Beazer Homes USA (NYSE:BZH) Earns "Outperform" Rating from Wedbush

Beazer Homes USA (NYSE:BZH - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Wedbush in a research report issued on Friday, MarketBeat reports. They presently have a $41.00 price target on the construction company's stock, down from their prior price target of $45.00. Wedbush's price objective would suggest a potential upside of 95.88% from the stock's previous close.

Separately, Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price objective (down from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Beazer Homes USA has an average rating of "Hold" and a consensus target price of $37.00.

Beazer Homes USA Stock Up 1.2 %

Shares of Beazer Homes USA stock traded up $0.25 during trading hours on Friday, reaching $20.93. The company's stock had a trading volume of 121,926 shares, compared to its average volume of 392,036. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52. Beazer Homes USA has a one year low of $17.37 and a one year high of $38.22. The company has a market capitalization of $634.27 million, a P/E ratio of 5.33, a P/E/G ratio of 0.35 and a beta of 2.20. The stock's fifty day simple moving average is $20.39 and its two-hundred day simple moving average is $25.95.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.16. The company had revenue of $565.34 million for the quarter, compared to analyst estimates of $543.60 million. Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. The firm's revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. On average, research analysts forecast that Beazer Homes USA will post 3.48 earnings per share for the current year.

Hedge Funds Weigh In On Beazer Homes USA

Hedge funds have recently made changes to their positions in the business. Mill Road Capital Management LLC increased its position in shares of Beazer Homes USA by 81.0% during the fourth quarter. Mill Road Capital Management LLC now owns 666,058 shares of the construction company's stock valued at $18,290,000 after buying an additional 297,989 shares during the period. Norges Bank bought a new position in shares of Beazer Homes USA during the fourth quarter valued at approximately $4,149,000. Algert Global LLC lifted its holdings in shares of Beazer Homes USA by 582.0% during the fourth quarter. Algert Global LLC now owns 160,008 shares of the construction company's stock valued at $4,394,000 after purchasing an additional 136,548 shares during the last quarter. Readystate Asset Management LP bought a new position in Beazer Homes USA during the 1st quarter valued at approximately $2,210,000. Finally, Denali Advisors LLC increased its holdings in shares of Beazer Homes USA by 198.5% during the first quarter. Denali Advisors LLC now owns 147,777 shares of the construction company's stock valued at $3,013,000 after acquiring an additional 98,277 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other 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.