Beazer Homes USA (NYSE:BZH) Reaches New 52-Week High – Should You Buy?

Beazer Homes USA, Inc. (NYSE:BZH)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $31.64 and last traded at $31.53, with a volume of 283750 shares traded. The stock had previously closed at $27.42.

Analyst Ratings Changes

A number of equities analysts have issued reports on BZH shares. Weiss Ratings restated a “sell (d)” rating on shares of Beazer Homes USA in a research report on Friday, June 26th. Wall Street Zen lowered shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $35.50.

Beazer Homes USA Stock Up 1.3%

The stock has a market cap of $858.16 million, a price-to-earnings ratio of -209.33 and a beta of 2.18. The company has a current ratio of 15.67, a quick ratio of 1.32 and a debt-to-equity ratio of 1.05. The firm’s 50 day moving average is $25.40 and its two-hundred day moving average is $23.55.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.69. The company had revenue of $409.85 million for the quarter, compared to analysts’ expectations of $448.79 million. Beazer Homes USA had a negative net margin of 0.18% and a positive return on equity of 0.99%. The firm’s revenue for the quarter was down 27.5% compared to the same quarter last year. During the same period last year, the company earned $0.42 EPS. On average, sell-side analysts predict that Beazer Homes USA, Inc. will post -0.41 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. boosted its holdings in shares of Beazer Homes USA by 7.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 8,808 shares of the construction company’s stock worth $179,000 after purchasing an additional 606 shares during the last quarter. Rhumbline Advisers increased its stake in Beazer Homes USA by 1.4% in the second 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 during the last quarter. State of Wyoming lifted its position in Beazer Homes USA by 18.5% during the fourth quarter. State of Wyoming now owns 4,523 shares of the construction company’s stock worth $92,000 after buying an additional 706 shares during the period. Assenagon Asset Management S.A. lifted its position in Beazer Homes USA by 0.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 142,287 shares of the construction company’s stock worth $2,884,000 after buying an additional 715 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 buying an additional 734 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

About Beazer Homes USA

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.