Beazer Homes USA, Inc. (NYSE:BZH) Stock Now Rated “Reduce” by Sell-Side Brokerages

Shares of Beazer Homes USA, Inc. (NYSE:BZH) have received an average rating of “Reduce” from the four ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company.

Several research analysts have issued reports on the stock. Zacks Research downgraded shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Texas Capital cut shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Oppenheimer downgraded shares of Beazer Homes USA from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. Finally, Weiss Ratings raised Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 26th.

Beazer Homes USA Price Performance

Shares of NYSE BZH opened at $33.41 on Wednesday. The stock has a market cap of $891.51 million, a P/E ratio of -111.38, a P/E/G ratio of 1.64 and a beta of 2.19. Beazer Homes USA has a twelve month low of $17.83 and a twelve month high of $34.54. The stock has a 50 day moving average of $33.23 and a two-hundred day moving average of $27.90. The company has a current ratio of 14.64, a quick ratio of 1.28 and a debt-to-equity ratio of 1.23.

Beazer Homes USA (NYSE:BZH) last announced 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. Beazer Homes USA had a negative net margin of 0.37% and a positive return on equity of 0.18%. The business had revenue of $516.31 million for the quarter, compared to analyst estimates of $510.55 million. During the same period last year, the firm posted $0.26 earnings per share. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, research analysts forecast that Beazer Homes USA will post -0.67 earnings per share for the current year.

Institutional Trading of Beazer Homes USA

A number of hedge funds have recently added to or reduced their stakes in BZH. Integrated Wealth Concepts LLC acquired a new position in shares of Beazer Homes USA in the second quarter valued at approximately $141,000. Governors Lane LP purchased a new stake in shares of Beazer Homes USA during the second quarter worth approximately $6,097,000. Arizona State Retirement System acquired a new stake in shares of Beazer Homes USA during the second quarter worth $206,000. HB Wealth Management LLC lifted its holdings in shares of Beazer Homes USA by 1.4% during the second quarter. HB Wealth Management LLC now owns 59,448 shares of the construction company’s stock worth $1,668,000 after purchasing an additional 833 shares during the period. Finally, NINE MASTS CAPITAL Ltd purchased a new position in Beazer Homes USA in the 2nd quarter valued at $604,000. 85.65% of the stock is owned by institutional investors and hedge funds.

About Beazer Homes USA

Beazer Homes USA, Inc is a residential construction company that designs, builds, markets and sells single-family homes. Its communities generally offer newly constructed homes in a range of floor plans, sizes and price points, with features and options intended to meet the needs of first-time, move-up and other homebuyers.

The company also acquires and develops residential land and provides related services that support the homebuying process. Through affiliated operations, Beazer may offer mortgage origination and other closing-related services to eligible customers.