Analysts Set Beazer Homes USA, Inc. (NYSE:BZH) Price Target at $31.33

Beazer Homes USA, Inc. (NYSE:BZH) has earned an average recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $31.3333.

Several equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Weiss Ratings downgraded shares of Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, January 30th. Finally, Wall Street Zen downgraded shares of Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 31st.

Beazer Homes USA Price Performance

Beazer Homes USA stock opened at $22.51 on Friday. Beazer Homes USA has a 52-week low of $18.58 and a 52-week high of $28.33. The firm has a fifty day moving average of $22.18 and a 200-day moving average of $22.46. The firm has a market capitalization of $664.33 million, a P/E ratio of 75.04, a PEG ratio of 1.86 and a beta of 2.21. The company has a quick ratio of 1.81, a current ratio of 19.62 and a debt-to-equity ratio of 0.94.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Thursday, January 29th. The construction company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by ($0.41). Beazer Homes USA had a return on equity of 2.11% and a net margin of 0.44%.The business had revenue of $363.49 million during the quarter, compared to analyst estimates of $423.23 million. During the same period in the previous year, the company earned $0.10 EPS. Beazer Homes USA’s revenue was down 22.5% on a year-over-year basis. As a group, analysts predict that Beazer Homes USA will post 1.01 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in shares of Beazer Homes USA in the third quarter valued at $37,000. Royal Bank of Canada boosted its stake in shares of Beazer Homes USA by 93.9% in the fourth quarter. Royal Bank of Canada now owns 1,883 shares of the construction company’s stock valued at $38,000 after purchasing an additional 912 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Beazer Homes USA by 454.9% in the second quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock valued at $47,000 after purchasing an additional 1,724 shares during the period. Comerica Bank purchased a new position in shares of Beazer Homes USA in the third quarter valued at $48,000. Finally, Aquatic Capital Management LLC purchased a new position in shares of Beazer Homes USA in the third quarter valued at $70,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

About Beazer Homes USA

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.