Beazer Homes USA, Inc. (NYSE:BZH)’s share price reached a new 52-week high on Monday . The company traded as high as $15.90 and last traded at $15.93, with a volume of 208,921 shares traded. The stock had previously closed at $15.45.
A number of equities analysts have weighed in on the stock. Wedbush raised shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $12.31 to $15.00 in a research note on Thursday, June 15th. Zelman & Associates raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. Zacks Investment Research raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, July 4th. Credit Suisse Group started coverage on shares of Beazer Homes USA in a report on Thursday, June 22nd. They set a “neutral” rating and a $13.00 price target for the company. Finally, BidaskClub raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $14.13.
The company’s market capitalization is $498.43 million. The company has a 50 day moving average of $14.34 and a 200-day moving average of $13.17.
Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. Beazer Homes USA had a positive return on equity of 3.01% and a negative net margin of 0.14%. The firm had revenue of $478.59 million for the quarter, compared to analyst estimates of $470.98 million. During the same period in the prior year, the company earned $0.18 EPS. The company’s revenue was up 4.1% on a year-over-year basis. On average, equities analysts anticipate that Beazer Homes USA, Inc. will post $0.86 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in Beazer Homes USA by 136.6% in the second quarter. JPMorgan Chase & Co. now owns 1,023,684 shares of the construction company’s stock worth $14,045,000 after buying an additional 590,938 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Beazer Homes USA by 19.4% in the first quarter. Vanguard Group Inc. now owns 1,594,255 shares of the construction company’s stock worth $19,339,000 after buying an additional 258,694 shares during the last quarter. PDT Partners LLC acquired a new stake in Beazer Homes USA during the second quarter worth approximately $2,992,000. Renaissance Technologies LLC raised its stake in Beazer Homes USA by 105.6% in the first quarter. Renaissance Technologies LLC now owns 378,560 shares of the construction company’s stock worth $4,592,000 after buying an additional 194,400 shares during the last quarter. Finally, Piermont Capital Management Inc. acquired a new stake in Beazer Homes USA during the second quarter worth approximately $1,789,000. Institutional investors own 81.54% of the company’s stock.
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About Beazer Homes USA
Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.
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