Beazer Homes USA (NYSE:BZH) Shares Down 4.6%

Beazer Homes USA, Inc. (NYSE:BZH) was down 4.6% on Tuesday . The stock traded as low as $26.06 and last traded at $26.27. Approximately 297,415 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 315,823 shares. The stock had previously closed at $27.54.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BZH shares. StockNews.com upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. Wedbush increased their target price on shares of Beazer Homes USA from $32.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd.

Beazer Homes USA Trading Down 4.1 %

The stock has a market cap of $833.24 million, a P/E ratio of 5.45 and a beta of 2.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 13.95 and a quick ratio of 1.32. The business’s 50 day simple moving average is $30.38 and its 200 day simple moving average is $29.25.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, February 1st. The construction company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). The business had revenue of $386.80 million for the quarter, compared to the consensus estimate of $420.71 million. Beazer Homes USA had a return on equity of 14.09% and a net margin of 7.26%. The firm’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 EPS. On average, analysts expect that Beazer Homes USA, Inc. will post 4.66 earnings per share for the current fiscal year.

Institutional Trading of Beazer Homes USA

Several hedge funds have recently modified their holdings of BZH. Register Financial Advisors LLC increased its holdings in shares of Beazer Homes USA by 18.5% in the first quarter. Register Financial Advisors LLC now owns 56,656 shares of the construction company’s stock valued at $1,858,000 after purchasing an additional 8,847 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of Beazer Homes USA in the first quarter valued at approximately $660,000. DGS Capital Management LLC increased its holdings in shares of Beazer Homes USA by 4.1% in the first quarter. DGS Capital Management LLC now owns 9,817 shares of the construction company’s stock valued at $322,000 after purchasing an additional 386 shares in the last quarter. Vanguard Group Inc. grew its holdings in Beazer Homes USA by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 2,359,055 shares of the construction company’s stock worth $79,712,000 after acquiring an additional 164,076 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Beazer Homes USA by 5.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,837 shares of the construction company’s stock worth $569,000 after acquiring an additional 880 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

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.