Beazer Homes USA (NYSE:BZH) Stock Rating Lowered by Zacks Research

Beazer Homes USA (NYSE:BZH) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

Other research analysts also recently issued research reports about the company. Weiss Ratings raised Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. Texas Capital cut shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Oppenheimer downgraded shares of Beazer Homes USA from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Beazer Homes USA Stock Performance

NYSE BZH opened at $33.41 on Thursday. The business has a 50 day moving average price of $33.22 and a 200 day moving average price of $27.67. The company has a market capitalization of $891.25 million, a P/E ratio of -111.35, a PEG ratio of 1.64 and a beta of 2.19. Beazer Homes USA has a 1-year low of $17.83 and a 1-year high of $34.54. The company has a debt-to-equity ratio of 1.23, a current ratio of 14.64 and a quick ratio of 1.28.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Friday, August 7th. The construction company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.18. The company had revenue of $516.31 million for the quarter, compared to the consensus estimate of $510.55 million. Beazer Homes USA had a positive return on equity of 0.18% and a negative net margin of 0.37%.Beazer Homes USA’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. Sell-side analysts expect that Beazer Homes USA will post -0.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Beazer Homes USA

Institutional investors have recently made changes to their positions in the stock. Donald Smith & CO. Inc. purchased a new stake in shares of Beazer Homes USA in the second quarter valued at $78,938,000. Dimensional Fund Advisors LP increased its position in Beazer Homes USA by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company’s stock worth $19,236,000 after purchasing an additional 51,284 shares in the last quarter. Governors Lane LP purchased a new stake in Beazer Homes USA during the 2nd quarter worth about $6,097,000. Empowered Funds LLC raised its stake in Beazer Homes USA by 555.9% in the 1st quarter. Empowered Funds LLC now owns 141,377 shares of the construction company’s stock valued at $2,720,000 after purchasing an additional 119,822 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Beazer Homes USA in the 2nd quarter valued at about $2,364,000. 85.65% of the stock is owned by institutional investors and hedge funds.

About Beazer Homes USA

Beazer Homes USA, Inc is a residential construction company that designs, builds, markets and sells single-family homes. Its communities generally offer newly constructed homes in a range of floor plans, sizes and price points, with features and options intended to meet the needs of first-time, move-up and other homebuyers.

The company also acquires and develops residential land and provides related services that support the homebuying process. Through affiliated operations, Beazer may offer mortgage origination and other closing-related services to eligible customers.