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

Key Points

• Wedbush has reaffirmed Beazer Homes USA's stock rating as "outperform" with a price target of $41.00, indicating a potential upside of 91.12% from its previous close.
• Beazer Homes USA reported Q2 earnings of $0.26 per share, which missed expectations by $0.16, and noted an 8.4% revenue decline year-over-year.
• Insider activity includes a significant purchase by Director John J. Kelley III, who bought 10,000 shares, raising his ownership by 169%.

Wedbush restated their outperform rating on shares of Beazer Homes USA (NYSE:BZH - Free Report) in a research report released on Friday morning,RTT News reports. The brokerage currently has a $41.00 target price on the construction company's stock. Wedbush also issued estimates for Beazer Homes USA's Q4 2026 earnings at $0.99 EPS, Q1 2027 earnings at $29.00 EPS, Q2 2027 earnings at $0.50 EPS and Q3 2027 earnings at $0.83 EPS.

A number of other equities research analysts also recently weighed in on the company. B. Riley started coverage on Beazer Homes USA in a research report on Monday, June 30th. They set a "neutral" rating and a $23.00 target price for the company. Oppenheimer restated an "outperform" rating and issued a $33.00 price target (down from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Beazer Homes USA presently has an average rating of "Hold" and an average target price of $31.33.

Beazer Homes USA Stock Up 4.2%

Shares of BZH traded up $0.93 during midday trading on Friday, reaching $23.16. 112,185 shares of the stock were exchanged, compared to its average volume of 407,679. The firm has a 50 day simple moving average of $22.74 and a 200-day simple moving average of $22.21. The company has a quick ratio of 0.91, a current ratio of 13.33 and a debt-to-equity ratio of 0.94. Beazer Homes USA has a 12-month low of $17.37 and a 12-month high of $38.22. The company has a market cap of $701.94 million, a price-to-earnings ratio of 10.52, a P/E/G ratio of 0.60 and a beta of 2.09.

Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.16). Beazer Homes USA had a net margin of 2.84% and a return on equity of 6.16%. The firm had revenue of $545.37 million during the quarter, compared to analyst estimates of $565.47 million. During the same quarter in the previous year, the business posted $0.88 earnings per share. The business's quarterly revenue was down 8.4% compared to the same quarter last year. Research analysts forecast that Beazer Homes USA will post 3.48 EPS for the current year.

Insider Buying and Selling

In related news, Director John J. Kelley III acquired 10,000 shares of the firm's stock in a transaction on Friday, May 9th. The stock was purchased at an average cost of $21.50 per share, with a total value of $215,000.00. Following the acquisition, the director owned 15,917 shares of the company's stock, valued at approximately $342,215.50. This trade represents a 169.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.52% of the company's stock.

Hedge Funds Weigh In On Beazer Homes USA

A number of large investors have recently made changes to their positions in the stock. Sterling Capital Management LLC raised its position in shares of Beazer Homes USA by 776.2% in the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company's stock worth $25,000 after buying an additional 815 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Beazer Homes USA during the fourth quarter valued at about $34,000. US Bancorp DE grew its stake in shares of Beazer Homes USA by 48.1% in the first quarter. US Bancorp DE now owns 2,523 shares of the construction company's stock worth $51,000 after purchasing an additional 819 shares during the last quarter. Quarry LP bought a new stake in shares of Beazer Homes USA in the fourth quarter worth about $69,000. Finally, CWM LLC grew its stake 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 purchasing an additional 2,391 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Beazer Homes USA Company Profile

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.