Beazer Homes USA (NYSE:BZH) Hits New 12-Month High – Should You Buy?

Beazer Homes USA, Inc. (NYSE:BZH) reached a new 52-week high during trading on Tuesday . The company traded as high as $32.43 and last traded at $32.3090, with a volume of 90264 shares. The stock had previously closed at $31.49.

Analyst Ratings Changes

Several research firms recently weighed in on BZH. Wall Street Zen lowered shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Weiss Ratings raised shares of Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.50.

Beazer Homes USA Trading Up 3.4%

The firm has a 50 day moving average of $25.81 and a 200 day moving average of $23.71. The firm has a market cap of $889.84 million, a PE ratio of -216.80 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.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, April 30th. The construction company reported ($0.03) earnings per share (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 business had revenue of $409.85 million during the quarter, compared to the consensus estimate of $448.79 million. During the same period last year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was down 27.5% on a year-over-year basis. Equities analysts anticipate that Beazer Homes USA, Inc. will post -0.41 earnings per share for the current year.

Institutional Investors Weigh In On Beazer Homes USA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Beazer Homes USA by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company’s stock valued at $19,236,000 after purchasing an additional 51,284 shares during the last quarter. First Eagle Investment Management LLC raised its position 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 position 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 valued at $13,753,000 after purchasing an additional 122,606 shares during the period. UBS Group AG lifted its stake in shares of Beazer Homes USA by 189.7% during the 4th quarter. UBS Group AG now owns 537,663 shares of the construction company’s stock valued at $10,898,000 after buying an additional 352,092 shares in the last quarter. Finally, Winslow Asset Management Inc. lifted its stake in shares of Beazer Homes USA by 1.0% during the 4th quarter. Winslow Asset Management Inc. now owns 493,583 shares of the construction company’s stock valued at $10,005,000 after buying an additional 4,678 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

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.