Beazer Homes USA (NYSE:BZH) Sets New 52-Week High – Still a Buy?

Beazer Homes USA, Inc. (NYSE:BZH) reached a new 52-week high during trading on Tuesday . The stock traded as high as $34.00 and last traded at $33.73, with a volume of 4278 shares changing hands. The stock had previously closed at $33.05.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BZH. Weiss Ratings upgraded shares of Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 10th. Wall Street Zen cut shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Beazer Homes USA currently has a consensus rating of “Hold” and a consensus target price of $35.50.

Beazer Homes USA Trading Down 2.5%

The firm’s 50 day moving average is $28.54 and its 200 day moving average is $24.77. The company has a debt-to-equity ratio of 1.05, a current ratio of 15.67 and a quick ratio of 1.32. The company has a market cap of $889.65 million, a PE ratio of -217.01 and a beta of 2.18.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. lifted its stake in Beazer Homes USA by 7.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 8,808 shares of the construction company’s stock worth $179,000 after purchasing an additional 606 shares during the last quarter. Rhumbline Advisers increased its position in shares of Beazer Homes USA by 1.4% during the 2nd 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. State of Wyoming raised its holdings in shares of Beazer Homes USA by 18.5% during the 4th quarter. State of Wyoming now owns 4,523 shares of the construction company’s stock valued at $92,000 after buying an additional 706 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Beazer Homes USA by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock valued at $353,000 after buying an additional 734 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Beazer Homes USA by 93.9% in the 4th quarter. Royal Bank of Canada now owns 1,883 shares of the construction company’s stock worth $38,000 after buying an additional 912 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

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.