Beazer Homes USA, Inc. (NYSE:BZH) Receives $31.33 Average PT from Analysts

Beazer Homes USA, Inc. (NYSE:BZH) has received an average rating of “Hold” from the five research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $31.3333.

A number of equities analysts have recently commented 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. Wall Street Zen downgraded shares of Beazer Homes USA from a “hold” rating to a “strong sell” rating in a report on Saturday, January 31st. Finally, Weiss Ratings lowered shares of Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, January 30th.

Institutional Investors Weigh In On Beazer Homes USA

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in shares of Beazer Homes USA by 1.8% in the first quarter. Royal Bank of Canada now owns 73,915 shares of the construction company’s stock worth $1,507,000 after purchasing an additional 1,279 shares during the period. AQR Capital Management LLC boosted its stake in Beazer Homes USA by 35.5% during the 1st quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company’s stock valued at $4,055,000 after purchasing an additional 52,062 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Beazer Homes USA by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock valued at $353,000 after buying an additional 734 shares during the last quarter. Creative Planning grew its holdings in Beazer Homes USA by 217.3% in the 2nd quarter. Creative Planning now owns 46,101 shares of the construction company’s stock valued at $1,031,000 after buying an additional 31,572 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Beazer Homes USA by 1.4% in the 2nd quarter. Rhumbline Advisers now owns 46,206 shares of the construction company’s stock worth $1,034,000 after buying an additional 642 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Beazer Homes USA Stock Performance

BZH opened at $19.90 on Tuesday. The company has a market cap of $587.25 million, a PE ratio of 66.34, a price-to-earnings-growth ratio of 1.64 and a beta of 2.21. The stock has a 50-day moving average of $23.20 and a 200-day moving average of $22.83. Beazer Homes USA has a 52-week low of $17.37 and a 52-week high of $28.33. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.81 and a current ratio of 19.62.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data 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). Beazer Homes USA had a net margin of 0.44% and a return on equity of 2.11%. The company had revenue of $363.49 million during the quarter, compared to the consensus estimate of $423.23 million. During the same period in the previous year, the business posted $0.10 earnings per share. The firm’s revenue was down 22.5% on a year-over-year basis. As a group, equities research analysts forecast that Beazer Homes USA will post 3.48 earnings per share for the current fiscal year.

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.