Beazer Homes USA (NYSE:BZH) Stock Rating Reaffirmed by Wedbush

Beazer Homes USA (NYSE:BZH)‘s stock had its “neutral” rating reaffirmed by equities researchers at Wedbush in a report released on Thursday, Benzinga reports. They presently have a $33.00 target price on the construction company’s stock. Wedbush’s price objective would indicate a potential upside of 17.23% from the company’s current price.

Separately, StockNews.com upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Friday, March 29th.

Beazer Homes USA Trading Up 0.4 %

Shares of NYSE:BZH opened at $28.15 on Thursday. The stock has a 50 day moving average of $29.83 and a 200 day moving average of $29.49. The company has a market cap of $888.13 million, a PE ratio of 5.57 and a beta of 2.25. The company has a current ratio of 13.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.87. Beazer Homes USA has a 12-month low of $18.50 and a 12-month high of $35.93.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Wednesday, May 1st. The construction company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.35. Beazer Homes USA had a return on equity of 14.09% and a net margin of 7.26%. The company had revenue of $541.50 million during the quarter, compared to the consensus estimate of $569.88 million. During the same period in the previous year, the company posted $1.13 EPS. The firm’s revenue was down .4% on a year-over-year basis. As a group, equities research analysts expect that Beazer Homes USA will post 4.66 EPS for the current year.

Institutional Trading of Beazer Homes USA

Several hedge funds have recently modified their holdings of BZH. USA Financial Formulas raised its holdings in Beazer Homes USA by 4,947.1% during the 4th quarter. USA Financial Formulas now owns 858 shares of the construction company’s stock valued at $29,000 after buying an additional 841 shares during the period. BluePath Capital Management LLC bought a new position in shares of Beazer Homes USA during the 3rd quarter worth $31,000. AJOVista LLC bought a new stake in Beazer Homes USA during the fourth quarter valued at about $37,000. Aigen Investment Management LP bought a new stake in Beazer Homes USA during the fourth quarter valued at about $201,000. Finally, Belpointe Asset Management LLC bought a new stake in Beazer Homes USA during the fourth quarter valued at about $207,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

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.