Brokerages Set Beazer Homes USA, Inc. (NYSE:BZH) PT at $31.33

Shares of Beazer Homes USA, Inc. (NYSE:BZH) have earned a consensus rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $31.3333.

Several brokerages have weighed in on BZH. Wall Street Zen raised Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Zacks Research lowered shares of Beazer Homes USA from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Beazer Homes USA in a report on Monday, December 29th.

Hedge Funds Weigh In On Beazer Homes USA

Several hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in shares of Beazer Homes USA during the 3rd quarter worth about $37,000. Osaic Holdings Inc. grew its holdings 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 valued at $47,000 after purchasing an additional 1,724 shares during the period. Comerica Bank bought a new stake in Beazer Homes USA in the third quarter valued at approximately $48,000. Aquatic Capital Management LLC acquired a new stake in Beazer Homes USA in the third quarter worth $70,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Beazer Homes USA by 123.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock worth $78,000 after purchasing an additional 1,933 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Price Performance

BZH opened at $23.80 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 16.21 and a quick ratio of 2.07. The stock has a market capitalization of $702.37 million, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 1.01 and a beta of 2.18. The company’s 50 day simple moving average is $21.76 and its 200-day simple moving average is $23.29. Beazer Homes USA has a one year low of $17.37 and a one year high of $29.30.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Thursday, November 13th. The construction company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.27. The firm had revenue of $791.90 million for the quarter, compared to analyst estimates of $674.80 million. Beazer Homes USA had a return on equity of 4.46% and a net margin of 1.92%.The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $1.69 EPS. Sell-side analysts anticipate that Beazer Homes USA will post 3.48 earnings per share for the current fiscal year.

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.