Zacks Research Downgrades Beazer Homes USA (NYSE:BZH) to Hold

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

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

Beazer Homes USA Stock Performance

NYSE:BZH opened at $33.41 on Thursday. The firm’s fifty day simple moving average is $33.22 and its 200-day simple moving average is $27.67. The company has a quick ratio of 1.28, a current ratio of 14.64 and a debt-to-equity ratio of 1.23. The stock has a market cap of $891.25 million, a PE ratio of -111.35, a price-to-earnings-growth ratio of 1.64 and a beta of 2.19. Beazer Homes USA has a fifty-two week low of $17.83 and a fifty-two week high of $34.54.

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

Hedge Funds Weigh In On Beazer Homes USA

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

About Beazer Homes USA

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.