Stocks of Beazer Homes USA Inc. (NYSE:BZH) traded higher last session on Wall Street, down -3.86% to $13.69.
According to the data, Beazer Homes USA Inc. (NYSE:BZH) has 3 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $23.00 and a low of $18.00, we find $20.00. Given the previous closing price of $14.24, this indicates a potential upside of 40.45 percent. BZH stock price is now -7.27% away from the 50-day moving average and 1.25% away from the 200-day moving average. The market capitalization of the company currently stands at $456.01M.
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A total of 1 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $20.33 as their price target over the next twelve months.
With the price target of $23, B. Riley Securities recently initiated with Buy rating for Beazer Homes USA Inc. (NYSE: BZH). On August 19, 2021, Janney recently initiated its ‘Buy’ rating on the stock quoting a target price of $23, while ‘Sidoti’ rates the stock as ‘Buy’.
Insiders disposed of 150,103 shares of company stock worth roughly $2.05 million over the past 1 year. A total of 5.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BZH stock. A new stake in Beazer Homes USA Inc. shares was purchased by NORGES BANK during the first quarter worth $3,648,000. SONA ASSET MANAGEMENT (US) LLC invested $1,745,000 in shares of BZH during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in Beazer Homes USA Inc. valued at approximately $1,387,000. BANK OF MONTREAL /CAN/ acquired a new stake in BZH for approximately $1,370,000. SQUAREPOINT OPS LLC purchased a new stake in BZH valued at around $761,000 in the second quarter. In total, there are 208 active investors with 79.90% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $14.01 for Beazer Homes USA Inc. (NYSE: BZH). During the past 12 months, Beazer Homes USA Inc. has had a low of $9.47 and a high of $17.64. The fifty day moving average price for BZH is $14.76 and a two-hundred day moving average price translates $13.52 for the stock.
The latest earnings results from Beazer Homes USA Inc. (NYSE: BZH) was released for Dec, 2022. According to the Residential Construction Company, earnings per share came in at $0.83, beating analysts’ expectations of $0.74 by 0.09. This compares to $1.14 EPS in the same period last year. The net profit margin was 9.10% and return on equity was 23.60% for BZH. The company reported revenue of $444.93 million for the quarter, compared to $454.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.03 percent. For the current quarter, analysts expect BZH to generate $519.92M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/15/2012. Investors who held shares on 10/12/2012 were paid a $0.4635 dividend.
Beazer Homes USA Inc.(BZH) 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 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. Beazer Homes USA, Inc. was founded in 1985 and is headquartered in Atlanta, Georgia.
