Oppenheimer Lowers Beazer Homes USA (NYSE:BZH) Price Target to $30.00

Key Points

• Oppenheimer has lowered its price target for Beazer Homes USA (NYSE:BZH) from $33.00 to $30.00, maintaining an "outperform" rating, suggesting a potential upside of 38.25% from the current stock price.
• Beazer Homes reported a loss of $0.16 per share in its latest quarterly earnings, falling short of analysts' expectations, and its revenue decreased by 8.4% compared to the previous year.
• Institutional investors own approximately 85.65% of Beazer Homes' stock, with several firms increasing their holdings in the company during the second quarter of the fiscal year.

Beazer Homes USA (NYSE:BZH - Get Free Report) had its price target dropped by research analysts at Oppenheimer from $33.00 to $30.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the construction company's stock. Oppenheimer's price target suggests a potential upside of 38.25% from the stock's current price.

Several other brokerages also recently issued reports on BZH. B. Riley assumed coverage on shares of Beazer Homes USA in a research note on Monday, June 30th. They issued a "neutral" rating and a $23.00 target price for the company. Wedbush reiterated an "outperform" rating and issued a $41.00 target price on shares of Beazer Homes USA in a research note on Friday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $31.33.

Beazer Homes USA Trading Down 7.7%

Beazer Homes USA stock opened at $21.70 on Monday. The firm has a 50-day moving average of $22.71 and a 200-day moving average of $22.25. Beazer Homes USA has a one year low of $17.37 and a one year high of $38.22. The company has a debt-to-equity ratio of 0.94, a current ratio of 13.33 and a quick ratio of 0.91. The company has a market cap of $645.14 million, a price-to-earnings ratio of 9.86, 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 quarterly earnings data on Thursday, July 31st. The construction company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.16). Beazer Homes USA had a return on equity of 6.16% and a net margin of 2.84%. The business had revenue of $545.37 million for the quarter, compared to analyst estimates of $565.47 million. During the same quarter in the prior year, the company earned $0.88 earnings per share. The company's quarterly revenue was down 8.4% on a year-over-year basis. On average, equities analysts expect that Beazer Homes USA will post 3.48 earnings per share for the current fiscal year.

Insider Transactions at Beazer Homes USA

In related news, Director John J. Kelley III purchased 10,000 shares of the stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $21.50 per share, with a total value of $215,000.00. Following the acquisition, the director directly owned 15,917 shares in the company, valued at $342,215.50. The trade was a 169.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 6.52% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Peregrine Capital Management LLC raised its holdings in Beazer Homes USA by 19.4% in the 2nd quarter. Peregrine Capital Management LLC now owns 238,903 shares of the construction company's stock valued at $5,344,000 after acquiring an additional 38,832 shares during the period. Teacher Retirement System of Texas bought a new position in Beazer Homes USA in the 2nd quarter valued at about $1,548,000. AlphaQuest LLC raised its holdings in Beazer Homes USA by 58.3% in the 2nd quarter. AlphaQuest LLC now owns 4,300 shares of the construction company's stock valued at $96,000 after acquiring an additional 1,583 shares during the period. Tweedy Browne Co LLC bought a new position in Beazer Homes USA in the 2nd quarter valued at about $296,000. Finally, Atria Wealth Solutions Inc. increased its holdings in shares of Beazer Homes USA by 3.6% during the second quarter. Atria Wealth Solutions Inc. now owns 56,940 shares of the construction company's stock worth $1,274,000 after purchasing an additional 2,005 shares during the period. 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.

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