Beazer Homes USA (NYSE:BZH) Stock Price Down 5.2% – Here’s Why

Beazer Homes USA, Inc. (NYSE:BZH) shares fell 5.2% during mid-day trading on Monday . The stock traded as low as $32.12 and last traded at $32.13. 86,102 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 362,222 shares. The stock had previously closed at $33.88.

Analyst Ratings Changes

A number of analysts recently weighed in on BZH shares. StockNews.com lowered shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Zelman & Associates reissued an “underperform” rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $41.00 to $45.00 in a report on Thursday, September 5th. Finally, B. Riley lowered their target price on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.67.

Beazer Homes USA Price Performance

The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 6.54, a P/E/G ratio of 1.35 and a beta of 2.17. The company has a quick ratio of 0.92, a current ratio of 12.42 and a debt-to-equity ratio of 0.91. The stock has a fifty day moving average of $31.82 and a 200-day moving average of $29.80.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Thursday, August 1st. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. Beazer Homes USA had a net margin of 6.63% and a return on equity of 12.61%. The business had revenue of $595.68 million during the quarter, compared to analysts’ expectations of $597.67 million. During the same quarter in the prior year, the business posted $1.24 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts predict that Beazer Homes USA, Inc. will post 4.2 EPS for the current fiscal year.

Institutional Trading of Beazer Homes USA

Several institutional investors and hedge funds have recently made changes to their positions in the company. Boston Partners acquired a new position in Beazer Homes USA during the first quarter worth approximately $15,411,000. Donald Smith & CO. Inc. increased its holdings in shares of Beazer Homes USA by 13.8% in the 1st quarter. Donald Smith & CO. Inc. now owns 2,943,211 shares of the construction company’s stock valued at $96,537,000 after acquiring an additional 356,569 shares during the period. Carlson Capital L P raised its position in Beazer Homes USA by 63.9% in the 1st quarter. Carlson Capital L P now owns 333,600 shares of the construction company’s stock valued at $10,942,000 after purchasing an additional 130,100 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Beazer Homes USA by 53.3% in the first quarter. First Eagle Investment Management LLC now owns 359,686 shares of the construction company’s stock valued at $11,798,000 after buying an additional 125,100 shares during the last quarter. Finally, Foundry Partners LLC increased its position in Beazer Homes USA by 29.4% in the 1st quarter. Foundry Partners LLC now owns 163,805 shares of the construction company’s stock valued at $5,373,000 after acquiring an additional 37,200 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

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.