Beazer Homes USA (NYSE:BZH) Hits New 52-Week Low – Time to Sell?

Beazer Homes USA, Inc. (NYSE:BZH)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $20.59 and last traded at $20.61, with a volume of 68741 shares. The stock had previously closed at $21.28.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued an “outperform” rating and issued a $45.00 price objective on shares of Beazer Homes USA in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Beazer Homes USA currently has a consensus rating of “Hold” and an average price target of $39.67.

Beazer Homes USA Price Performance

The company has a 50 day moving average of $23.67 and a 200 day moving average of $28.76. The stock has a market capitalization of $631.70 million, a price-to-earnings ratio of 5.16, a price-to-earnings-growth ratio of 0.35 and a beta of 2.26. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. As a group, equities research analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Institutional Trading of Beazer Homes USA

Institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC purchased a new position in shares of Beazer Homes USA in the 3rd quarter worth $371,000. Fisher Asset Management LLC purchased a new position in shares of Beazer Homes USA in the 3rd quarter worth about $1,653,000. Quantbot Technologies LP raised its holdings in shares of Beazer Homes USA by 70.7% in the 3rd quarter. Quantbot Technologies LP now owns 35,801 shares of the construction company’s stock worth $1,223,000 after purchasing an additional 14,834 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Beazer Homes USA during the 3rd quarter worth about $1,370,000. Finally, Verition Fund Management LLC acquired a new stake in Beazer Homes USA during the 3rd quarter worth approximately $910,000. 85.65% of the stock is owned by hedge funds and other 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.