Shares of Beazer Homes USA, Inc. (NYSE:BZH) reached a new 52-week low during trading on Thursday after Credit Suisse Group lowered their price target on the stock from $16.00 to $13.00. Credit Suisse Group currently has a hold rating on the stock. Beazer Homes USA traded as low as $10.52 and last traded at $10.65, with a volume of 25851 shares. The stock had previously closed at $10.77.

BZH has been the topic of several other reports. ValuEngine upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Wedbush reduced their price objective on Beazer Homes USA from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. downgraded Beazer Homes USA from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $18.00 to $13.00 in a research report on Friday, September 21st. Finally, Zacks Investment Research upgraded Beazer Homes USA from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a research report on Wednesday, September 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.25.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BZH. Donald Smith & CO. Inc. lifted its position in Beazer Homes USA by 19.0% during the second quarter. Donald Smith & CO. Inc. now owns 2,139,068 shares of the construction company’s stock worth $31,551,000 after buying an additional 342,001 shares during the period. Prudential Financial Inc. increased its stake in Beazer Homes USA by 157.4% during the first quarter. Prudential Financial Inc. now owns 523,049 shares of the construction company’s stock worth $8,343,000 after acquiring an additional 319,827 shares during the last quarter. Brandes Investment Partners LP increased its stake in Beazer Homes USA by 50.9% during the second quarter. Brandes Investment Partners LP now owns 598,792 shares of the construction company’s stock worth $8,832,000 after acquiring an additional 201,875 shares during the last quarter. Royce & Associates LP increased its stake in Beazer Homes USA by 18.4% during the second quarter. Royce & Associates LP now owns 987,477 shares of the construction company’s stock worth $14,565,000 after acquiring an additional 153,500 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Beazer Homes USA by 4.3% during the second quarter. BlackRock Inc. now owns 3,106,146 shares of the construction company’s stock worth $45,815,000 after acquiring an additional 127,639 shares during the last quarter. Hedge funds and other institutional investors own 85.87% of the company’s stock.

The company has a market capitalization of $373.11 million, a P/E ratio of 7.06 and a beta of 2.47. The company has a debt-to-equity ratio of 2.28, a current ratio of 13.59 and a quick ratio of 1.23.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, July 26th. The construction company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The company had revenue of $511.52 million during the quarter, compared to analyst estimates of $512.33 million. Beazer Homes USA had a positive return on equity of 10.99% and a negative net margin of 3.59%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. research analysts forecast that Beazer Homes USA, Inc. will post 1.75 EPS for the current fiscal year.

About Beazer Homes USA (NYSE:BZH)

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes brand name. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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