Zelman & Associates Reiterates “Underperform” Rating for Beazer Homes USA (NYSE:BZH)

Beazer Homes USA (NYSE:BZH)‘s stock had its “underperform” rating reissued by equities researchers at Zelman & Associates in a research note issued to investors on Tuesday, Benzinga reports.

Several other equities analysts have also issued reports on the stock. StockNews.com lowered shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Monday, August 5th. B. Riley dropped their target price on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Oppenheimer began coverage on shares of Beazer Homes USA in a report on Friday, May 31st. They issued an “outperform” rating and a $37.00 target price on the stock. Finally, Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $41.00 to $45.00 in a report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $39.67.

Beazer Homes USA Trading Up 0.4 %

Shares of Beazer Homes USA stock traded up $0.12 during trading on Tuesday, hitting $34.01. The company’s stock had a trading volume of 19,078 shares, compared to its average volume of 368,259. The company has a debt-to-equity ratio of 0.91, a current ratio of 12.42 and a quick ratio of 0.92. Beazer Homes USA has a 52 week low of $22.03 and a 52 week high of $34.89. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 6.56, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17. The stock has a 50-day moving average price of $30.66 and a two-hundred day moving average price of $29.48.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Thursday, August 1st. The construction company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.04. Beazer Homes USA had a net margin of 6.63% and a return on equity of 12.61%. The company had revenue of $595.68 million for the quarter, compared to analysts’ expectations of $597.67 million. During the same quarter in the previous year, the firm posted $1.24 earnings per share. Beazer Homes USA’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Beazer Homes USA will post 4.2 EPS for the current fiscal year.

Insider Activity

In other news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $31.17, for a total transaction of $414,561.00. Following the transaction, the executive vice president now owns 150,819 shares in the company, valued at $4,701,028.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Keith L. Belknap, Jr. sold 13,462 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $30.73, for a total transaction of $413,687.26. Following the completion of the sale, the executive vice president now directly owns 164,119 shares of the company’s stock, valued at $5,043,376.87. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Keith L. Belknap, Jr. sold 13,300 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $31.17, for a total transaction of $414,561.00. Following the sale, the executive vice president now directly owns 150,819 shares of the company’s stock, valued at $4,701,028.23. The disclosure for this sale can be found here. Company insiders own 6.99% of the company’s stock.

Institutional Investors Weigh In On Beazer Homes USA

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new stake in shares of Beazer Homes USA during the second quarter worth about $379,000. Algert Global LLC increased its position in shares of Beazer Homes USA by 30.8% during the second quarter. Algert Global LLC now owns 64,726 shares of the construction company’s stock worth $1,779,000 after acquiring an additional 15,256 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Beazer Homes USA by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 15,184 shares of the construction company’s stock worth $417,000 after acquiring an additional 581 shares in the last quarter. Marshall Wace LLP increased its position in shares of Beazer Homes USA by 91.9% during the second quarter. Marshall Wace LLP now owns 57,769 shares of the construction company’s stock worth $1,587,000 after acquiring an additional 27,666 shares in the last quarter. Finally, EMG Holdings L.P. grew its position in Beazer Homes USA by 12.9% in the 2nd quarter. EMG Holdings L.P. now owns 247,349 shares of the construction company’s stock worth $6,797,000 after purchasing an additional 28,208 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

About Beazer Homes USA

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.