Beazer Homes USA (NYSE:BZH) Rating Increased to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Beazer Homes USA from “hold” to “strong buy,” although the broader analyst consensus remains “Hold,” with ratings ranging from strong buy to sell.
• Beazer Homes shares opened at $33.19, near their 52-week high of $34.54, and have risen above both their 50-day and 200-day moving averages.
• Institutional ownership is substantial at 85.65%, with major investors including Donald Smith & Co., UBS, Millennium Management, JPMorgan Chase and Charles Schwab increasing or initiating positions.

Beazer Homes USA (NYSE:BZH - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages also recently weighed in on BZH. Wall Street Zen downgraded shares of Beazer Homes USA from a "sell" rating to a "strong sell" rating in a research note on Sunday, May 10th. Texas Capital cut Beazer Homes USA from a "strong-buy" rating to a "hold" rating in a research report on Monday. Oppenheimer cut Beazer Homes USA from an "outperform" rating to a "market perform" rating in a research report on Friday, August 7th. Finally, Weiss Ratings lowered Beazer Homes USA from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold".

Beazer Homes USA Trading Up 0.1%

Shares of NYSE BZH opened at $33.19 on Tuesday. Beazer Homes USA has a 1 year low of $17.83 and a 1 year high of $34.54. The stock has a market cap of $885.51 million, a P/E ratio of -110.63 and a beta of 2.17. The firm has a 50-day moving average of $30.13 and a 200 day moving average of $25.43. The company has a debt-to-equity ratio of 1.05, a current ratio of 15.67 and a quick ratio of 1.32.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BZH. Donald Smith & CO. Inc. bought a new position in shares of Beazer Homes USA during the second quarter valued at $78,938,000. UBS Group AG increased its holdings in Beazer Homes USA by 189.7% in the 4th quarter. UBS Group AG now owns 537,663 shares of the construction company's stock worth $10,898,000 after buying an additional 352,092 shares in the last quarter. Millennium Management LLC increased its holdings in Beazer Homes USA by 928.5% in the 3rd quarter. Millennium Management LLC now owns 376,183 shares of the construction company's stock worth $9,235,000 after buying an additional 339,607 shares in the last quarter. JPMorgan Chase & Co. raised its position in Beazer Homes USA by 1,385.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 229,705 shares of the construction company's stock worth $5,639,000 after buying an additional 214,239 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Beazer Homes USA by 22.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 678,471 shares of the construction company's stock worth $13,753,000 after buying an additional 122,606 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.

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