Beazer Homes USA (NYSE:BZH) Downgraded to Hold Rating by Texas Capital

Texas Capital downgraded shares of Beazer Homes USA (NYSE:BZH) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

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

Beazer Homes USA Stock Performance

BZH opened at $33.16 on Monday. 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 company has a market cap of $906.26 million, a price-to-earnings ratio of -110.53 and a beta of 2.17. Beazer Homes USA has a 52-week low of $17.83 and a 52-week high of $34.54. The firm’s fifty day simple moving average is $29.86 and its two-hundred day simple moving average is $25.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of Beazer Homes USA by 93.9% in the fourth quarter. Royal Bank of Canada now owns 1,883 shares of the construction company’s stock valued at $38,000 after purchasing an additional 912 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Beazer Homes USA by 454.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock valued at $47,000 after buying an additional 1,724 shares in the last quarter. Comerica Bank acquired a new stake in shares of Beazer Homes USA in the 3rd quarter worth $48,000. Aquatic Capital Management LLC acquired a new stake in shares of Beazer Homes USA in the 3rd quarter worth $70,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Beazer Homes USA by 123.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock worth $78,000 after acquiring an additional 1,933 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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.