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

Shares of Beazer Homes USA, Inc. (NYSE:BZH) have received a consensus rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $31.3333.

Several analysts have commented on the stock. Wedbush restated an “outperform” rating and issued a $41.00 price objective on shares of Beazer Homes USA in a report on Friday, August 1st. Zacks Research raised Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research note on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Beazer Homes USA in a report on Saturday, September 27th. Oppenheimer reissued an “outperform” rating and set a $30.00 price objective (down from $33.00) on shares of Beazer Homes USA in a research note on Monday, August 4th. Finally, B. Riley started coverage on shares of Beazer Homes USA in a research report on Monday, June 30th. They set a “neutral” rating and a $23.00 target price for the company.

Institutional Investors Weigh In On Beazer Homes USA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its stake in Beazer Homes USA by 454.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock valued at $47,000 after acquiring an additional 1,724 shares in the last quarter. US Bancorp DE boosted its stake in Beazer Homes USA by 48.1% during the first quarter. US Bancorp DE now owns 2,523 shares of the construction company’s stock worth $51,000 after buying an additional 819 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Beazer Homes USA by 123.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock valued at $78,000 after buying an additional 1,933 shares in the last quarter. CWM LLC increased its stake in shares of Beazer Homes USA by 148.4% in the 1st quarter. CWM LLC now owns 4,002 shares of the construction company’s stock worth $82,000 after acquiring an additional 2,391 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of Beazer Homes USA in the 2nd quarter worth $89,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Stock Down 2.9%

Shares of NYSE:BZH opened at $24.29 on Tuesday. The stock’s 50-day moving average is $24.82 and its 200 day moving average is $22.61. The company has a market cap of $721.99 million, a PE ratio of 11.04, a P/E/G ratio of 0.66 and a beta of 2.17. The company has a debt-to-equity ratio of 0.94, a current ratio of 13.33 and a quick ratio of 0.91. Beazer Homes USA has a 1 year low of $17.37 and a 1 year high of $38.22.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, July 31st. The construction company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16). Beazer Homes USA had a net margin of 2.84% and a return on equity of 6.16%. The company had revenue of $545.37 million for the quarter, compared to the consensus estimate of $565.47 million. During the same period in the previous year, the firm posted $0.88 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. Sell-side analysts anticipate that Beazer Homes USA will post 3.48 EPS for the current year.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.