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

Beazer Homes USA, Inc. (NYSE:BZH) has been given a consensus rating of “Hold” by the five brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $31.3333.

Separately, Wall Street Zen downgraded Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th.

Hedge Funds Weigh In On Beazer Homes USA

Several institutional investors have recently bought and sold shares of BZH. Royal Bank of Canada lifted its stake in Beazer Homes USA by 1.8% in the first quarter. Royal Bank of Canada now owns 73,915 shares of the construction company’s stock valued at $1,507,000 after purchasing an additional 1,279 shares during the last quarter. AQR Capital Management LLC lifted its stake in Beazer Homes USA by 35.5% in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 valued at $353,000 after purchasing an additional 734 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 purchasing an additional 642 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Beazer Homes USA by 5.0% in the second quarter. American Century Companies Inc. now owns 77,553 shares of the construction company’s stock valued at $1,735,000 after purchasing an additional 3,673 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Price Performance

Shares of NYSE BZH opened at $27.37 on Friday. Beazer Homes USA has a twelve month low of $17.83 and a twelve month high of $28.33. The stock’s 50 day moving average price is $23.00 and its 200-day moving average price is $22.81. The company has a market capitalization of $748.13 million, a PE ratio of -182.49 and a beta of 2.18. The company has a quick ratio of 1.32, a current ratio of 15.67 and a debt-to-equity ratio of 1.05.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.69. Beazer Homes USA had a positive return on equity of 0.99% and a negative net margin of 0.18%.The firm had revenue of $409.85 million for the quarter, compared to the consensus estimate of $448.79 million. During the same quarter in the previous year, the business earned $0.42 EPS. The company’s revenue was down 27.5% compared to the same quarter last year. On average, equities analysts anticipate that Beazer Homes USA will post -0.41 EPS for the current year.

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.