Beazer Homes USA (NYSE:BZH) Rating Lowered to Hold at Texas Capital

Beazer Homes USA (NYSE:BZH) was downgraded by investment analysts at Texas Capital from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. Oppenheimer downgraded Beazer Homes USA from an “outperform” rating to a “market perform” rating in a research note on Friday. Wall Street Zen downgraded Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings upgraded Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 10th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Beazer Homes USA has a consensus rating of “Reduce”.

Beazer Homes USA Trading Down 0.1%

BZH opened at $33.16 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 15.67 and a quick ratio of 1.32. Beazer Homes USA has a fifty-two week low of $17.83 and a fifty-two week high of $34.54. The firm has a market capitalization of $906.26 million, a PE ratio of -110.53 and a beta of 2.17. The company’s 50-day moving average is $29.86 and its 200 day moving average is $25.30.

Hedge Funds Weigh In On Beazer Homes USA

A number of hedge funds and other institutional investors have recently modified their holdings of BZH. Royal Bank of Canada grew its holdings in shares of Beazer Homes USA by 1.8% in the first quarter. Royal Bank of Canada now owns 73,915 shares of the construction company’s stock valued at $1,507,000 after acquiring an additional 1,279 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Beazer Homes USA by 35.5% during the first quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company’s stock worth $4,055,000 after acquiring an additional 52,062 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Beazer Homes USA by 4.4% during the first 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. Rhumbline Advisers lifted its holdings in Beazer Homes USA by 1.4% during the second quarter. Rhumbline Advisers now owns 46,206 shares of the construction company’s stock worth $1,034,000 after acquiring an additional 642 shares during the period. Finally, American Century Companies Inc. boosted its position in Beazer Homes USA by 5.0% in the second quarter. American Century Companies Inc. now owns 77,553 shares of the construction company’s stock worth $1,735,000 after purchasing an additional 3,673 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

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.