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

Shares of Beazer Homes USA, Inc. (NYSE:BZH) hit a new 52-week low on Monday . The company traded as low as $18.45 and last traded at $18.2240, with a volume of 300770 shares trading hands. The stock had previously closed at $20.63.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wall Street Zen raised Beazer Homes USA from a “strong sell” rating to a “sell” rating in a report on Saturday. Zacks Research raised Beazer Homes USA from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Finally, Weiss Ratings lowered Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, January 30th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.33.

Beazer Homes USA Stock Performance

The stock has a market capitalization of $533.04 million, a price-to-earnings ratio of -120.43, a price-to-earnings-growth ratio of 1.71 and a beta of 2.15. The firm has a fifty day moving average of $21.82 and a 200 day moving average of $22.45. 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 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 firm had revenue of $409.85 million for the quarter, compared to analyst estimates 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 for the quarter was down 27.5% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. On average, sell-side analysts anticipate that Beazer Homes USA, Inc. will post 1.01 earnings per share for the current fiscal year.

Institutional Trading of Beazer Homes USA

Several hedge funds and other institutional investors have recently bought and sold shares of BZH. UBS Group AG grew its holdings in Beazer Homes USA by 189.7% during the fourth quarter. UBS Group AG now owns 537,663 shares of the construction company’s stock worth $10,898,000 after acquiring an additional 352,092 shares during the period. Millennium Management LLC boosted its position in Beazer Homes USA by 928.5% during the third quarter. Millennium Management LLC now owns 376,183 shares of the construction company’s stock worth $9,235,000 after purchasing an additional 339,607 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 214,239 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Beazer Homes USA by 22.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 678,471 shares of the construction company’s stock worth $13,753,000 after purchasing an additional 122,606 shares in the last quarter. Finally, Readystate Asset Management LP boosted its position in Beazer Homes USA by 154.3% during the fourth quarter. Readystate Asset Management LP now owns 157,870 shares of the construction company’s stock worth $3,200,000 after purchasing an additional 95,782 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

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.