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

Shares of Beazer Homes USA, Inc. (NYSE:BZH) have been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $31.3333.

Separately, Wall Street Zen cut shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th.

Hedge Funds Weigh In On Beazer Homes USA

Several institutional investors and hedge funds have recently modified their holdings of BZH. Harbor Capital Advisors Inc. raised its holdings in shares of Beazer Homes USA by 7.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 8,808 shares of the construction company’s stock worth $179,000 after acquiring an additional 606 shares in the last quarter. Rhumbline Advisers boosted its position in Beazer Homes USA by 1.4% during the second quarter. Rhumbline Advisers now owns 46,206 shares of the construction company’s stock valued at $1,034,000 after purchasing an additional 642 shares during the last quarter. State of Wyoming grew its stake in Beazer Homes USA by 18.5% in the fourth quarter. State of Wyoming now owns 4,523 shares of the construction company’s stock valued at $92,000 after purchasing an additional 706 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Beazer Homes USA by 0.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 142,287 shares of the construction company’s stock worth $2,884,000 after purchasing an additional 715 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Beazer Homes USA by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock worth $353,000 after purchasing an additional 734 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Beazer Homes USA Price Performance

BZH opened at $27.01 on Friday. The firm has a market capitalization of $738.27 million, a P/E ratio of -180.09 and a beta of 2.18. The stock has a fifty day moving average of $23.55 and a 200-day moving average of $22.93. 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 has a 12-month low of $17.83 and a 12-month high of $28.33.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.03) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $409.85 million for the quarter, compared to analyst estimates of $448.79 million. During the same period in the previous year, the firm earned $0.42 earnings per share. Beazer Homes USA’s quarterly revenue was down 27.5% on a year-over-year basis. Equities analysts forecast that Beazer Homes USA will post -0.41 EPS for the current fiscal year.

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.