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

Shares of Beazer Homes USA, Inc. (NYSE:BZH) hit a new 52-week high during trading on Thursday . The stock traded as high as $27.69 and last traded at $27.2550, with a volume of 34116 shares traded. The stock had previously closed at $26.73.

Wall Street Analyst Weigh In

A number of research firms have commented on BZH. Weiss Ratings cut shares of Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, January 30th. Wall Street Zen downgraded Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 31st. Finally, Zacks Research raised Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.33.

Beazer Homes USA Stock Performance

The firm has a market cap of $787.62 million, a PE ratio of 89.12, a PEG ratio of 2.21 and a beta of 2.21. The company has a quick ratio of 1.81, a current ratio of 19.62 and a debt-to-equity ratio of 0.94. The company has a 50-day simple moving average of $22.55 and a two-hundred day simple moving average of $23.31.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, January 29th. The construction company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.41). The business had revenue of $363.49 million for the quarter, compared to the consensus estimate of $423.23 million. Beazer Homes USA had a return on equity of 2.11% and a net margin of 0.44%.The company’s revenue for the quarter was down 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. As a group, equities research analysts forecast that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BZH. Royal Bank of Canada increased its stake in shares of Beazer Homes USA by 1.8% during the 1st quarter. Royal Bank of Canada now owns 73,915 shares of the construction company’s stock worth $1,507,000 after purchasing an additional 1,279 shares during the last quarter. AQR Capital Management LLC grew its holdings in Beazer Homes USA by 35.5% during the first quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company’s stock valued at $4,055,000 after purchasing an additional 52,062 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Beazer Homes USA by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock worth $353,000 after buying an additional 734 shares during the last quarter. CWM LLC raised its stake in shares of Beazer Homes USA by 69.2% in the second quarter. CWM LLC now owns 6,771 shares of the construction company’s stock valued at $151,000 after buying an additional 2,769 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its position in shares of Beazer Homes USA by 3.6% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 56,940 shares of the construction company’s stock valued at $1,274,000 after buying an additional 2,005 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

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.