Beazer Homes USA’s (BZH) Outperform Rating Reaffirmed at Wedbush

Wedbush reaffirmed their outperform rating on shares of Beazer Homes USA (NYSE:BZH) in a research report released on Monday,RTT News reports. The firm currently has a $45.00 target price on the construction company’s stock.

Separately, Zelman & Associates restated an “underperform” rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.67.

Beazer Homes USA Stock Performance

Shares of Beazer Homes USA stock opened at $28.32 on Monday. The company has a market capitalization of $879.34 million, a PE ratio of 6.25, a P/E/G ratio of 0.36 and a beta of 2.19. The company has a 50-day simple moving average of $32.23 and a two-hundred day simple moving average of $31.09. Beazer Homes USA has a one year low of $25.48 and a one year high of $38.22. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.87 and a current ratio of 14.29.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Wednesday, November 13th. The construction company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.35 by $0.34. The firm had revenue of $806.20 million during the quarter, compared to analyst estimates of $775.42 million. Beazer Homes USA had a return on equity of 11.95% and a net margin of 6.02%. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.80 EPS. Research analysts expect that Beazer Homes USA will post 4.44 EPS for the current fiscal year.

Insider Activity

In other news, CFO David I. Goldberg sold 6,057 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the sale, the chief financial officer now directly owns 131,004 shares of the company’s stock, valued at $4,199,988.24. This represents a 4.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.99% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Innealta Capital LLC acquired a new stake in Beazer Homes USA during the 2nd quarter worth about $88,000. Point72 Asset Management L.P. purchased a new stake in shares of Beazer Homes USA in the third quarter worth about $125,000. Systematic Financial Management LP acquired a new stake in Beazer Homes USA during the third quarter worth about $182,000. Metis Global Partners LLC purchased a new position in Beazer Homes USA during the third quarter valued at approximately $201,000. Finally, Quadrature Capital Ltd acquired a new position in Beazer Homes USA in the third quarter valued at approximately $262,000. Hedge funds and other institutional investors 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.