Beazer Homes USA (NYSE:BZH) Price Target Cut to $37.00 by Analysts at B. Riley

Beazer Homes USA (NYSE:BZH) had its target price reduced by B. Riley from $38.00 to $37.00 in a research report report published on Friday, Benzinga reports. B. Riley currently has a buy rating on the construction company’s stock.

Several other equities analysts also recently commented on the stock. Wedbush boosted their price target on shares of Beazer Homes USA from $33.00 to $41.00 and gave the stock a neutral rating in a research note on Friday. Oppenheimer assumed coverage on shares of Beazer Homes USA in a research report on Friday, May 31st. They set an outperform rating and a $37.00 price objective for the company. Finally, StockNews.com raised shares of Beazer Homes USA from a sell rating to a hold rating in a research report on Tuesday, June 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $37.75.

Beazer Homes USA Trading Down 12.7 %

Beazer Homes USA stock traded down $4.16 during trading on Friday, hitting $28.57. The company had a trading volume of 1,038,116 shares, compared to its average volume of 451,091. Beazer Homes USA has a 1-year low of $22.03 and a 1-year high of $34.89. The company has a current ratio of 13.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. The company’s 50 day simple moving average is $29.20 and its 200-day simple moving average is $29.60. The stock has a market cap of $901.38 million, a price-to-earnings ratio of 5.51, a price-to-earnings-growth ratio of 1.41 and a beta of 2.16.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, August 1st. The construction company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.83 by $0.05. 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 12.75%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 earnings per share. As a group, analysts expect that Beazer Homes USA will post 4.64 EPS for the current fiscal year.

Insider Activity

In related news, EVP Keith L. Belknap, Jr. sold 13,462 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $30.73, for a total transaction of $413,687.26. Following the sale, the executive vice president now owns 164,119 shares in the company, valued at $5,043,376.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Keith L. Belknap, Jr. sold 13,462 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $30.73, for a total transaction of $413,687.26. Following the sale, the executive vice president now owns 164,119 shares in the company, valued at $5,043,376.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Keith L. Belknap, Jr. sold 15,000 shares of Beazer Homes USA stock in a transaction on Monday, May 6th. The shares were sold at an average price of $28.31, for a total transaction of $424,650.00. Following the completion of the transaction, the executive vice president now owns 195,819 shares in the company, valued at approximately $5,543,635.89. The disclosure for this sale can be found here. Insiders have sold 41,762 shares of company stock worth $1,252,898 over the last ninety days. 6.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Beazer Homes USA

A number of hedge funds have recently made changes to their positions in the stock. USA Financial Formulas raised its stake in shares of Beazer Homes USA by 4,947.1% in the 4th quarter. USA Financial Formulas now owns 858 shares of the construction company’s stock valued at $29,000 after acquiring an additional 841 shares during the period. AJOVista LLC purchased a new position in shares of Beazer Homes USA in the 4th quarter valued at $37,000. Innealta Capital LLC purchased a new position in shares of Beazer Homes USA in the 2nd quarter valued at $88,000. Aigen Investment Management LP purchased a new position in shares of Beazer Homes USA in the 4th quarter valued at $201,000. Finally, Belpointe Asset Management LLC purchased a new position in shares of Beazer Homes USA in the 4th quarter valued at $207,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

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.