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

Beazer Homes USA (NYSE:BZH - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Wedbush in a report issued on Friday, MarketBeat reports. They presently have a $41.00 target price on the construction company's stock, down from their previous target price of $45.00. Wedbush's price objective indicates a potential upside of 93.25% from the stock's previous close.

Separately, Oppenheimer restated 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 issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $37.00.

Beazer Homes USA Trading Down 0.2 %

Shares of BZH traded down $0.03 on Friday, hitting $21.22. 560,211 shares of the stock traded hands, compared to its average volume of 393,056. Beazer Homes USA has a 1 year low of $17.37 and a 1 year high of $38.22. The stock's 50 day moving average is $20.47 and its two-hundred day moving average is $26.07. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $662.00 million, a P/E ratio of 5.40, a P/E/G ratio of 0.35 and a beta of 2.05.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced 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. Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. The firm had revenue of $565.34 million for the quarter, compared to analysts' expectations of $543.60 million. During the same period in the previous year, the company posted $1.26 earnings per share. Beazer Homes USA's revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Beazer Homes USA will post 3.48 earnings per share for the current year.

Hedge Funds Weigh In On Beazer Homes USA

Several hedge funds and other institutional investors have recently made changes to their positions in BZH. Focus Financial Network Inc. acquired a new stake in shares of Beazer Homes USA in the 4th quarter worth approximately $275,000. Ritholtz Wealth Management raised its stake in shares of Beazer Homes USA by 26.4% in the 4th quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company's stock worth $689,000 after buying an additional 5,235 shares in the last quarter. Norges Bank acquired a new position in Beazer Homes USA during the fourth quarter worth about $4,149,000. Proficio Capital Partners LLC bought a new stake in Beazer Homes USA in the fourth quarter worth about $304,000. Finally, JPMorgan Chase & Co. lifted its holdings in Beazer Homes USA by 31.9% in the 4th quarter. JPMorgan Chase & Co. now owns 105,306 shares of the construction company's stock valued at $2,892,000 after acquiring an additional 25,484 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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.