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 stock traded as high as $31.64 and last traded at $31.53, with a volume of 283750 shares traded. The stock had previously closed at $27.42.

Analyst Upgrades and Downgrades

BZH has been the topic of a number of recent research reports. Wall Street Zen downgraded Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Beazer Homes USA in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Beazer Homes USA presently has an average rating of “Hold” and an average price target of $35.50.

Beazer Homes USA Price Performance

The firm has a market cap of $857.89 million, a PE ratio of -209.43 and a beta of 2.18. The company has a quick ratio of 1.32, a current ratio of 15.67 and a debt-to-equity ratio of 1.05. The stock has a 50 day moving average price of $25.04 and a two-hundred day moving average price of $23.41.

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

Hedge Funds Weigh In On Beazer Homes USA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BZH. Dimensional Fund Advisors LP lifted its position in Beazer Homes USA by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company’s stock worth $19,236,000 after acquiring an additional 51,284 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Beazer Homes USA by 0.8% in the fourth quarter. First Eagle Investment Management LLC now owns 701,437 shares of the construction company’s stock valued at $14,218,000 after purchasing an additional 5,500 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Beazer Homes USA by 22.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 678,471 shares of the construction company’s stock worth $13,753,000 after purchasing an additional 122,606 shares during the last quarter. UBS Group AG raised its stake in shares of Beazer Homes USA by 189.7% in the fourth quarter. UBS Group AG now owns 537,663 shares of the construction company’s stock worth $10,898,000 after purchasing an additional 352,092 shares during the last quarter. Finally, Winslow Asset Management Inc. lifted its holdings in shares of Beazer Homes USA by 1.0% during the fourth quarter. Winslow Asset Management Inc. now owns 493,583 shares of the construction company’s stock worth $10,005,000 after purchasing an additional 4,678 shares during the period. Hedge funds and other 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.