Beazer Homes USA (NYSE:BZH) Sets New 1-Year High – Time to Buy?

Beazer Homes USA, Inc. (NYSE:BZH) reached a new 52-week high on Wednesday . The company traded as high as $28.33 and last traded at $27.92, with a volume of 65908 shares. The stock had previously closed at $27.71.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen cut Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 31st. 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 research note on Friday, January 30th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Beazer Homes USA has a consensus rating of “Hold” and a consensus target price of $31.33.

Beazer Homes USA Price Performance

The company has a fifty day simple moving average of $22.95 and a 200 day simple moving average of $23.42. The stock has a market capitalization of $822.74 million, a price-to-earnings ratio of 92.84, a P/E/G ratio of 2.29 and a beta of 2.21. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.81 and a current ratio of 19.62.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Thursday, January 29th. The construction company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of ($0.49) by ($0.41). The company had revenue of $363.49 million during the quarter, compared to analyst estimates of $423.23 million. Beazer Homes USA had a net margin of 0.44% and a return on equity of 2.11%. The company’s quarterly revenue was down 22.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. Equities research analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Beazer Homes USA

Institutional investors have recently modified their holdings of the company. Round Hill Asset Management lifted its holdings in Beazer Homes USA by 109.6% in the second quarter. Round Hill Asset Management now owns 135,203 shares of the construction company’s stock valued at $3,024,000 after buying an additional 70,690 shares during the period. Register Financial Advisors LLC grew its holdings in Beazer Homes USA by 54.7% during the 3rd quarter. Register Financial Advisors LLC now owns 152,152 shares of the construction company’s stock worth $3,735,000 after acquiring an additional 53,771 shares during the period. Teacher Retirement System of Texas raised its position in shares of Beazer Homes USA by 93.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 133,861 shares of the construction company’s stock worth $3,286,000 after acquiring an additional 64,652 shares in the last quarter. Wesbanco Bank Inc. acquired a new position in shares of Beazer Homes USA in the 3rd quarter valued at about $1,043,000. Finally, Fund 1 Investments LLC acquired a new position in shares of Beazer Homes USA in the 2nd quarter valued at about $1,946,000. 85.65% of the stock is owned by 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.