Beazer Homes USA, Inc. (NYSE:BZH) shares reached a new 52-week low on Thursday . The company traded as low as $9.75 and last traded at $9.84, with a volume of 24606 shares trading hands. The stock had previously closed at $10.09.
A number of research analysts have recently weighed in on the company. ValuEngine raised Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. Zacks Investment Research cut shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. JPMorgan Chase & Co. cut shares of Beazer Homes USA from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $18.00 to $13.00 in a research report on Friday, September 21st. Wedbush lowered their price objective on shares of Beazer Homes USA from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, September 26th. Finally, Credit Suisse Group lowered their price objective on shares of Beazer Homes USA from $16.00 to $13.00 and set a “hold” rating for the company in a research report on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Beazer Homes USA currently has an average rating of “Hold” and an average price target of $15.25.
The company has a current ratio of 13.59, a quick ratio of 1.23 and a debt-to-equity ratio of 2.28. The stock has a market cap of $353.58 million, a P/E ratio of 6.40 and a beta of 2.49.
Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Thursday, July 26th. The construction company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. Beazer Homes USA had a negative net margin of 3.59% and a positive return on equity of 10.99%. The business had revenue of $511.52 million during the quarter, compared to analysts’ expectations of $512.33 million. During the same quarter in the prior year, the company earned $0.22 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts forecast that Beazer Homes USA, Inc. will post 1.75 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY increased its position in shares of Beazer Homes USA by 405.4% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 10,547 shares of the construction company’s stock valued at $156,000 after buying an additional 8,460 shares in the last quarter. We Are One Seven LLC bought a new position in Beazer Homes USA during the 3rd quarter worth about $139,000. Paloma Partners Management Co bought a new position in Beazer Homes USA during the 2nd quarter worth about $265,000. NJ State Employees Deferred Compensation Plan bought a new position in Beazer Homes USA during the 2nd quarter worth about $295,000. Finally, A.R.T. Advisors LLC bought a new position in Beazer Homes USA during the 1st quarter worth about $400,000. Institutional investors and hedge funds own 85.87% of the company’s stock.
About Beazer Homes USA (NYSE:BZH)
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.
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