Beazer Homes USA’s (BZH) “Underperform” Rating Reiterated at Zelman & Associates

Zelman & Associates reissued their underperform rating on shares of Beazer Homes USA (NYSE:BZH) in a research report sent to investors on Tuesday morning, Marketbeat.com reports.

Other equities research analysts have also recently issued reports about the stock. B. Riley decreased their price objective 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. Oppenheimer assumed coverage on Beazer Homes USA in a report on Friday, May 31st. They issued an outperform rating and a $37.00 target price for the company. StockNews.com downgraded Beazer Homes USA from a hold rating to a sell rating in a report on Monday, August 5th. Finally, Wedbush raised shares of Beazer Homes USA from a neutral rating to an outperform rating and lifted their price target 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 issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $39.67.

Beazer Homes USA Price Performance

Shares of NYSE:BZH opened at $34.55 on Tuesday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 6.67, a P/E/G ratio of 1.48 and a beta of 2.17. Beazer Homes USA has a 1 year low of $22.03 and a 1 year 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 business has a fifty day simple moving average of $31.06 and a 200 day simple moving average of $29.56.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, August 1st. The construction company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $595.68 million during the quarter, compared to the consensus estimate of $597.67 million. During the same period last year, the business earned $1.24 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, sell-side analysts predict that Beazer Homes USA will post 4.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Beazer Homes USA 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 stock was sold at an average price of $31.17, for a total value of $414,561.00. Following the sale, the executive vice president now owns 150,819 shares of the company’s stock, valued at approximately $4,701,028.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Keith L. Belknap, Jr. sold 13,462 shares of the business’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 in the company, valued at approximately $5,043,376.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Keith L. Belknap, Jr. sold 13,300 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $31.17, for a total transaction of $414,561.00. Following 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 disclosure for this sale can be found here. 6.99% of the stock is owned by insiders.

Institutional Investors Weigh In On Beazer Homes USA

A number of institutional investors have recently added to or reduced their stakes in the company. Boston Partners bought a new stake in shares of Beazer Homes USA in the 1st quarter worth approximately $15,411,000. Donald Smith & CO. Inc. boosted its stake in Beazer Homes USA by 13.8% during the first quarter. Donald Smith & CO. Inc. now owns 2,943,211 shares of the construction company’s stock worth $96,537,000 after buying an additional 356,569 shares in the last quarter. Brightline Capital Management LLC acquired a new stake in Beazer Homes USA during the fourth quarter worth $10,137,000. EMG Holdings L.P. bought a new stake in Beazer Homes USA in the 4th quarter valued at $4,831,000. Finally, Carlson Capital L P raised its stake in shares of Beazer Homes USA by 63.9% in the 1st quarter. Carlson Capital L P now owns 333,600 shares of the construction company’s stock valued at $10,942,000 after buying an additional 130,100 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

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.