Beazer Homes USA (NYSE:BZH) Sets New 12-Month High – Time to Buy?

Beazer Homes USA, Inc. (NYSE:BZH) reached a new 52-week high on Tuesday . The stock traded as high as $34.00 and last traded at $33.73, with a volume of 4278 shares trading hands. The stock had previously closed at $33.05.

Analysts Set New Price Targets

Several brokerages recently weighed in on BZH. Weiss Ratings raised Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. Wall Street Zen cut shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.50.

Beazer Homes USA Stock Up 2.0%

The stock’s 50 day simple moving average is $28.11 and its two-hundred day simple moving average is $24.60. The firm has a market cap of $921.70 million, a P/E ratio of -225.53 and a beta of 2.18. The company has a debt-to-equity ratio of 1.05, a current ratio of 15.67 and a quick ratio of 1.32.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.69. The firm had revenue of $409.85 million for the quarter, compared to analysts’ expectations of $448.79 million. Beazer Homes USA had a positive return on equity of 0.99% and a negative net margin of 0.18%.The business’s revenue for the quarter was down 27.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. As a group, research analysts forecast that Beazer Homes USA, Inc. will post -0.41 earnings per share for the current year.

Institutional Investors Weigh In On Beazer Homes USA

A number of institutional investors have recently modified their holdings of BZH. Royal Bank of Canada grew 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 worth $38,000 after acquiring an additional 912 shares during the last quarter. Comerica Bank bought a new position in Beazer Homes USA in the 3rd quarter worth about $48,000. Osaic Holdings Inc. boosted its stake in 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 purchasing an additional 1,724 shares in the last quarter. Aquatic Capital Management LLC bought a new position in Beazer Homes USA in the 3rd quarter worth about $70,000. Finally, Tower Research Capital LLC TRC grew its position 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 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.