Texas Capital Downgrades Beazer Homes USA (NYSE:BZH) to Hold

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

Several other research firms have also recently commented on BZH. Weiss Ratings raised Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. Wall Street Zen cut Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Finally, Oppenheimer downgraded shares of Beazer Homes USA from an “outperform” rating to a “market perform” rating in a research report on Friday. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Beazer Homes USA Trading Down 0.1%

BZH opened at $33.16 on Monday. Beazer Homes USA has a twelve month low of $17.83 and a twelve month high of $34.54. The company has a fifty day moving average of $29.86 and a 200-day moving average of $25.30. The stock has a market cap of $906.26 million, a PE ratio of -110.53 and a beta of 2.17. The company has a quick ratio of 1.32, a current ratio of 15.67 and a debt-to-equity ratio of 1.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in Beazer Homes USA by 1.4% in the second quarter. Rhumbline Advisers now owns 46,206 shares of the construction company’s stock valued at $1,034,000 after acquiring an additional 642 shares during the period. State of Wyoming raised its position in shares of Beazer Homes USA by 18.5% during the fourth quarter. State of Wyoming now owns 4,523 shares of the construction company’s stock worth $92,000 after purchasing an additional 706 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Beazer Homes USA by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock worth $353,000 after purchasing an additional 734 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Beazer Homes USA by 93.9% in the 4th quarter. Royal Bank of Canada now owns 1,883 shares of the construction company’s stock worth $38,000 after purchasing an additional 912 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Beazer Homes USA by 4.5% in the 4th quarter. Deutsche Bank AG now owns 25,097 shares of the construction company’s stock worth $509,000 after purchasing an additional 1,076 shares in the last quarter. 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.