Beazer Homes USA (NYSE:BZH) Rating Increased to Hold at StockNews.com

Beazer Homes USA (NYSE:BZHGet Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Wedbush reaffirmed a “neutral” rating and set a $33.00 target price on shares of Beazer Homes USA in a research note on Thursday, May 2nd.

Read Our Latest Research Report on Beazer Homes USA

Beazer Homes USA Price Performance

Beazer Homes USA stock opened at $28.43 on Friday. The firm has a fifty day moving average of $29.55 and a 200-day moving average of $29.75. The company has a quick ratio of 1.30, a current ratio of 13.50 and a debt-to-equity ratio of 0.88. Beazer Homes USA has a 52-week low of $20.04 and a 52-week high of $35.93. The firm has a market capitalization of $896.97 million, a P/E ratio of 5.49 and a beta of 2.25.

Beazer Homes USA (NYSE:BZHGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.35. The company had revenue of $541.50 million for the quarter, compared to the consensus estimate of $569.88 million. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. Beazer Homes USA’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 EPS. As a group, analysts predict that Beazer Homes USA will post 4.61 EPS for the current year.

Insiders Place Their Bets

In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 15,000 shares of Beazer Homes USA stock in a transaction on Monday, May 6th. The stock was 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 directly owns 195,819 shares of the company’s stock, valued at $5,543,635.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.99% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. increased its stake in Beazer Homes USA by 58.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock valued at $87,403,000 after purchasing an additional 958,814 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Beazer Homes USA during the 4th quarter worth $24,971,000. Vanguard Group Inc. lifted its holdings in Beazer Homes USA by 31.2% during the third quarter. Vanguard Group Inc. now owns 2,194,979 shares of the construction company’s stock worth $54,677,000 after acquiring an additional 521,596 shares in the last quarter. Brightline Capital Management LLC bought a new position in shares of Beazer Homes USA during the 4th quarter valued at about $10,137,000. Finally, Invesco Ltd. increased its stake in Beazer Homes USA by 152.0% during the 3rd quarter. Invesco Ltd. now owns 485,318 shares of the construction company’s stock worth $12,089,000 after purchasing an additional 292,706 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

About Beazer Homes USA

(Get Free Report)

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.

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