Beazer Homes USA, Inc. (NYSE:BZH) Receives Average Recommendation of “Hold” from Brokerages

Shares of Beazer Homes USA, Inc. (NYSE:BZH) have earned an average rating of “Hold” from the four ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating on the company.

A number of research firms have commented on BZH. Oppenheimer downgraded shares of Beazer Homes USA from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. Wall Street Zen cut Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Zacks Research upgraded Beazer Homes USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Texas Capital lowered Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Finally, Weiss Ratings raised shares of Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th.

Beazer Homes USA Trading Up 0.2%

Shares of BZH stock opened at $33.28 on Friday. The stock’s fifty day moving average is $32.25 and its two-hundred day moving average is $26.45. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.28 and a current ratio of 14.64. The firm has a market capitalization of $887.91 million, a P/E ratio of -110.93 and a beta of 2.17. Beazer Homes USA has a fifty-two week low of $17.83 and a fifty-two week high of $34.54.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Friday, August 7th. The construction company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.18. The business had revenue of $516.31 million during the quarter, compared to analyst estimates of $510.55 million. Beazer Homes USA had a negative net margin of 0.37% and a positive return on equity of 0.18%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Research analysts expect that Beazer Homes USA will post -0.21 earnings per share for the current fiscal year.

Institutional Trading of Beazer Homes USA

Several institutional investors have recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. acquired a new position in Beazer Homes USA during the second quarter worth $78,938,000. California State Teachers Retirement System raised its holdings in shares of Beazer Homes USA by 5,489.8% in the 2nd quarter. California State Teachers Retirement System now owns 1,678,175 shares of the construction company’s stock valued at $47,073,000 after buying an additional 1,648,153 shares during the period. Dimensional Fund Advisors LP lifted its stake in Beazer Homes USA by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company’s stock worth $19,236,000 after acquiring an additional 51,284 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in Beazer Homes USA by 0.8% during the 4th quarter. First Eagle Investment Management LLC now owns 701,437 shares of the construction company’s stock valued at $14,218,000 after acquiring an additional 5,500 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Beazer Homes USA by 22.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 678,471 shares of the construction company’s stock valued at $13,753,000 after acquiring an additional 122,606 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

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.