Beazer Homes USA (NYSE:BZH) Shares Down 4.6%

Beazer Homes USA, Inc. (NYSE:BZH)’s share price was down 4.6% on Tuesday . The company traded as low as $26.06 and last traded at $26.27. Approximately 297,415 shares traded hands during trading, a decline of 6% from the average daily volume of 315,823 shares. The stock had previously closed at $27.54.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wedbush raised their price target on shares of Beazer Homes USA from $32.00 to $33.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. StockNews.com upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Friday, March 29th.

Beazer Homes USA Stock Performance

The company has a 50 day simple moving average of $30.27 and a 200-day simple moving average of $29.24. The stock has a market capitalization of $813.67 million, a P/E ratio of 5.16 and a beta of 2.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 13.95 and a quick ratio of 1.32.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, February 1st. The construction company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.01). The firm had revenue of $386.80 million during the quarter, compared to the consensus estimate of $420.71 million. Beazer Homes USA had a net margin of 7.26% and a return on equity of 14.09%. The firm’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share. On average, equities analysts forecast that Beazer Homes USA, Inc. will post 4.66 EPS for the current year.

Institutional Trading of Beazer Homes USA

A number of large investors have recently modified their holdings of the business. Register Financial Advisors LLC boosted its holdings in shares of Beazer Homes USA by 18.5% in the 1st quarter. Register Financial Advisors LLC now owns 56,656 shares of the construction company’s stock worth $1,858,000 after purchasing an additional 8,847 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Beazer Homes USA in the 1st quarter worth about $660,000. DGS Capital Management LLC raised its position in shares of Beazer Homes USA by 4.1% in the 1st quarter. DGS Capital Management LLC now owns 9,817 shares of the construction company’s stock worth $322,000 after purchasing an additional 386 shares during the last quarter. Vanguard Group Inc. boosted its stake in Beazer Homes USA by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 2,359,055 shares of the construction company’s stock worth $79,712,000 after purchasing an additional 164,076 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Beazer Homes USA by 5.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,837 shares of the construction company’s stock valued at $569,000 after purchasing an additional 880 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

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.