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

Shares of Beazer Homes USA, Inc. (NYSE:BZH) hit a new 52-week high during trading on Wednesday . The stock traded as high as $28.44 and last traded at $28.1060, with a volume of 230535 shares. The stock had previously closed at $26.55.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.33.

Beazer Homes USA Stock Performance

The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.32 and a current ratio of 15.67. The firm has a 50 day moving average price of $23.86 and a two-hundred day moving average price of $23.01. The company has a market capitalization of $755.13 million, a P/E ratio of -184.20 and a beta of 2.18.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Thursday, April 30th. The construction company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.69. The business had revenue of $409.85 million during 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 revenue was down 27.5% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS. On average, research analysts expect that Beazer Homes USA, Inc. will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Beazer Homes USA

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jennison Associates LLC acquired a new stake in shares of Beazer Homes USA during the 4th quarter worth about $1,039,000. JPMorgan Chase & Co. grew its stake in Beazer Homes USA by 1,385.2% during the third quarter. JPMorgan Chase & Co. now owns 229,705 shares of the construction company’s stock worth $5,639,000 after buying an additional 214,239 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Beazer Homes USA during the third quarter worth approximately $1,204,000. Fox Run Management L.L.C. acquired a new stake in shares of Beazer Homes USA during the third quarter worth approximately $541,000. Finally, First Eagle Investment Management LLC raised its stake in shares of Beazer Homes USA by 3.1% in the third quarter. First Eagle Investment Management LLC now owns 695,937 shares of the construction company’s stock valued at $17,085,000 after acquiring an additional 20,762 shares during the last quarter. 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.