Beazer Homes USA (NYSE:BZH) Stock Rating Reaffirmed by Wedbush

Wedbush reiterated their neutral rating on shares of Beazer Homes USA (NYSE:BZH) in a research report released on Thursday, Marketbeat Ratings reports. Wedbush currently has a $33.00 price target on the construction company’s stock. Wedbush also issued estimates for Beazer Homes USA’s Q4 2024 earnings at $1.87 EPS and Q1 2025 earnings at $0.44 EPS.

Separately, StockNews.com upgraded Beazer Homes USA from a sell rating to a hold rating in a research note on Friday, March 29th.

Beazer Homes USA Stock Performance

Shares of BZH opened at $27.70 on Thursday. The business’s fifty day simple moving average is $29.76 and its two-hundred day simple moving average is $29.59. The company has a current ratio of 13.50, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. Beazer Homes USA has a 12 month low of $19.67 and a 12 month high of $35.93. The company has a market cap of $873.94 million, a price-to-earnings ratio of 5.35 and a beta of 2.25.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Wednesday, May 1st. The construction company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.91 by $0.35. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The business had revenue of $541.50 million for the quarter, compared to the consensus estimate of $569.88 million. During the same period last year, the business posted $1.13 EPS. The company’s revenue was down .4% compared to the same quarter last year. Research analysts anticipate that Beazer Homes USA will post 4.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Beazer Homes USA

A number of institutional investors and hedge funds have recently modified their holdings of BZH. BluePath Capital Management LLC purchased a new position in shares of Beazer Homes USA in the 3rd quarter worth $31,000. Yorktown Management & Research Co Inc purchased a new position in Beazer Homes USA during the third quarter valued at $341,000. Allspring Global Investments Holdings LLC lifted its position in Beazer Homes USA by 3,734.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 200,802 shares of the construction company’s stock valued at $5,002,000 after purchasing an additional 195,565 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Beazer Homes USA by 433.9% during the third quarter. Teacher Retirement System of Texas now owns 190,365 shares of the construction company’s stock valued at $4,742,000 after purchasing an additional 154,711 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new position in Beazer Homes USA during the third quarter valued at $227,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

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 also 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.