Beazer Homes USA, Inc. (NYSE:BZH) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Beazer Homes USA, Inc. (NYSE:BZHGet Rating) have been assigned a consensus recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $23.50.

BZH has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Wednesday, February 2nd. StockNews.com assumed coverage on shares of Beazer Homes USA in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, TheStreet downgraded shares of Beazer Homes USA from a “b-” rating to a “c” rating in a report on Tuesday, February 1st.

Hedge funds have recently made changes to their positions in the stock. Carolina Wealth Advisors LLC acquired a new stake in Beazer Homes USA in the 1st quarter worth about $245,000. Byrne Asset Management LLC raised its stake in Beazer Homes USA by 107.9% in the 1st quarter. Byrne Asset Management LLC now owns 4,374 shares of the construction company’s stock worth $67,000 after purchasing an additional 2,270 shares in the last quarter. Walleye Capital LLC raised its stake in Beazer Homes USA by 357.7% in the 4th quarter. Walleye Capital LLC now owns 63,537 shares of the construction company’s stock worth $1,475,000 after purchasing an additional 49,656 shares in the last quarter. Barclays PLC raised its stake in Beazer Homes USA by 33.1% in the 4th quarter. Barclays PLC now owns 100,760 shares of the construction company’s stock worth $2,339,000 after purchasing an additional 25,074 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Beazer Homes USA by 1.8% in the 4th quarter. BlackRock Inc. now owns 2,776,160 shares of the construction company’s stock worth $64,462,000 after purchasing an additional 47,922 shares in the last quarter. 78.27% of the stock is owned by institutional investors and hedge funds.

Shares of BZH opened at $14.91 on Monday. The firm has a 50-day moving average of $15.89 and a 200-day moving average of $18.59. Beazer Homes USA has a one year low of $13.78 and a one year high of $26.12. The company has a market cap of $469.07 million, a PE ratio of 3.15 and a beta of 2.06. The company has a debt-to-equity ratio of 1.40, a current ratio of 15.69 and a quick ratio of 1.89.

Beazer Homes USA (NYSE:BZHGet Rating) last announced its quarterly earnings data on Thursday, January 27th. The construction company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.51. Beazer Homes USA had a net margin of 6.69% and a return on equity of 20.95%. The company had revenue of $454.15 million during the quarter, compared to the consensus estimate of $451.90 million. During the same quarter last year, the firm posted $0.40 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that Beazer Homes USA will post 5.46 earnings per share for the current year.

Beazer Homes USA Company Profile (Get Rating)

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Maryland, Indiana, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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