Beazer Homes USA, Inc. (NYSE:BZH) Receives $31.33 Average Target Price from Brokerages

Shares of Beazer Homes USA, Inc. (NYSE:BZH) have received a consensus rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $31.3333.

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

Beazer Homes USA Trading Up 0.1%

Shares of NYSE BZH opened at $26.73 on Monday. The company has a market cap of $788.80 million, a PE ratio of 89.10, a P/E/G ratio of 2.21 and a beta of 2.21. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.81 and a current ratio of 19.62. The firm’s 50 day moving average price is $22.55 and its 200-day moving average price is $23.31. Beazer Homes USA has a 52-week low of $17.37 and a 52-week high of $27.29.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Thursday, January 29th. The construction company reported ($0.90) EPS for the quarter, missing the consensus estimate of ($0.49) by ($0.41). The business had revenue of $363.49 million during the quarter, compared to the consensus estimate of $423.23 million. Beazer Homes USA had a return on equity of 2.11% and a net margin of 0.44%.Beazer Homes USA’s quarterly revenue was down 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 earnings per share. On average, equities research analysts expect that Beazer Homes USA will post 3.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Beazer Homes USA

A number of hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in Beazer Homes USA during the third quarter worth $37,000. Osaic Holdings Inc. lifted its holdings in shares of Beazer Homes USA by 454.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock worth $47,000 after acquiring an additional 1,724 shares during the last quarter. Comerica Bank purchased a new position in shares of Beazer Homes USA during the 3rd quarter worth about $48,000. Aquatic Capital Management LLC purchased a new position in shares of Beazer Homes USA during the 3rd quarter worth about $70,000. Finally, Tower Research Capital LLC TRC grew its holdings in Beazer Homes USA by 123.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock valued at $78,000 after purchasing an additional 1,933 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Beazer Homes USA Company Profile

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.