Beazer Homes USA (NYSE:BZH) Reaches New 52-Week High – Time to Buy?

Beazer Homes USA, Inc. (NYSE:BZH) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $32.43 and last traded at $32.3090, with a volume of 90264 shares. The stock had previously closed at $31.49.

Wall Street Analysts Forecast Growth

BZH has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Weiss Ratings upgraded Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.50.

Beazer Homes USA Trading Up 0.7%

The company has a 50 day simple moving average of $26.38 and a 200 day simple moving average of $23.89. 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 stock has a market capitalization of $896.70 million, a PE ratio of -218.73 and a beta of 2.18.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, April 30th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $448.79 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was down 27.5% compared to the same quarter last year. Analysts predict that Beazer Homes USA, Inc. will post -0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Beazer Homes USA

A number of large investors have recently bought and sold shares of the company. California State Teachers Retirement System lifted its stake in shares of Beazer Homes USA by 32.5% in the 1st quarter. California State Teachers Retirement System now owns 30,022 shares of the construction company’s stock worth $578,000 after acquiring an additional 7,359 shares during the period. Empowered Funds LLC lifted its position in Beazer Homes USA by 555.9% in the first 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 period. Quantinno Capital Management LP lifted its position in Beazer Homes USA by 41.6% in the first quarter. Quantinno Capital Management LP now owns 39,170 shares of the construction company’s stock valued at $754,000 after purchasing an additional 11,511 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Beazer Homes USA by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company’s stock valued at $19,236,000 after purchasing an additional 51,284 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Beazer Homes USA by 6.6% in the 1st quarter. Bank of New York Mellon Corp now owns 92,707 shares of the construction company’s stock valued at $1,784,000 after purchasing an additional 5,741 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

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.