Beazer Homes USA, Inc. (BZH) Sets New 12-Month High at $20.70

Beazer Homes USA, Inc. (NYSE:BZH) reached a new 52-week high on Tuesday . The stock traded as high as $20.70 and last traded at $20.69, with a volume of 168,676 shares. The stock had previously closed at $20.16.

Several equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Wedbush cut shares of Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Thursday, August 3rd. J P Morgan Chase & Co upgraded shares of Beazer Homes USA from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $14.50 to $21.00 in a report on Thursday, September 14th. Finally, ValuEngine cut shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $16.50.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Beazer Homes USA by 5.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,687,887 shares of the construction company’s stock worth $23,157,000 after purchasing an additional 93,632 shares in the last quarter. Royce & Associates LP raised its holdings in Beazer Homes USA by 5.8% in the 2nd quarter. Royce & Associates LP now owns 1,484,779 shares of the construction company’s stock worth $20,371,000 after purchasing an additional 81,700 shares in the last quarter. Brandes Investment Partners LP raised its holdings in Beazer Homes USA by 4.0% in the 2nd quarter. Brandes Investment Partners LP now owns 1,364,837 shares of the construction company’s stock worth $18,726,000 after purchasing an additional 51,962 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Beazer Homes USA by 136.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,023,684 shares of the construction company’s stock worth $14,045,000 after purchasing an additional 590,938 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Beazer Homes USA by 3.3% in the 2nd quarter. Northern Trust Corp now owns 835,998 shares of the construction company’s stock worth $11,470,000 after purchasing an additional 26,737 shares in the last quarter. Institutional investors and hedge funds own 81.35% of the company’s stock.

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Beazer Homes USA Company Profile

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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