Beazer Homes USA (NYSE:BZH) Downgraded by StockNews.com

Beazer Homes USA (NYSE:BZH) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Separately, Wedbush reiterated a “neutral” rating and issued a $33.00 price target on shares of Beazer Homes USA in a research note on Thursday.

Beazer Homes USA Stock Up 2.6 %

BZH stock opened at $27.70 on Friday. The business’s 50-day moving average price is $29.76 and its 200-day moving average price is $29.55. The stock has a market cap of $873.94 million, a P/E ratio of 5.35 and a beta of 2.25. Beazer Homes USA has a twelve month low of $19.67 and a twelve month high of $35.93. The company has a quick ratio of 1.32, a current ratio of 13.50 and a debt-to-equity ratio of 0.88.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.35. The business had revenue of $541.50 million for the quarter, compared to the consensus estimate of $569.88 million. Beazer Homes USA had a net margin of 7.48% and a return on equity of 13.97%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 earnings per share. On average, equities research analysts forecast that Beazer Homes USA will post 4.61 EPS for the current year.

Institutional Investors Weigh In On Beazer Homes USA

A number of institutional investors have recently added to or reduced their stakes in the stock. DGS Capital Management LLC boosted its position in shares of Beazer Homes USA by 4.1% during the first quarter. DGS Capital Management LLC now owns 9,817 shares of the construction company’s stock worth $322,000 after acquiring an additional 386 shares during the last quarter. Capstone Investment Advisors LLC lifted its stake in Beazer Homes USA by 8.2% in the 1st quarter. Capstone Investment Advisors LLC now owns 7,071 shares of the construction company’s stock worth $232,000 after purchasing an additional 533 shares in the last quarter. Barclays PLC boosted its holdings in shares of Beazer Homes USA by 1.7% during the 3rd quarter. Barclays PLC now owns 33,188 shares of the construction company’s stock valued at $827,000 after purchasing an additional 559 shares during the last quarter. Swiss National Bank grew its position in shares of Beazer Homes USA by 1.0% during the third quarter. Swiss National Bank now owns 62,100 shares of the construction company’s stock valued at $1,547,000 after purchasing an additional 600 shares in the last quarter. Finally, Jump Financial LLC increased its holdings in shares of Beazer Homes USA by 1.6% in the third quarter. Jump Financial LLC now owns 49,277 shares of the construction company’s stock worth $1,227,000 after purchasing an additional 776 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

About Beazer Homes USA

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.