Beazer Homes USA (NYSE:BZH) Downgraded by Wall Street Zen to Strong Sell

Wall Street Zen downgraded shares of Beazer Homes USA (NYSE:BZH) from a sell rating to a strong sell rating in a research report sent to investors on Sunday.

Other analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, January 30th. Zacks Research upgraded shares of Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.33.

Beazer Homes USA Stock Down 0.3%

BZH stock opened at $18.72 on Friday. The company has a current ratio of 15.67, a quick ratio of 1.32 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $511.64 million, a PE ratio of -124.81, a PEG ratio of 6.80 and a beta of 2.15. Beazer Homes USA has a 1-year low of $17.83 and a 1-year high of $28.33. The business’s 50 day simple moving average is $21.34 and its 200 day simple moving average is $22.36.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.69. Beazer Homes USA had a positive return on equity of 0.99% and a negative net margin of 0.18%.The business had revenue of $409.85 million during the quarter, compared to the consensus estimate of $448.79 million. During the same quarter last year, the firm posted $0.42 EPS. The company’s quarterly revenue was down 27.5% on a year-over-year basis. As a group, research analysts anticipate that Beazer Homes USA will post 0.23 EPS for the current year.

Institutional Investors Weigh In On Beazer Homes USA

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings 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 valued at $5,639,000 after acquiring an additional 214,239 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Beazer Homes USA during the 4th quarter worth $1,039,000. Register Financial Advisors LLC increased its position in shares of Beazer Homes USA by 54.7% in the third quarter. Register Financial Advisors LLC now owns 152,152 shares of the construction company’s stock worth $3,735,000 after purchasing an additional 53,771 shares during the period. Teacher Retirement System of Texas increased its position in shares of Beazer Homes USA by 93.4% in the third quarter. Teacher Retirement System of Texas now owns 133,861 shares of the construction company’s stock worth $3,286,000 after purchasing an additional 64,652 shares during the period. Finally, Wesbanco Bank Inc. acquired a new position in Beazer Homes USA in the third quarter valued at about $1,043,000. 85.65% of the stock is currently owned by institutional investors.

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.