Other equities analysts have also recently issued reports about the company. TheStreet raised Beazer Homes USA from a d+ rating to a c- rating in a research note on Monday. Zacks Investment Research raised Beazer Homes USA from a strong sell rating to a hold rating in a research note on Tuesday, January 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $14.50.
Shares of NYSE BZH opened at $13.13 on Wednesday. The stock has a market cap of $420.35 million, a P/E ratio of 6.60 and a beta of 2.49. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.17 and a current ratio of 18.41. Beazer Homes USA has a 1-year low of $8.16 and a 1-year high of $17.23.
Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Monday, February 4th. The construction company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). The company had revenue of $402.04 million during the quarter, compared to analysts’ expectations of $412.10 million. Beazer Homes USA had a return on equity of 11.07% and a net margin of 4.35%. Beazer Homes USA’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $0.04 earnings per share. As a group, equities analysts expect that Beazer Homes USA will post 1.24 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in BZH. Towle & Co. increased its stake in Beazer Homes USA by 30.3% in the 4th quarter. Towle & Co. now owns 2,426,370 shares of the construction company’s stock worth $23,002,000 after purchasing an additional 564,520 shares during the period. Deutsche Bank AG increased its stake in Beazer Homes USA by 218.3% in the 4th quarter. Deutsche Bank AG now owns 548,037 shares of the construction company’s stock worth $5,194,000 after purchasing an additional 375,866 shares during the period. Donald Smith & CO. Inc. increased its stake in Beazer Homes USA by 12.4% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,374,475 shares of the construction company’s stock worth $31,990,000 after purchasing an additional 373,441 shares during the period. Brandes Investment Partners LP increased its stake in Beazer Homes USA by 35.3% in the 4th quarter. Brandes Investment Partners LP now owns 999,019 shares of the construction company’s stock worth $9,471,000 after purchasing an additional 260,877 shares during the period. Finally, Essex Investment Management Co. LLC increased its stake in Beazer Homes USA by 59.6% in the 4th quarter. Essex Investment Management Co. LLC now owns 257,648 shares of the construction company’s stock worth $2,443,000 after purchasing an additional 96,240 shares during the period. 86.06% of the stock is currently owned by institutional investors and hedge funds.
About Beazer Homes USA
Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.
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