Beazer Homes USA (NYSE:BZH) Upgraded to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Beazer Homes USA (NYSE:BZHGet Rating) from a hold rating to a strong-buy rating in a research note published on Wednesday, Zacks.com reports. The brokerage currently has $18.00 target price on the construction company’s stock.

According to Zacks, “Beazer Homes USA, Inc. designs, builds and sells single family homes. The company designs homes to appeal primarily to entry-level and first move-up home buyers. Their objective is to provide customers with homes that incorporate quality and value. The company’s subsidiary, Beazer Mortgage, originates the mortgages for the company’s home buyers. “

BZH has been the topic of several other research reports. TheStreet cut Beazer Homes USA from a b- rating to a c rating in a research report on Tuesday, February 1st. StockNews.com initiated coverage on Beazer Homes USA in a report on Thursday, March 31st. They set a hold rating on the stock. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Beazer Homes USA has a consensus rating of Buy and a consensus target price of $21.67.

NYSE:BZH opened at $16.47 on Wednesday. Beazer Homes USA has a 12-month low of $13.78 and a 12-month high of $26.12. The company has a current ratio of 12.96, a quick ratio of 1.57 and a debt-to-equity ratio of 1.31. The stock’s 50 day simple moving average is $15.79 and its 200-day simple moving average is $18.46. The firm has a market cap of $518.15 million, a P/E ratio of 3.06 and a beta of 1.92.

Beazer Homes USA (NYSE:BZHGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The construction company reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.40. The company had revenue of $508.50 million during the quarter, compared to the consensus estimate of $489.00 million. Beazer Homes USA had a net margin of 7.77% and a return on equity of 22.47%. Beazer Homes USA’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 EPS. Research analysts forecast that Beazer Homes USA will post 6.05 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Signaturefd LLC increased its stake in shares of Beazer Homes USA by 685.5% during the 4th quarter. Signaturefd LLC now owns 1,139 shares of the construction company’s stock worth $26,000 after purchasing an additional 994 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Beazer Homes USA by 58.3% during the third quarter. Captrust Financial Advisors now owns 1,630 shares of the construction company’s stock valued at $28,000 after acquiring an additional 600 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Beazer Homes USA in the 4th quarter valued at about $29,000. Dorsey Wright & Associates purchased a new stake in shares of Beazer Homes USA during the first quarter worth about $36,000. Finally, Byrne Asset Management LLC purchased a new position in shares of Beazer Homes USA during the 4th quarter worth $49,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.

About Beazer Homes USA (Get Rating)

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 sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Maryland, Indiana, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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