Beazer Homes USA, Inc. (BZH) Bonds Trading 2.2% Lower

An issue of Beazer Homes USA, Inc. (NYSE:BZH) bonds fell 2.2% as a percentage of their face value during trading on Thursday. The high-yield debt issue has a 5.875% coupon and is set to mature on October 15, 2027. The bonds in the issue are now trading at $99.75 and were trading at $99.50 one week ago. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.

Several analysts recently issued reports on BZH shares. ValuEngine downgraded shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Friday, September 1st. J P Morgan Chase & Co raised shares of Beazer Homes USA from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $14.50 to $21.00 in a report on Thursday, September 14th. Zacks Investment Research downgraded shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Wedbush downgraded shares of Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $16.50.

Beazer Homes USA, Inc. (BZH) traded down 2.41% during mid-day trading on Thursday, hitting $19.47. 380,633 shares of the company traded hands. The company’s 50-day moving average is $18.19 and its 200-day moving average is $14.86. The stock’s market capitalization is $622.48 million. Beazer Homes USA, Inc. has a one year low of $9.67 and a one year high of $20.42.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Tuesday, August 1st. The construction company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The business had revenue of $478.59 million for the quarter, compared to the consensus estimate of $470.98 million. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share. Analysts predict that Beazer Homes USA, Inc. will post $0.79 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of Beazer Homes USA in the first quarter valued at $114,000. Bayesian Capital Management LP acquired a new position in shares of Beazer Homes USA in the second quarter valued at $190,000. Neuberger Berman Group LLC increased its holdings in shares of Beazer Homes USA by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock valued at $201,000 after purchasing an additional 118 shares during the last quarter. First Quadrant L P CA acquired a new position in shares of Beazer Homes USA in the third quarter valued at $278,000. Finally, CAPROCK Group Inc. acquired a new position in shares of Beazer Homes USA in the third quarter valued at $300,000. Institutional investors and hedge funds own 81.32% of the company’s stock.

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Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.

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