Shares of Beazer Homes USA, Inc. (NYSE:BZH) have received a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $14.33.
Several brokerages have recently issued reports on BZH. TheStreet upgraded Secureworks from a “d+” rating to a “c-” rating in a research report on Monday, April 22nd. Zacks Investment Research downgraded Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Wedbush restated a “buy” rating and issued a $36.00 price objective on shares of Allena Pharmaceuticals in a research report on Tuesday, July 2nd. Finally, ValuEngine downgraded Whiting USA Trust II from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th.
Shares of NYSE:BZH traded down $0.16 on Friday, hitting $10.55. The company had a trading volume of 345,239 shares, compared to its average volume of 458,467. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.93 and a current ratio of 13.97. Beazer Homes USA has a 52-week low of $8.16 and a 52-week high of $15.78. The business has a 50 day moving average of $9.81. The firm has a market capitalization of $337.74 million, a P/E ratio of 5.30 and a beta of 2.58.
Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.15. Beazer Homes USA had a positive return on equity of 10.34% and a negative net margin of 0.93%. The business had revenue of $421.30 million for the quarter, compared to the consensus estimate of $402.98 million. During the same period in the prior year, the business earned $0.36 earnings per share. The business’s revenue was down 7.4% on a year-over-year basis. On average, research analysts predict that Beazer Homes USA will post 1.42 EPS for the current fiscal year.
In other Beazer Homes USA news, insider Allan P. Merrill bought 5,192 shares of Beazer Homes USA stock in a transaction that occurred on Wednesday, May 22nd. The shares were purchased at an average cost of $9.63 per share, for a total transaction of $49,998.96. Following the completion of the transaction, the insider now owns 537,127 shares of the company’s stock, valued at approximately $5,172,533.01. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.90% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new position in shares of Beazer Homes USA in the 1st quarter worth about $55,000. BNP Paribas Arbitrage SA raised its holdings in shares of Beazer Homes USA by 152.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,284 shares of the construction company’s stock worth $72,000 after purchasing an additional 3,796 shares during the period. Quantamental Technologies LLC raised its holdings in shares of Beazer Homes USA by 203.0% in the 1st quarter. Quantamental Technologies LLC now owns 8,210 shares of the construction company’s stock worth $94,000 after purchasing an additional 5,500 shares during the period. Metropolitan Life Insurance Co. NY raised its holdings in shares of Beazer Homes USA by 405.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,547 shares of the construction company’s stock worth $100,000 after purchasing an additional 8,460 shares during the period. Finally, B. Riley Financial Inc. purchased a new position in shares of Beazer Homes USA in the 1st quarter worth about $139,000. Hedge funds and other institutional investors own 81.56% of the company’s stock.
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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