Beazer Homes USA Inc. (NYSE:BZH) was downgraded by equities researchers at FBN Securities from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Monday. They currently have a $11.50 price objective on the stock, down from their prior price objective of $13.50. FBN Securities’ target price would suggest a potential downside of 0.69% from the company’s previous close.
Separately, Zacks Investment Research upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.05.
Shares of Beazer Homes USA (NYSE:BZH) opened at 11.58 on Monday. Beazer Homes USA has a 12 month low of $6.07 and a 12 month high of $15.79. The stock’s 50 day moving average price is $11.35 and its 200-day moving average price is $9.20. The stock has a market capitalization of $368.39 million, a price-to-earnings ratio of 1.14 and a beta of 3.06.
Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.11 by $0.07. Beazer Homes USA had a net margin of 19.85% and a return on equity of 6.98%. The business had revenue of $459.90 million for the quarter, compared to analysts’ expectations of $435.58 million. During the same period in the previous year, the company posted $0.38 EPS. Beazer Homes USA’s revenue was up 7.1% on a year-over-year basis. Equities analysts forecast that Beazer Homes USA will post $0.38 earnings per share for the current fiscal year.
In other Beazer Homes USA news, Director Stephen P. Zelnak, Jr. acquired 13,649 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The stock was purchased at an average cost of $10.50 per share, for a total transaction of $143,314.50. Following the completion of the acquisition, the director now owns 278,087 shares of the company’s stock, valued at approximately $2,919,913.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen P. Zelnak, Jr. acquired 22,518 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was acquired at an average price of $10.08 per share, with a total value of $226,981.44. Following the completion of the acquisition, the director now directly owns 264,438 shares of the company’s stock, valued at approximately $2,665,535.04. The disclosure for this purchase can be found here. 5.90% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. Royce & Associates LP boosted its stake in Beazer Homes USA by 10.4% in the second quarter. Royce & Associates LP now owns 1,423,079 shares of the company’s stock worth $11,029,000 after buying an additional 133,900 shares during the period. Brandes Investment Partners LP boosted its stake in Beazer Homes USA by 3.6% in the second quarter. Brandes Investment Partners LP now owns 1,268,168 shares of the company’s stock worth $9,828,000 after buying an additional 44,260 shares during the period. AQR Capital Management LLC boosted its stake in Beazer Homes USA by 67.2% in the second quarter. AQR Capital Management LLC now owns 867,650 shares of the company’s stock worth $6,724,000 after buying an additional 348,627 shares during the period. Emerald Acquisition Ltd. purchased a new stake in Beazer Homes USA during the second quarter worth about $4,937,000. Finally, Dulcet Capital Management boosted its stake in Beazer Homes USA by 4.5% in the second quarter. Dulcet Capital Management now owns 626,703 shares of the company’s stock worth $4,857,000 after buying an additional 26,703 shares during the period. Hedge funds and other institutional investors own 87.56% of the company’s stock.
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