Beazer Homes USA (NYSE:BZH) Earns Outperform Rating from Oppenheimer

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.

Oppenheimer reaffirmed their outperform rating on shares of Beazer Homes USA (NYSE:BZH - Free Report) in a report released on Monday morning, MarketBeat reports. Oppenheimer currently has a $30.00 price target on the construction company's stock, down from their prior price target of $33.00.

Other analysts also recently issued reports about the company. Wedbush reiterated an "outperform" rating and issued a $41.00 price target on shares of Beazer Homes USA in a report on Friday, August 1st. B. Riley initiated coverage on Beazer Homes USA in a research report on Monday, June 30th. They issued a "neutral" rating and a $23.00 target price for the company.

Beazer Homes USA Trading Down 1.5%

BZH traded down $0.35 on Monday, reaching $23.27. 307,680 shares of the company's stock were exchanged, compared to its average volume of 408,951. Beazer Homes USA has a twelve month low of $17.37 and a twelve month high of $38.22. The company's 50 day moving average is $22.89 and its 200-day moving average is $22.19. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.91 and a current ratio of 13.33. The company has a market cap of $691.58 million, a price-to-earnings ratio of 10.58, a PEG ratio of 0.74 and a beta of 2.09.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $565.47 million. During the same quarter in the prior year, the firm earned $0.88 earnings per share. Beazer Homes USA's quarterly revenue was down 8.4% compared to the same quarter last year. Equities analysts predict that Beazer Homes USA will post 3.48 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in Beazer Homes USA by 8.1% during the 4th quarter. American Century Companies Inc. now owns 70,734 shares of the construction company's stock valued at $1,942,000 after purchasing an additional 5,284 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Beazer Homes USA in the 4th quarter valued at about $148,000. Vanguard Group Inc. grew its stake in shares of Beazer Homes USA by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,828,558 shares of the construction company's stock valued at $50,212,000 after acquiring an additional 22,033 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Beazer Homes USA by 31.9% during the fourth quarter. JPMorgan Chase & Co. now owns 105,306 shares of the construction company's stock valued at $2,892,000 after acquiring an additional 25,484 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Beazer Homes USA during the fourth quarter worth about $4,149,000. 85.65% of the stock is currently 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.