Beazer Homes USA (NYSE:BZH) Hits New 12-Month High – Here’s Why

Beazer Homes USA, Inc. (NYSE:BZH) hit a new 52-week high on Tuesday . The company traded as high as $29.80 and last traded at $29.2250, with a volume of 500690 shares trading hands. The stock had previously closed at $29.20.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen lowered Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Beazer Homes USA in a research report on Friday. Two equities 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, the company presently has an average rating of “Hold” and an average price target of $35.50.

Beazer Homes USA Stock Performance

The company has a fifty day moving average of $24.41 and a two-hundred day moving average of $23.18. The stock has a market capitalization of $798.72 million, a P/E ratio of -194.83 and a beta of 2.18. The company has a debt-to-equity ratio of 1.05, a current ratio of 15.67 and a quick ratio of 1.32.

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. The company had revenue of $409.85 million for the quarter, compared to the consensus estimate of $448.79 million. Beazer Homes USA had a positive return on equity of 0.99% and a negative net margin of 0.18%.Beazer Homes USA’s quarterly revenue was down 27.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. On average, equities analysts anticipate that Beazer Homes USA, Inc. will post -0.41 EPS for the current year.

Hedge Funds Weigh In On Beazer Homes USA

Hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. grew its stake in Beazer Homes USA by 7.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 8,808 shares of the construction company’s stock worth $179,000 after buying an additional 606 shares during the last quarter. Rhumbline Advisers lifted its stake in Beazer Homes USA by 1.4% in the second quarter. Rhumbline Advisers now owns 46,206 shares of the construction company’s stock valued at $1,034,000 after buying an additional 642 shares during the last quarter. State of Wyoming lifted 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 buying an additional 706 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Beazer Homes USA by 0.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 142,287 shares of the construction company’s stock valued at $2,884,000 after acquiring an additional 715 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Beazer Homes USA by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock valued at $353,000 after acquiring an additional 734 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

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.