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

Shares of Beazer Homes USA, Inc. (NYSE:BZH) have received a consensus rating of “Hold” from the five research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $31.3333.

Several equities research analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, January 30th. Wall Street Zen downgraded shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th.

Institutional Investors Weigh In On Beazer Homes USA

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue bought a new stake in shares of Beazer Homes USA in the 3rd quarter worth about $37,000. Royal Bank of Canada increased 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 during the last quarter. Comerica Bank bought a new stake in shares of Beazer Homes USA in the 3rd quarter worth about $48,000. Osaic Holdings Inc. lifted 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 buying an additional 1,724 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in Beazer Homes USA during the 3rd quarter worth approximately $70,000. Institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Stock Performance

Beazer Homes USA stock opened at $21.64 on Wednesday. Beazer Homes USA has a 12-month low of $17.83 and a 12-month high of $28.33. The company has a market capitalization of $591.37 million, a price-to-earnings ratio of -144.25 and a beta of 2.15. The company has a debt-to-equity ratio of 1.05, a current ratio of 15.67 and a quick ratio of 1.32. The firm’s fifty day moving average price is $21.05 and its 200 day moving average price is $22.30.

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