Beazer Homes USA, Inc. (NYSE:BZH)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $12.16 and last traded at $12.19, with a volume of 4071 shares traded. The stock had previously closed at $12.46.

Several research firms have recently issued reports on BZH. ValuEngine upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Zacks Investment Research lowered Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Beazer Homes USA has a consensus rating of “Buy” and a consensus target price of $18.50.

The stock has a market capitalization of $439.45 million, a PE ratio of 8.09 and a beta of 2.47. The company has a debt-to-equity ratio of 2.28, a current ratio of 13.59 and a quick ratio of 1.23.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Thursday, July 26th. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Beazer Homes USA had a positive return on equity of 10.99% and a negative net margin of 3.59%. The company had revenue of $511.52 million during the quarter, compared to analyst estimates of $512.33 million. During the same period in the previous year, the company earned $0.22 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. equities research analysts forecast that Beazer Homes USA, Inc. will post 1.75 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of BZH. Metropolitan Life Insurance Co. NY grew its position in shares of Beazer Homes USA by 405.4% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 10,547 shares of the construction company’s stock valued at $156,000 after purchasing an additional 8,460 shares during the period. Paloma Partners Management Co acquired a new position in shares of Beazer Homes USA in the 2nd quarter valued at approximately $265,000. NJ State Employees Deferred Compensation Plan acquired a new position in shares of Beazer Homes USA in the 2nd quarter valued at approximately $295,000. A.R.T. Advisors LLC acquired a new position in shares of Beazer Homes USA in the 1st quarter valued at approximately $400,000. Finally, Cubist Systematic Strategies LLC grew its position in shares of Beazer Homes USA by 197.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 25,326 shares of the construction company’s stock valued at $404,000 after purchasing an additional 16,800 shares during the period. Institutional investors and hedge funds own 85.90% of the company’s stock.

Beazer Homes USA Company Profile (NYSE:BZH)

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes brand name. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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