StockNews.com Lowers Beazer Homes USA (NYSE:BZH) to Sell

StockNews.com cut shares of Beazer Homes USA (NYSE:BZH) from a hold rating to a sell rating in a research report report published on Friday morning.

Separately, Wedbush reaffirmed a neutral rating and issued a $33.00 target price on shares of Beazer Homes USA in a research report on Thursday.

Beazer Homes USA Trading Up 2.6 %

Shares of BZH opened at $27.70 on Friday. The company has a current ratio of 13.50, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $873.94 million, a P/E ratio of 5.35 and a beta of 2.25. The stock’s fifty day simple moving average is $29.76 and its 200 day simple moving average is $29.59. Beazer Homes USA has a twelve month low of $19.67 and a twelve month high of $35.93.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.35. The business had revenue of $541.50 million for the quarter, compared to analyst estimates of $569.88 million. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company posted $1.13 EPS. On average, equities research analysts forecast that Beazer Homes USA will post 4.61 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BZH. BluePath Capital Management LLC purchased a new position in Beazer Homes USA in the third quarter valued at about $31,000. Yorktown Management & Research Co Inc purchased a new stake in shares of Beazer Homes USA during the third quarter worth about $341,000. Allspring Global Investments Holdings LLC increased its position in shares of Beazer Homes USA by 3,734.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 200,802 shares of the construction company’s stock worth $5,002,000 after acquiring an additional 195,565 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Beazer Homes USA by 433.9% during the third quarter. Teacher Retirement System of Texas now owns 190,365 shares of the construction company’s stock worth $4,742,000 after acquiring an additional 154,711 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Beazer Homes USA during the third quarter worth about $227,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Company Profile

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.