Beazer Homes USA, Inc. (NYSE:BZH) shares decreased 4.31% to $20.85. BZH’s stock was downgraded by analysts at Sterne Agee from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on May 21. They currently have a $22.00 price target on the stock. The analysts noted that the move was a valuation call.
Additionally, the company on May 2 posted a significantly narrower second-quarter net loss of $19.64 million, or $0.80 a share, versus a $39.95 million, or $2.54 a share loss last year. Analysts expected loss per share of $0.75 for the quarter. During the quarter, the company clocked $287.9 million of total revenue, up from the prior year’s $191.64 million, and beat consensus estimates of $252.24 million for the quarter.
MGIC Investment Corp.(NYSE:MTG) shares decreased 4.18% to $6.19. The company on May 10 commented on two filings it made earlier with the SEC. The first filing is preliminary proxy material regarding a Special Shareholders Meeting expected to be held on Thursday, June 27, 2013. The purpose of the meeting is to seek approval of an increase in the number of authorized shares of Common Stock. The Company’s recent sale of Common Stock and convertible debt reduced the number of shares of Common Stock available for future issuance.
Additionally, MTG’s stock had its “neutral” rating restated by Zacks in a research report issued to clients and investors on May 6. They currently have a $5.50 price target on the stock.
Weyerhaeuser Company (NYSE:WY) shares declined 3.99% to $30.53. WY)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on May 23.
Additionally, Dan Fulton, president and CEO, will represent Weyerhaeuser at REITWeek 2013: NAREIT’s Investor Forum on Thursday, June 6 in Chicago. Fulton is scheduled to present at 10:15 a.m. Central time. The webcast and presentation can be accessed at http://investor.weyerhaeuser.com/. A replay of the webcast will be available for six months and presentation slides will be posted within 24 hours after the conference.