Oppenheimer Reiterates "Outperform" Rating for Beazer Homes USA (NYSE:BZH)

Beazer Homes USA (NYSE:BZH - Get Free Report)'s stock had its "outperform" rating reissued by investment analysts at Oppenheimer in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $33.00 target price on the construction company's stock, down from their previous target price of $37.00. Oppenheimer's price objective indicates a potential upside of 54.86% from the stock's current price.

Separately, Wedbush restated an "outperform" rating and set a $45.00 price target on shares of Beazer Homes USA in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $37.00.

Beazer Homes USA Trading Up 9.1 %

Shares of NYSE:BZH traded up $1.78 during midday trading on Tuesday, reaching $21.31. 933,984 shares of the company's stock were exchanged, compared to its average volume of 392,384. The stock has a market cap of $664.94 million, a price-to-earnings ratio of 5.42, a P/E/G ratio of 0.35 and a beta of 2.05. Beazer Homes USA has a fifty-two week low of $17.37 and a fifty-two week high of $38.22. The firm's 50 day simple moving average is $20.47 and its two-hundred day simple moving average is $26.12. The company has a debt-to-equity ratio of 0.87, a current ratio of 15.52 and a quick ratio of 1.25.

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 business had revenue of $565.34 million during the quarter, compared to analysts' expectations of $543.60 million. During the same period last year, the business earned $1.26 earnings per share. The business's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts forecast that Beazer Homes USA will post 3.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Beazer Homes USA

A number of hedge funds have recently added to or reduced their stakes in BZH. Sterling Capital Management LLC increased its position in shares of Beazer Homes USA by 776.2% during the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company's stock worth $25,000 after acquiring an additional 815 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Beazer Homes USA during the 4th quarter worth $34,000. Quarry LP acquired a new position in Beazer Homes USA during the 4th quarter worth $69,000. CWM LLC increased its holdings in Beazer Homes USA by 148.4% during the 1st quarter. CWM LLC now owns 4,002 shares of the construction company's stock worth $82,000 after purchasing an additional 2,391 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in Beazer Homes USA during the 1st quarter worth about $99,000. 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.