Beazer Homes USA (NYSE:BZH) Issues Quarterly Earnings Results

Beazer Homes USA (NYSE:BZH) issued its quarterly earnings results on Thursday. The construction company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.27, Zacks reports. Beazer Homes USA had a return on equity of 6.16% and a net margin of 2.84%.The business had revenue of $791.90 million during the quarter, compared to analysts’ expectations of $674.80 million. During the same quarter in the prior year, the business posted $1.69 earnings per share. The business’s quarterly revenue was down 1.8% on a year-over-year basis.

Beazer Homes USA Trading Up 2.3%

Shares of BZH stock opened at $21.88 on Friday. The firm has a 50-day moving average price of $23.69 and a 200 day moving average price of $23.23. The company has a current ratio of 13.33, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $650.46 million, a price-to-earnings ratio of 9.95, a PEG ratio of 0.61 and a beta of 2.16. Beazer Homes USA has a twelve month low of $17.37 and a twelve month high of $36.72.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BZH shares. Zacks Research upgraded Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Wedbush restated an “outperform” rating and set a $41.00 price target on shares of Beazer Homes USA in a research note on Friday, August 1st. Oppenheimer reiterated an “outperform” rating and issued a $30.00 price objective (down previously from $33.00) on shares of Beazer Homes USA in a research note on Monday, August 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Beazer Homes USA in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.33.

Institutional Trading of Beazer Homes USA

A number of hedge funds have recently made changes to their positions in BZH. JPMorgan Chase & Co. lifted its position in shares of Beazer Homes USA by 1,385.2% during the third quarter. JPMorgan Chase & Co. now owns 229,705 shares of the construction company’s stock worth $5,639,000 after purchasing an additional 214,239 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Beazer Homes USA by 101.4% in the second quarter. Cerity Partners LLC now owns 127,555 shares of the construction company’s stock valued at $2,853,000 after acquiring an additional 64,220 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Beazer Homes USA by 35.5% during the 1st quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company’s stock valued at $4,055,000 after purchasing an additional 52,062 shares during the period. Squarepoint Ops LLC lifted its holdings in Beazer Homes USA by 32.3% in the 3rd quarter. Squarepoint Ops LLC now owns 141,234 shares of the construction company’s stock valued at $3,467,000 after acquiring an additional 34,515 shares during the last quarter. Finally, Man Group plc acquired a new position in Beazer Homes USA in the second quarter worth approximately $643,000. Hedge funds and other institutional investors 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.