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

Beazer Homes USA, Inc. (NYSE:BZH) has been given a consensus recommendation of “Hold” by the five brokerages that are presently covering the stock, Marketbeat reports. One equities research 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 twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $31.3333.

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

Beazer Homes USA Stock Down 0.1%

BZH stock opened at $27.01 on Friday. The firm has a market cap of $738.27 million, a PE ratio of -180.09 and a beta of 2.18. 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 firm’s fifty day moving average is $23.67 and its 200 day moving average is $22.96. Beazer Homes USA has a one year low of $17.83 and a one year high of $28.33.

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

Hedge Funds Weigh In On Beazer Homes USA

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its stake in Beazer Homes USA by 93.9% during the fourth 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 period. Osaic Holdings Inc. raised its stake in shares of Beazer Homes USA by 454.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock valued at $47,000 after acquiring an additional 1,724 shares during the period. Comerica Bank purchased a new stake in shares of Beazer Homes USA in the 3rd quarter valued at approximately $48,000. Aquatic Capital Management LLC purchased a new stake in shares of Beazer Homes USA in the 3rd quarter valued at approximately $70,000. Finally, Tower Research Capital LLC TRC raised 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 valued at $78,000 after acquiring an additional 1,933 shares during the period. 85.65% of the stock is owned by hedge funds and other 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.