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

Shares of Beazer Homes USA, Inc. (NYSE:BZH) have earned a consensus recommendation of “Hold” from the four ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a strong buy recommendation to the company.

BZH has been the subject of a number of research analyst reports. Texas Capital cut Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Oppenheimer cut Beazer Homes USA from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. Weiss Ratings upgraded Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 26th. Finally, Zacks Research raised Beazer Homes USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th.

Beazer Homes USA Price Performance

Shares of NYSE BZH opened at $33.27 on Friday. Beazer Homes USA has a 1 year low of $17.83 and a 1 year high of $34.54. The stock has a market capitalization of $887.67 million, a P/E ratio of -110.90 and a beta of 2.17. The company’s 50-day moving average is $32.75 and its 200 day moving average is $26.65. The company has a debt-to-equity ratio of 1.23, a current ratio of 14.64 and a quick ratio of 1.28.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Friday, August 7th. The construction company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.18. Beazer Homes USA had a negative net margin of 0.37% and a positive return on equity of 0.18%. The business had revenue of $516.31 million during the quarter, compared to analyst estimates of $510.55 million. During the same period last year, the business posted $0.26 earnings per share. Beazer Homes USA’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, sell-side analysts expect that Beazer Homes USA will post -0.21 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its stake in Beazer Homes USA by 1.4% during the second quarter. Rhumbline Advisers now owns 46,206 shares of the construction company’s stock worth $1,034,000 after acquiring an additional 642 shares in the last quarter. State of Wyoming increased its stake in shares of Beazer Homes USA by 18.5% during the fourth quarter. State of Wyoming now owns 4,523 shares of the construction company’s stock valued at $92,000 after purchasing an additional 706 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Beazer Homes USA by 4.4% during the first 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 during the last quarter. HB Wealth Management LLC lifted its holdings in shares of Beazer Homes USA by 1.4% during the second quarter. HB Wealth Management LLC now owns 59,448 shares of the construction company’s stock valued at $1,668,000 after purchasing an additional 833 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Beazer Homes USA by 93.9% in the 4th quarter. Royal Bank of Canada now owns 1,883 shares of the construction company’s stock worth $38,000 after purchasing an additional 912 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

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.