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

Shares of Beazer Homes USA, Inc. (NYSE:BZH) have been given an average recommendation of “Hold” by the five analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $31.3333.

BZH has been the subject of several recent research reports. Zacks Research upgraded Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Weiss Ratings cut shares of Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a report 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.

Hedge Funds Weigh In On Beazer Homes USA

A number of hedge funds have recently modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of Beazer Homes USA in the fourth quarter worth about $1,157,000. Polymer Capital Management US LLC bought a new position in Beazer Homes USA during the 4th quarter valued at approximately $337,000. Quadrature Capital Ltd purchased a new stake in Beazer Homes USA in the 4th quarter worth approximately $264,000. Readystate Asset Management LP lifted its holdings in Beazer Homes USA by 154.3% in the 4th quarter. Readystate Asset Management LP now owns 157,870 shares of the construction company’s stock worth $3,200,000 after buying an additional 95,782 shares during the period. Finally, Balyasny Asset Management L.P. grew its position in shares of Beazer Homes USA by 88.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 193,436 shares of the construction company’s stock worth $3,921,000 after buying an additional 90,587 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Stock Down 2.2%

Shares of NYSE:BZH opened at $22.25 on Friday. The stock has a market capitalization of $656.60 million, a P/E ratio of 74.17, a price-to-earnings-growth ratio of 1.84 and a beta of 2.17. The stock’s 50-day moving average price is $23.98 and its 200-day moving average price is $23.51. The company has a current ratio of 19.62, a quick ratio of 1.81 and a debt-to-equity ratio of 0.94. Beazer Homes USA has a 12-month low of $17.37 and a 12-month high of $28.33.

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

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.