Beazer Homes USA (NYSE:BZH) Sets New 52-Week High – Still a Buy?

Beazer Homes USA, Inc. (NYSE:BZH)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $28.33 and last traded at $27.92, with a volume of 65908 shares traded. The stock had previously closed at $27.71.

Analysts Set New Price Targets

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

Beazer Homes USA Stock Down 0.1%

The firm has a 50-day moving average of $23.23 and a two-hundred day moving average of $23.51. The firm has a market cap of $800.99 million, a price-to-earnings ratio of 90.48, a PEG ratio of 2.25 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 released its earnings results on Thursday, January 29th. The construction company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $363.49 million during the quarter, compared to analyst estimates of $423.23 million. During the same period last year, the business earned $0.10 EPS. The business’s quarterly revenue was down 22.5% compared to the same quarter last year. As a group, sell-side analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Institutional Trading of Beazer Homes USA

A number of hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in Beazer Homes USA by 1.8% in the 1st quarter. Royal Bank of Canada now owns 73,915 shares of the construction company’s stock worth $1,507,000 after purchasing an additional 1,279 shares during the last quarter. AQR Capital Management LLC raised its holdings in 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 acquiring an additional 52,062 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Beazer Homes USA by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock worth $353,000 after acquiring an additional 734 shares during the period. CWM LLC grew its holdings in shares of Beazer Homes USA by 69.2% during the 2nd quarter. CWM LLC now owns 6,771 shares of the construction company’s stock worth $151,000 after purchasing an additional 2,769 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in shares of Beazer Homes USA by 58.3% during the 2nd quarter. AlphaQuest LLC now owns 4,300 shares of the construction company’s stock worth $96,000 after purchasing an additional 1,583 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

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.