A number of other equities analysts have also recently issued reports on BZH. Zacks Investment Research upgraded shares of Beazer Homes USA from a strong sell rating to a hold rating in a research report on Tuesday, January 15th. TheStreet upgraded shares of Beazer Homes USA from a d+ rating to a c- rating in a research report on Monday, April 22nd. Finally, Wedbush restated an outperform rating and issued a $17.00 price objective on shares of Beazer Homes USA in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $14.25.
Beazer Homes USA stock traded down $0.07 during mid-day trading on Tuesday, hitting $9.08. The company’s stock had a trading volume of 544,000 shares, compared to its average volume of 472,467. The company has a quick ratio of 0.93, a current ratio of 13.97 and a debt-to-equity ratio of 2.46. The company has a market capitalization of $290.60 million, a PE ratio of 4.56 and a beta of 2.53. Beazer Homes USA has a 12 month low of $8.16 and a 12 month high of $16.08.
In related news, insider Allan P. Merrill purchased 5,192 shares of Beazer Homes USA stock in a transaction that occurred on Wednesday, May 22nd. The shares were bought at an average price of $9.63 per share, for a total transaction of $49,998.96. Following the completion of the transaction, the insider now directly owns 537,127 shares of the company’s stock, valued at $5,172,533.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.30% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in BZH. FMR LLC purchased a new position in shares of Beazer Homes USA during the first quarter valued at about $10,786,000. Towle & Co. grew its holdings in Beazer Homes USA by 30.3% in the fourth quarter. Towle & Co. now owns 2,426,370 shares of the construction company’s stock worth $23,002,000 after purchasing an additional 564,520 shares during the period. Deutsche Bank AG grew its holdings in Beazer Homes USA by 218.3% in the fourth quarter. Deutsche Bank AG now owns 548,037 shares of the construction company’s stock worth $5,194,000 after purchasing an additional 375,866 shares during the period. Donald Smith & CO. Inc. grew its holdings in Beazer Homes USA by 12.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,374,475 shares of the construction company’s stock worth $31,990,000 after purchasing an additional 373,441 shares during the period. Finally, Brandes Investment Partners LP grew its holdings in Beazer Homes USA by 35.3% in the fourth quarter. Brandes Investment Partners LP now owns 999,019 shares of the construction company’s stock worth $9,471,000 after purchasing an additional 260,877 shares during the period. Institutional investors own 81.60% of the company’s stock.
Beazer Homes USA Company Profile
Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.
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