Beazer Homes USA, Inc. (NYSE:BZH) Given Average Recommendation of “Hold” by Brokerages

Beazer Homes USA, Inc. (NYSE:BZH) has been assigned an average rating of “Hold” from the five analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $31.3333.

Several analysts have recently commented on the stock. Wall Street Zen cut shares of Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 31st. Weiss Ratings cut shares of Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, January 30th. Finally, Zacks Research raised Beazer Homes USA from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th.

Beazer Homes USA Stock Down 1.3%

Shares of NYSE:BZH opened at $18.80 on Tuesday. Beazer Homes USA has a 12 month low of $17.37 and a 12 month high of $28.33. The company’s 50-day moving average price is $23.46 and its two-hundred day moving average price is $22.92. The company has a quick ratio of 1.81, a current ratio of 19.62 and a debt-to-equity ratio of 0.94. The firm has a market cap of $554.64 million, a P/E ratio of 62.65, a P/E/G ratio of 1.58 and a beta of 2.17.

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

Hedge Funds Weigh In On Beazer Homes USA

Several large investors have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in Beazer Homes USA in the third quarter worth about $37,000. Royal Bank of Canada lifted its position in Beazer Homes USA by 93.9% during the 4th quarter. Royal Bank of Canada now owns 1,883 shares of the construction company’s stock valued at $38,000 after purchasing an additional 912 shares during the period. Osaic Holdings Inc. lifted its position in Beazer Homes USA by 454.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock valued at $47,000 after purchasing an additional 1,724 shares during the period. Comerica Bank bought a new position in shares of Beazer Homes USA in the 3rd quarter valued at about $48,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Beazer Homes USA in the 3rd quarter valued at about $70,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

About Beazer Homes USA

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.