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 on Friday.

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

Beazer Homes USA Stock Up 2.5 %

Shares of BZH traded up $0.68 during midday trading on Friday, reaching $27.69. 541,536 shares of the stock were exchanged, compared to its average volume of 336,249. The company has a market cap of $873.62 million, a price-to-earnings ratio of 5.35 and a beta of 2.25. The firm has a 50 day simple moving average of $29.79 and a 200-day simple moving average of $29.47. Beazer Homes USA has a 12-month low of $19.67 and a 12-month high of $35.93. The company has a quick ratio of 1.32, a current ratio of 13.95 and a debt-to-equity ratio of 0.87.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.35. Beazer Homes USA had a net margin of 7.48% and a return on equity of 14.20%. The firm had revenue of $541.50 million during the quarter, compared to analysts’ expectations of $569.88 million. During the same period in the previous year, the company earned $1.13 earnings per share. The company’s revenue was down .4% compared to the same quarter last year. Research analysts forecast that Beazer Homes USA will post 4.66 EPS for the current year.

Hedge Funds Weigh In On Beazer Homes USA

A number of institutional investors have recently modified their holdings of the company. USA Financial Formulas boosted its holdings in shares of Beazer Homes USA by 4,947.1% during the 4th quarter. USA Financial Formulas now owns 858 shares of the construction company’s stock worth $29,000 after buying an additional 841 shares during the period. BluePath Capital Management LLC acquired a new position in shares of Beazer Homes USA in the 3rd quarter valued at $31,000. AJOVista LLC bought a new position in Beazer Homes USA during the 4th quarter valued at about $37,000. Aigen Investment Management LP acquired a new position in Beazer Homes USA in the fourth quarter valued at about $201,000. Finally, Belpointe Asset Management LLC bought a new stake in Beazer Homes USA during the fourth quarter worth about $207,000. 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.