Beazer Homes USA (NYSE:BZH) Raised to Hold at Wall Street Zen

Beazer Homes USA (NYSE:BZH) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other research analysts have also weighed in on the stock. Zacks Research lowered shares of Beazer Homes USA from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Beazer Homes USA in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $31.33.

Beazer Homes USA Stock Down 0.8%

Shares of NYSE BZH opened at $22.59 on Friday. Beazer Homes USA has a 1 year low of $17.37 and a 1 year high of $31.45. The firm has a market cap of $672.37 million, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 0.97 and a beta of 2.16. The firm’s 50 day moving average price is $22.44 and its 200 day moving average price is $23.34. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.07 and a current ratio of 16.21.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Thursday, November 13th. The construction company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.27. Beazer Homes USA had a return on equity of 4.46% and a net margin of 1.92%.The business had revenue of $791.90 million during the quarter, compared to the consensus estimate of $674.80 million. During the same quarter in the previous year, the business earned $1.69 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Beazer Homes USA will post 3.48 earnings per share for the current year.

Institutional Investors Weigh In On Beazer Homes USA

Several hedge funds have recently modified their holdings of BZH. US Bancorp DE lifted its stake in shares of Beazer Homes USA by 48.1% in the first quarter. US Bancorp DE now owns 2,523 shares of the construction company’s stock worth $51,000 after acquiring an additional 819 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in Beazer Homes USA during the 1st quarter worth approximately $509,000. Total Clarity Wealth Management Inc. acquired a new stake in Beazer Homes USA in the second quarter valued at $234,000. Round Hill Asset Management boosted its stake in Beazer Homes USA by 109.6% during the 2nd quarter. Round Hill Asset Management now owns 135,203 shares of the construction company’s stock valued at $3,024,000 after acquiring an additional 70,690 shares during the last quarter. Finally, Register Financial Advisors LLC grew its holdings in Beazer Homes USA by 7.7% during the 2nd quarter. Register Financial Advisors LLC now owns 98,381 shares of the construction company’s stock worth $2,201,000 after acquiring an additional 7,000 shares in the last quarter. 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.