Beazer Homes USA (NYSE:BZH) Now Covered by B. Riley

B. Riley began coverage on shares of Beazer Homes USA (NYSE:BZHGet Rating) in a research note published on Tuesday, MarketBeat.com reports. The firm issued a buy rating and a $23.00 price target on the construction company’s stock. B. Riley also issued estimates for Beazer Homes USA’s Q3 2022 earnings at $1.47 EPS, Q4 2022 earnings at $1.93 EPS, FY2022 earnings at $6.00 EPS and FY2023 earnings at $6.00 EPS.

A number of other research firms have also recently commented on BZH. Zacks Investment Research upgraded Beazer Homes USA from a hold rating to a strong-buy rating and set a $18.00 price target for the company in a report on Wednesday, May 4th. StockNews.com initiated coverage on shares of Beazer Homes USA in a research report on Thursday, March 31st. They set a hold rating for the company. Finally, TheStreet downgraded shares of Beazer Homes USA from a b- rating to a c rating in a research report on Tuesday, February 1st. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Buy and an average price target of $22.00.

Shares of NYSE BZH opened at $15.92 on Tuesday. The stock has a market capitalization of $500.81 million, a price-to-earnings ratio of 2.96 and a beta of 1.92. The business has a 50-day moving average of $15.57 and a 200-day moving average of $18.29. The company has a debt-to-equity ratio of 1.31, a current ratio of 12.96 and a quick ratio of 1.57. Beazer Homes USA has a fifty-two week low of $13.78 and a fifty-two week high of $24.37.

Beazer Homes USA (NYSE:BZHGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The construction company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.40. The company had revenue of $508.50 million during the quarter, compared to analysts’ expectations of $489.00 million. Beazer Homes USA had a return on equity of 22.47% and a net margin of 7.77%. Beazer Homes USA’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 EPS. On average, sell-side analysts expect that Beazer Homes USA will post 6.03 EPS for the current year.

Beazer Homes USA announced that its board has authorized a share repurchase plan on Wednesday, May 11th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to purchase up to 10% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its position in shares of Beazer Homes USA by 2.0% in the third quarter. Voya Investment Management LLC now owns 27,722 shares of the construction company’s stock valued at $478,000 after buying an additional 538 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Beazer Homes USA by 58.3% in the third quarter. Captrust Financial Advisors now owns 1,630 shares of the construction company’s stock valued at $28,000 after buying an additional 600 shares in the last quarter. Signaturefd LLC raised its position in shares of Beazer Homes USA by 685.5% in the fourth quarter. Signaturefd LLC now owns 1,139 shares of the construction company’s stock valued at $26,000 after buying an additional 994 shares in the last quarter. Bailard Inc. raised its position in shares of Beazer Homes USA by 6.9% in the fourth quarter. Bailard Inc. now owns 15,500 shares of the construction company’s stock valued at $360,000 after buying an additional 1,000 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Beazer Homes USA in the fourth quarter valued at approximately $29,000. Institutional investors own 76.71% of the company’s stock.

Beazer Homes USA Company Profile (Get Rating)

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 sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Maryland, Indiana, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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