Beazer Homes USA (NYSE:BZH) Stock Rating Lowered by StockNews.com

Beazer Homes USA (NYSE:BZH) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Separately, Wedbush reissued a “neutral” rating and set a $33.00 target price on shares of Beazer Homes USA in a report on Thursday.

Beazer Homes USA Stock Up 2.6 %

Shares of NYSE BZH opened at $27.70 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 13.50 and a quick ratio of 1.32. The stock has a market capitalization of $873.94 million, a PE ratio of 5.35 and a beta of 2.25. Beazer Homes USA has a one year low of $19.67 and a one year high of $35.93. The business’s fifty day moving average price is $29.76 and its 200-day moving average price is $29.55.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Wednesday, May 1st. The construction company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.91 by $0.35. The business had revenue of $541.50 million for the quarter, compared to the consensus estimate of $569.88 million. Beazer Homes USA had a net margin of 7.48% and a return on equity of 13.97%. The company’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 earnings per share. On average, equities research analysts anticipate that Beazer Homes USA will post 4.61 EPS for the current year.

Hedge Funds Weigh In On Beazer Homes USA

Hedge funds have recently bought and sold shares of the company. Donald Smith & CO. Inc. grew its position in Beazer Homes USA by 58.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock worth $87,403,000 after buying an additional 958,814 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Beazer Homes USA by 31.2% during the third quarter. Vanguard Group Inc. now owns 2,194,979 shares of the construction company’s stock worth $54,677,000 after purchasing an additional 521,596 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Beazer Homes USA by 34.6% in the third quarter. Assenagon Asset Management S.A. now owns 743,501 shares of the construction company’s stock worth $18,521,000 after purchasing an additional 190,985 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Beazer Homes USA in the fourth quarter valued at approximately $24,971,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Beazer Homes USA by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 589,533 shares of the construction company’s stock valued at $19,920,000 after purchasing an additional 22,669 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

About Beazer Homes USA

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.