Beazer Homes USA, Inc. (NYSE:BZH) Stock Rated “Reduce” by Wall Street Brokerages

Beazer Homes USA, Inc. (NYSE:BZH) has received an average rating of “Reduce” from the four research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and three have given a hold recommendation to the company.

A number of research analysts recently commented on BZH shares. Oppenheimer lowered Beazer Homes USA from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. Zacks Research cut Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Weiss Ratings upgraded shares of Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. Finally, Texas Capital downgraded shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th.

Beazer Homes USA Trading Up 0.0%

Beazer Homes USA stock opened at $33.48 on Friday. The business has a 50 day moving average price of $33.32 and a two-hundred day moving average price of $29.11. The company has a quick ratio of 1.28, a current ratio of 14.64 and a debt-to-equity ratio of 1.23. Beazer Homes USA has a 12 month low of $17.83 and a 12 month high of $34.54. The stock has a market cap of $893.38 million, a price-to-earnings ratio of -111.62, a price-to-earnings-growth ratio of 1.64 and a beta of 2.19.

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

Hedge Funds Weigh In On Beazer Homes USA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Beazer Homes USA during the 3rd quarter valued at about $273,000. Pension & Wealth Management Advisors Inc. bought a new stake in Beazer Homes USA in the third quarter valued at about $70,000. Fortitude Family Office LLC bought a new stake in Beazer Homes USA in the third quarter valued at about $68,000. GAMMA Investing LLC raised its position in Beazer Homes USA by 37.8% in the third quarter. GAMMA Investing LLC now owns 1,360 shares of the construction company’s stock worth $45,000 after purchasing an additional 373 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Beazer Homes USA by 130.4% in the third quarter. Farther Finance Advisors LLC now owns 4,156 shares of the construction company’s stock worth $139,000 after purchasing an additional 2,352 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

About Beazer Homes USA

Beazer Homes USA, Inc is a residential homebuilder headquartered in Atlanta, Georgia. The company designs, constructs and sells single-family homes for first-time, move-up and active-adult buyers, offering homes in a range of sizes, styles and price points. Its communities typically include features such as energy-efficient construction, modern floor plans and opportunities for buyers to personalize finishes and options.

Beazer operates through regional divisions in selected markets across the United States, including areas in the Southeast, Mid-Atlantic, Texas, the Southwest and other high-growth metropolitan regions.