Beazer Homes USA (NYSE:BZH) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of Beazer Homes USA (NYSE:BZH) from a hold rating to a strong sell rating in a research report released on Tuesday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Wedbush reissued 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 target price (down previously from $33.00) on shares of Beazer Homes USA in a research note on Monday, August 4th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Beazer Homes USA in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.33.

Beazer Homes USA Trading Up 0.4%

Shares of Beazer Homes USA stock traded up $0.09 during trading on Tuesday, hitting $19.91. The stock had a trading volume of 56,437 shares, compared to its average volume of 390,416. Beazer Homes USA has a 12 month low of $17.37 and a 12 month high of $36.72. The company has a debt-to-equity ratio of 0.94, a current ratio of 13.33 and a quick ratio of 0.91. The firm’s fifty day simple moving average is $23.35 and its 200-day simple moving average is $23.25. The stock has a market cap of $592.40 million, a PE ratio of 9.05, a PEG ratio of 0.61 and a beta of 2.16.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Thursday, November 13th. The construction company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.27. Beazer Homes USA had a net margin of 2.84% and a return on equity of 6.16%. The company had revenue of $791.90 million for the quarter, compared to analyst estimates of $674.80 million. During the same period in the prior year, the company posted $1.69 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, sell-side analysts expect that Beazer Homes USA will post 3.48 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. Harbor Capital Advisors Inc. lifted its stake in Beazer Homes USA by 5.9% in the third quarter. Harbor Capital Advisors Inc. now owns 8,202 shares of the construction company’s stock worth $201,000 after acquiring an additional 456 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Beazer Homes USA by 0.6% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 76,110 shares of the construction company’s stock valued at $1,552,000 after purchasing an additional 476 shares during the period. Rhumbline Advisers raised its holdings in shares of Beazer Homes USA by 1.4% in the 2nd quarter. Rhumbline Advisers now owns 46,206 shares of the construction company’s stock valued at $1,034,000 after purchasing an additional 642 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Beazer Homes USA by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock worth $353,000 after purchasing an additional 734 shares during the period. Finally, US Bancorp DE lifted its position in shares of Beazer Homes USA by 48.1% in the 1st quarter. US Bancorp DE now owns 2,523 shares of the construction company’s stock worth $51,000 after purchasing an additional 819 shares during the period. 85.65% of the stock is currently owned by 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.