Beazer Homes USA, Inc. (NYSE:BZH) Receives Average Rating of “Hold” from Brokerages

Beazer Homes USA, Inc. (NYSE:BZH) has earned an average recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $31.3333.

Separately, Wall Street Zen lowered Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th.

Institutional Trading of Beazer Homes USA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings 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 worth $38,000 after purchasing an additional 912 shares in the last quarter. Osaic Holdings Inc. increased its holdings 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 worth $47,000 after purchasing an additional 1,724 shares in the last quarter. Comerica Bank purchased a new position in shares of Beazer Homes USA in the 3rd quarter worth approximately $48,000. Aquatic Capital Management LLC purchased a new position in shares of Beazer Homes USA in the 3rd quarter worth approximately $70,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Beazer Homes USA by 123.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock worth $78,000 after buying an additional 1,933 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Beazer Homes USA Stock Performance

Shares of BZH opened at $27.37 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.32 and a current ratio of 15.67. The stock has a 50 day moving average price of $23.00 and a two-hundred day moving average price of $22.81. The firm has a market capitalization of $748.13 million, a P/E ratio of -182.49 and a beta of 2.18. Beazer Homes USA has a 52 week low of $17.83 and a 52 week high of $28.33.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.69. The firm had revenue of $409.85 million during the quarter, compared to analyst estimates of $448.79 million. Beazer Homes USA had a positive return on equity of 0.99% and a negative net margin of 0.18%.The company’s revenue for the quarter was down 27.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 EPS. Equities analysts forecast that Beazer Homes USA will post -0.41 earnings per share for the current fiscal year.

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.