Beazer Homes USA (BZH) Trading Down 6%

Beazer Homes USA (NYSE:BZH) was down 6% during mid-day trading on Tuesday . The stock traded as low as $14.27 and last traded at $14.38. Approximately 672,285 shares were traded during trading, an increase of 12% from the average daily volume of 601,101 shares. The stock had previously closed at $15.29.

Several equities research analysts have recently issued reports on BZH shares. Zacks Investment Research upgraded Beazer Homes USA from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Friday, May 4th. ValuEngine upgraded Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Thursday, May 3rd. TheStreet cut Beazer Homes USA from a “b-” rating to a “c-” rating in a report on Wednesday, February 7th. Credit Suisse Group set a $16.00 price objective on Beazer Homes USA and gave the stock a “hold” rating in a report on Thursday, May 3rd. Finally, JMP Securities upgraded Beazer Homes USA from an “underperform” rating to a “market perform” rating in a report on Monday, February 12th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $19.25.

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The firm has a market cap of $524.26 million, a price-to-earnings ratio of 9.34 and a beta of 2.55. The company has a debt-to-equity ratio of 2.34, a current ratio of 16.04 and a quick ratio of 1.72.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Wednesday, May 2nd. The construction company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.20. Beazer Homes USA had a positive return on equity of 9.71% and a negative net margin of 3.97%. The firm had revenue of $455.20 million for the quarter, compared to analysts’ expectations of $439.15 million. During the same quarter last year, the firm earned ($0.23) earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. research analysts expect that Beazer Homes USA will post 2.07 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC boosted its holdings in Beazer Homes USA by 197.0% in the first quarter. Cubist Systematic Strategies LLC now owns 25,326 shares of the construction company’s stock valued at $404,000 after acquiring an additional 16,800 shares during the last quarter. A.R.T. Advisors LLC acquired a new position in Beazer Homes USA in the first quarter valued at $400,000. Hillsdale Investment Management Inc. boosted its holdings in Beazer Homes USA by 10.7% in the first quarter. Hillsdale Investment Management Inc. now owns 67,400 shares of the construction company’s stock valued at $1,075,000 after acquiring an additional 6,500 shares during the last quarter. Quantbot Technologies LP boosted its holdings in Beazer Homes USA by 73.0% in the first quarter. Quantbot Technologies LP now owns 36,772 shares of the construction company’s stock valued at $586,000 after acquiring an additional 15,514 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Beazer Homes USA by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 698,724 shares of the construction company’s stock valued at $11,145,000 after acquiring an additional 6,623 shares during the last quarter. Hedge funds and other institutional investors own 93.11% 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 brand name. 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.