Beazer Homes USA (NYSE:BZH) Stock Rating Lowered by Zacks Research

Beazer Homes USA (NYSE:BZH) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

A number of other research firms have also recently commented on BZH. Weiss Ratings upgraded Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. Texas Capital lowered Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Finally, Oppenheimer downgraded Beazer Homes USA from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Beazer Homes USA Trading Up 0.0%

NYSE:BZH opened at $33.41 on Thursday. The stock has a 50-day simple moving average of $33.22 and a 200-day simple moving average of $27.67. The stock has a market cap of $891.25 million, a P/E ratio of -111.35, a P/E/G ratio of 1.64 and a beta of 2.19. Beazer Homes USA has a 1 year low of $17.83 and a 1 year high of $34.54. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.28 and a current ratio of 14.64.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Friday, August 7th. The construction company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.18. The business had revenue of $516.31 million for the quarter, compared to analyst estimates of $510.55 million. Beazer Homes USA had a positive return on equity of 0.18% and a negative net margin of 0.37%.The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. As a group, analysts anticipate that Beazer Homes USA will post -0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. HB Wealth Management LLC lifted its holdings in Beazer Homes USA by 1.4% in the second quarter. HB Wealth Management LLC now owns 59,448 shares of the construction company’s stock valued at $1,668,000 after acquiring an additional 833 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Beazer Homes USA during the 2nd quarter worth $56,000. Hsbc Holdings PLC increased its holdings in shares of Beazer Homes USA by 14.0% in the 4th quarter. Hsbc Holdings PLC now owns 22,153 shares of the construction company’s stock valued at $449,000 after purchasing an additional 2,723 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Beazer Homes USA by 20.2% in the 1st quarter. SG Americas Securities LLC now owns 17,320 shares of the construction company’s stock valued at $333,000 after purchasing an additional 2,907 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Beazer Homes USA in the second quarter valued at about $141,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a residential construction company that designs, builds, markets and sells single-family homes. Its communities generally offer newly constructed homes in a range of floor plans, sizes and price points, with features and options intended to meet the needs of first-time, move-up and other homebuyers.

The company also acquires and develops residential land and provides related services that support the homebuying process. Through affiliated operations, Beazer may offer mortgage origination and other closing-related services to eligible customers.