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

Beazer Homes USA, Inc. (NYSE:BZH) has earned a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $31.3333.

A number of analysts recently weighed in on BZH shares. Zacks Research lowered shares of Beazer Homes USA from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. Weiss Ratings restated a “hold (c)” rating on shares of Beazer Homes USA in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th.

Institutional Trading of Beazer Homes USA

Several institutional investors and hedge funds have recently modified their holdings of BZH. Exchange Traded Concepts LLC grew its holdings in shares of Beazer Homes USA by 16.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 31,872 shares of the construction company’s stock worth $646,000 after purchasing an additional 4,536 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Beazer Homes USA by 0.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 142,287 shares of the construction company’s stock valued at $2,884,000 after purchasing an additional 715 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Beazer Homes USA by 1,385.2% in the 3rd 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 in the last quarter. Penn Capital Management Company LLC raised its position in shares of Beazer Homes USA by 234.2% during the 3rd quarter. Penn Capital Management Company LLC now owns 61,901 shares of the construction company’s stock valued at $1,520,000 after buying an additional 43,380 shares in the last quarter. Finally, Tweedy Browne Co LLC lifted its holdings in shares of Beazer Homes USA by 106.2% during the 3rd quarter. Tweedy Browne Co LLC now owns 27,336 shares of the construction company’s stock worth $671,000 after acquiring an additional 14,082 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Stock Down 1.1%

Shares of NYSE BZH opened at $23.76 on Thursday. The company has a quick ratio of 2.07, a current ratio of 16.21 and a debt-to-equity ratio of 0.82. The company has a market cap of $701.22 million, a P/E ratio of 15.53, a P/E/G ratio of 1.02 and a beta of 2.18. Beazer Homes USA has a 52 week low of $17.37 and a 52 week high of $29.30. The business has a 50-day simple moving average of $21.63 and a two-hundred day simple moving average of $23.28.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, November 13th. The construction company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.27. Beazer Homes USA had a return on equity of 4.46% and a net margin of 1.92%.The firm had revenue of $791.90 million for the quarter, compared to analysts’ expectations of $674.80 million. During the same period in the prior year, the business posted $1.69 earnings per share. The company’s revenue was down 1.8% on a year-over-year basis. Research analysts anticipate that Beazer Homes USA will post 3.48 earnings per share for the current fiscal 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.