Beazer Homes USA (NYSE:BZH) Hits New 12-Month High – Time to Buy?

Beazer Homes USA, Inc. (NYSE:BZH) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $31.64 and last traded at $31.53, with a volume of 283750 shares trading hands. The stock had previously closed at $27.42.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BZH. Wall Street Zen downgraded Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Beazer Homes USA in a research report on Friday, June 26th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Beazer Homes USA has an average rating of “Hold” and an average target price of $35.50.

Beazer Homes USA Price Performance

The firm has a fifty day simple moving average of $25.04 and a 200 day simple moving average of $23.41. The company has a market capitalization of $857.89 million, a PE ratio of -209.43 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.

Beazer Homes USA (NYSE:BZH) last announced 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 firm had revenue of $409.85 million for 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 business’s revenue for the quarter was down 27.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 earnings per share. Equities analysts anticipate that Beazer Homes USA, Inc. will post -0.41 EPS for the current year.

Institutional Investors Weigh In On Beazer Homes USA

Large investors have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in shares of 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 valued at $38,000 after purchasing an additional 912 shares in the last quarter. Comerica Bank purchased a new position in Beazer Homes USA during the third quarter valued at approximately $48,000. Osaic Holdings Inc. raised its stake in Beazer Homes USA by 454.9% in the second 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 in the last quarter. Aquatic Capital Management LLC bought a new position in Beazer Homes USA in the third quarter worth approximately $70,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Beazer Homes USA by 123.4% during the second 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 period. Institutional investors own 85.65% of the company’s stock.

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.