Beazer Homes USA (NYSE:BZH) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of Beazer Homes USA (NYSE:BZH) from a strong-buy rating to a hold rating in a research report released on Thursday,Zacks reports.

BZH has been the subject of several other reports. Weiss Ratings raised Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. Oppenheimer lowered shares of Beazer Homes USA from an “outperform” rating to a “market perform” rating in a research report on Friday, August 7th. Finally, Texas Capital cut shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Beazer Homes USA Price Performance

NYSE BZH opened at $33.41 on Thursday. The stock has a 50-day simple moving average of $33.22 and a 200 day simple moving average of $27.67. Beazer Homes USA has a twelve month low of $17.83 and a twelve month high of $34.54. The stock has a market capitalization of $891.25 million, a PE ratio of -111.35, a P/E/G ratio of 1.64 and a beta of 2.19. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.28 and a current ratio of 14.64.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Friday, August 7th. The construction company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.18. The firm had revenue of $516.31 million for the quarter, compared to analyst estimates of $510.55 million. Beazer Homes USA had a positive return on equity of 0.18% and a negative net margin of 0.37%.The company’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Research analysts anticipate that Beazer Homes USA will post -0.67 EPS for the current year.

Hedge Funds Weigh In On Beazer Homes USA

Large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new stake in shares of Beazer Homes USA during the second quarter valued at approximately $141,000. Governors Lane LP acquired a new position in shares of Beazer Homes USA in the second quarter valued at $6,097,000. Arizona State Retirement System bought a new position in Beazer Homes USA in the second quarter worth $206,000. HB Wealth Management LLC lifted its position in Beazer Homes USA by 1.4% in the second quarter. HB Wealth Management LLC now owns 59,448 shares of the construction company’s stock worth $1,668,000 after purchasing an additional 833 shares during the period. Finally, NINE MASTS CAPITAL Ltd acquired a new stake in Beazer Homes USA during the second quarter worth $604,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a residential construction company that designs, builds, markets and sells single-family homes. Its communities generally offer newly constructed homes in a range of floor plans, sizes and price points, with features and options intended to meet the needs of first-time, move-up and other homebuyers.

The company also acquires and develops residential land and provides related services that support the homebuying process. Through affiliated operations, Beazer may offer mortgage origination and other closing-related services to eligible customers.