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

Beazer Homes USA (NYSE:BZH - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities research analysts at Oppenheimer in a report released on Tuesday,Benzinga reports. They presently have a $33.00 price objective on the construction company's stock, down from their prior price objective of $37.00. Oppenheimer's price objective would suggest a potential upside of 60.82% from the company's current price.

Separately, Wedbush reiterated an "outperform" rating and issued 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, Beazer Homes USA has a consensus rating of "Hold" and a consensus target price of $37.00.

Beazer Homes USA Price Performance

BZH traded up $0.99 on Tuesday, reaching $20.52. The company had a trading volume of 363,401 shares, compared to its average volume of 393,675. The company has a market capitalization of $640.29 million, a P/E ratio of 5.26, a PEG ratio of 0.35 and a beta of 2.05. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The company has a fifty day moving average of $20.52 and a 200-day moving average of $26.25. Beazer Homes USA has a one year low of $17.37 and a one year high of $38.22.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.16. Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. The firm had revenue of $565.34 million during the quarter, compared to the consensus estimate of $543.60 million. During the same period in the prior year, the firm posted $1.26 earnings per share. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Beazer Homes USA will post 3.48 earnings per share for the current year.

Institutional Investors Weigh In On Beazer Homes USA

Hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC raised its holdings in Beazer Homes USA by 776.2% during the 4th quarter. Sterling Capital Management LLC now owns 920 shares of the construction company's stock worth $25,000 after buying an additional 815 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Beazer Homes USA during the 4th quarter worth approximately $34,000. Quarry LP purchased a new stake in shares of Beazer Homes USA in the fourth quarter valued at $69,000. CWM LLC boosted its position in shares of Beazer Homes USA by 148.4% in the first quarter. CWM LLC now owns 4,002 shares of the construction company's stock worth $82,000 after buying an additional 2,391 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Beazer Homes USA during the first quarter valued at $99,000. 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.