Beazer Homes USA (NYSE:BZH) Shares Down 3.2%

Shares of Beazer Homes USA, Inc. (NYSE:BZH) traded down 3.2% during trading on Friday . The stock traded as low as $26.65 and last traded at $26.69. 57,036 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 349,993 shares. The stock had previously closed at $27.56.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Sidoti raised shares of Beazer Homes USA from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Wednesday, August 23rd. Wedbush downgraded shares of Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $32.00 target price for the company. in a research report on Friday, August 18th. They noted that the move was a valuation call. StockNews.com started coverage on shares of Beazer Homes USA in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Zelman & Associates upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, B. Riley boosted their price objective on shares of Beazer Homes USA from $28.00 to $38.00 in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Beazer Homes USA has an average rating of “Moderate Buy” and a consensus target price of $35.33.

Beazer Homes USA Price Performance

The stock’s 50 day moving average price is $29.71 and its two-hundred day moving average price is $22.98. The company has a debt-to-equity ratio of 0.94, a current ratio of 15.28 and a quick ratio of 2.55. The firm has a market capitalization of $810.11 million, a price-to-earnings ratio of 4.19 and a beta of 2.32.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.54. The business had revenue of $572.54 million during the quarter, compared to analysts’ expectations of $512.26 million. Beazer Homes USA had a net margin of 7.94% and a return on equity of 18.66%. Beazer Homes USA’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.76 earnings per share. On average, equities research analysts anticipate that Beazer Homes USA, Inc. will post 4.74 EPS for the current year.

Hedge Funds Weigh In On Beazer Homes USA

Large investors have recently bought and sold shares of the stock. Signaturefd LLC raised its stake in Beazer Homes USA by 159.7% during the 2nd quarter. Signaturefd LLC now owns 1,070 shares of the construction company’s stock valued at $30,000 after purchasing an additional 658 shares during the last quarter. Great West Life Assurance Co. Can acquired a new position in Beazer Homes USA during the 2nd quarter valued at $31,000. UniSuper Management Pty Ltd acquired a new position in Beazer Homes USA during the 2nd quarter valued at $46,000. Tower Research Capital LLC TRC raised its stake in Beazer Homes USA by 84.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,623 shares of the construction company’s stock valued at $46,000 after purchasing an additional 743 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in Beazer Homes USA during the 1st quarter valued at $31,000. 79.07% of the stock is currently owned by institutional investors and hedge funds.

About Beazer Homes USA

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, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.