Beazer Homes USA, Inc. (NYSE:BZH) Receives Consensus Recommendation of “Hold” from Brokerages

Beazer Homes USA, Inc. (NYSE:BZH) has been assigned an average recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $31.3333.

BZH has been the topic of several research reports. Weiss Ratings lowered shares of Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, January 30th. Wall Street Zen lowered shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th.

Beazer Homes USA Trading Down 1.2%

NYSE:BZH opened at $21.64 on Wednesday. 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 business’s 50 day moving average is $21.05 and its two-hundred day moving average is $22.30. Beazer Homes USA has a 52 week low of $17.83 and a 52 week high of $28.33. The company has a market cap of $591.37 million, a PE ratio of -144.25 and a beta of 2.15.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, April 30th. The construction company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.69. Beazer Homes USA had a positive return on equity of 0.99% and a negative net margin of 0.18%.The company had revenue of $409.85 million for the quarter, compared to the consensus estimate of $448.79 million. During the same quarter last year, the business posted $0.42 EPS. Beazer Homes USA’s quarterly revenue was down 27.5% compared to the same quarter last year. On average, analysts predict that Beazer Homes USA will post -0.41 EPS for the current year.

Institutional Investors Weigh In On Beazer Homes USA

Several institutional investors and hedge funds have recently bought and sold shares of BZH. State of Alaska Department of Revenue acquired a new stake in Beazer Homes USA during the third quarter worth about $37,000. Royal Bank of Canada raised its stake in 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 worth $38,000 after acquiring an additional 912 shares during the period. Osaic Holdings Inc. raised its stake in Beazer Homes USA by 454.9% during the second quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock worth $47,000 after acquiring an additional 1,724 shares during the period. Comerica Bank acquired a new stake in Beazer Homes USA during the third quarter worth about $48,000. Finally, Aquatic Capital Management LLC acquired a new stake in Beazer Homes USA during the third quarter worth about $70,000. Institutional investors and hedge funds 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.