price for the company. Wedbush raised shares of Beazer Homes USA from a neutral rating to an outperform rating and increased their target price for the company from $41.00 to $45.00 in a research report on Thursday, September 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. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, Beazer Homes USA has an average rating of Hold and an average target price of $39.67.

Beazer Homes USA Stock Performance

Beazer Homes USA stock opened at $33.89 on Tuesday. The business has a 50 day moving average of $30.81 and a 200-day moving average of $29.50. Beazer Homes USA has a 1 year low of $22.03 and a 1 year high of $34.89. The company has a debt-to-equity ratio of 0.91, a current ratio of 12.42 and a quick ratio of 0.92. The company has a market capitalization of $1.07 billion, a P/E ratio of 6.54, a P/E/G ratio of 1.48 and a beta of 2.17.

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 analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $595.68 million during the quarter, compared to the consensus estimate of $597.67 million. Beazer Homes USA had a net margin of 6.63% and a return on equity of 12.61%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 EPS. On average, equities research analysts predict that Beazer Homes USA will post 4.2 earnings per share for the current year.

Insider Transactions at Beazer Homes USA

In other news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 150,819 shares of the company’s stock, valued at approximately $4,701,028.23. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 150,819 shares of the company’s stock, valued at approximately $4,701,028.23. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Keith L. Belknap, Jr. sold 13,462 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $30.73, for a total transaction of $413,687.26. Following the sale, the executive vice president now directly owns 164,119 shares of the company’s stock, valued at approximately $5,043,376.87. The disclosure for this sale can be found here. Insiders own 6.99% of the company’s stock.

Hedge Funds Weigh In On Beazer Homes USA

A number of large investors have recently modified their holdings of BZH. Charles Schwab Investment Management Inc. lifted its holdings in shares of Beazer Homes USA by 4.0% in the 4th 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 in the last quarter. Principal Financial Group Inc. lifted its holdings 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 worth $344,000 after purchasing an additional 1,055 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Beazer Homes USA by 3.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 76,263 shares of the construction company’s stock worth $2,577,000 after purchasing an additional 2,640 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Beazer Homes USA in the 4th quarter worth $201,000. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Beazer Homes USA by 92.4% in the 4th quarter. Allianz Asset Management GmbH now owns 263,547 shares of the construction company’s stock worth $8,905,000 after purchasing an additional 126,551 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

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.