Beazer Homes USA (NYSE:BZH) Hits New 1-Year High – Should You Buy?

Beazer Homes USA, Inc. (NYSE:BZH)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $27.69 and last traded at $27.2550, with a volume of 34116 shares. The stock had previously closed at $26.73.

Analyst Upgrades and Downgrades

BZH has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 31st. Zacks Research upgraded Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Finally, Weiss Ratings lowered Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, January 30th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.33.

Beazer Homes USA Stock Down 0.1%

The stock has a 50 day moving average price of $22.55 and a 200 day moving average price of $23.31. The company has a market capitalization of $787.62 million, a P/E ratio of 89.12, a PEG ratio of 2.21 and a beta of 2.21. The company has a current ratio of 19.62, a quick ratio of 1.81 and a debt-to-equity ratio of 0.94.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Thursday, January 29th. The construction company reported ($0.90) EPS for the quarter, missing the consensus estimate of ($0.49) by ($0.41). Beazer Homes USA had a return on equity of 2.11% and a net margin of 0.44%.The business had revenue of $363.49 million for the quarter, compared to analyst estimates of $423.23 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The firm’s quarterly revenue was down 22.5% on a year-over-year basis. On average, research analysts anticipate that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Beazer Homes USA

Large investors have recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in Beazer Homes USA by 1.8% in the first quarter. Royal Bank of Canada now owns 73,915 shares of the construction company’s stock valued at $1,507,000 after buying an additional 1,279 shares during the period. AQR Capital Management LLC lifted its stake in shares of Beazer Homes USA by 35.5% in the 1st quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company’s stock valued at $4,055,000 after purchasing an additional 52,062 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Beazer Homes USA by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock valued at $353,000 after purchasing an additional 734 shares in the last quarter. CWM LLC grew its stake in Beazer Homes USA by 69.2% during the second quarter. CWM LLC now owns 6,771 shares of the construction company’s stock worth $151,000 after purchasing an additional 2,769 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its stake in Beazer Homes USA by 3.6% in the second quarter. Atria Wealth Solutions Inc. now owns 56,940 shares of the construction company’s stock valued at $1,274,000 after buying an additional 2,005 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.