Beazer Homes USA, Inc. (BZH) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Beazer Homes USA, Inc. (NYSE:BZH) have earned an average recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $14.33.

Several brokerages recently commented on BZH. Zacks Investment Research lowered shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 8th. ValuEngine downgraded shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 7th. Wedbush reissued an “outperform” rating and set a $17.00 price objective on shares of Beazer Homes USA in a research report on Friday, May 3rd. Finally, TheStreet raised shares of Beazer Homes USA from a “d+” rating to a “c-” rating in a research report on Monday, April 22nd.

A number of institutional investors have recently modified their holdings of BZH. MetLife Investment Advisors LLC grew its position in Beazer Homes USA by 61.8% during the 3rd quarter. MetLife Investment Advisors LLC now owns 22,160 shares of the construction company’s stock worth $233,000 after purchasing an additional 8,460 shares during the last quarter. Teachers Advisors LLC grew its position in Beazer Homes USA by 59.4% during the 3rd quarter. Teachers Advisors LLC now owns 93,485 shares of the construction company’s stock worth $982,000 after purchasing an additional 34,838 shares during the last quarter. Vanguard Group Inc. grew its position in Beazer Homes USA by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,486,066 shares of the construction company’s stock worth $15,605,000 after purchasing an additional 37,861 shares during the last quarter. Vanguard Group Inc grew its position in Beazer Homes USA by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 1,486,066 shares of the construction company’s stock worth $15,605,000 after purchasing an additional 37,861 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in Beazer Homes USA during the 4th quarter worth $105,000. 83.68% of the stock is currently owned by institutional investors.

Shares of NYSE:BZH opened at $9.62 on Thursday. Beazer Homes USA has a 12 month low of $8.16 and a 12 month high of $16.08. The company has a current ratio of 13.97, a quick ratio of 0.93 and a debt-to-equity ratio of 2.46. The firm has a market cap of $323.64 million, a P/E ratio of 4.83 and a beta of 2.53.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.15. Beazer Homes USA had a negative net margin of 0.93% and a positive return on equity of 10.34%. The firm had revenue of $421.30 million for the quarter, compared to analyst estimates of $402.98 million. During the same period last year, the business earned $0.36 EPS. Beazer Homes USA’s revenue for the quarter was down 7.4% compared to the same quarter last year. Equities analysts expect that Beazer Homes USA will post 1.42 EPS for the current fiscal year.

About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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