Beazer Homes USA (NYSE:BZH) Stock Rating Reaffirmed by Wedbush

Wedbush restated their neutral rating on shares of Beazer Homes USA (NYSE:BZH) in a report released on Thursday, Marketbeat reports. Wedbush currently has a $33.00 price target on the construction company’s stock. Wedbush also issued estimates for Beazer Homes USA’s Q4 2024 earnings at $1.87 EPS and Q1 2025 earnings at $0.44 EPS.

Separately, StockNews.com upgraded Beazer Homes USA from a sell rating to a hold rating in a report on Friday, March 29th.

Beazer Homes USA Price Performance

Shares of BZH opened at $27.70 on Thursday. Beazer Homes USA has a 1 year low of $19.67 and a 1 year high of $35.93. The company has a debt-to-equity ratio of 0.88, a current ratio of 13.50 and a quick ratio of 1.32. The company has a market capitalization of $873.94 million, a price-to-earnings ratio of 5.35 and a beta of 2.25. The business has a 50-day moving average of $29.76 and a 200-day moving average of $29.59.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Wednesday, May 1st. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.35. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The company had revenue of $541.50 million during the quarter, compared to the consensus estimate of $569.88 million. During the same period last year, the company earned $1.13 earnings per share. The firm’s revenue was down .4% compared to the same quarter last year. As a group, equities research analysts anticipate that Beazer Homes USA will post 4.61 earnings per share for the current year.

Institutional Investors Weigh In On Beazer Homes USA

Hedge funds have recently added to or reduced their stakes in the business. Capstone Investment Advisors LLC grew its stake in Beazer Homes USA by 8.2% in the first quarter. Capstone Investment Advisors LLC now owns 7,071 shares of the construction company’s stock valued at $232,000 after acquiring an additional 533 shares during the period. Janney Montgomery Scott LLC grew its stake in Beazer Homes USA by 2.2% in the first quarter. Janney Montgomery Scott LLC now owns 77,945 shares of the construction company’s stock valued at $2,557,000 after acquiring an additional 1,682 shares during the period. BNP Paribas Financial Markets grew its stake in Beazer Homes USA by 28.1% in the first quarter. BNP Paribas Financial Markets now owns 30,917 shares of the construction company’s stock valued at $1,014,000 after acquiring an additional 6,773 shares during the period. Principal Financial Group Inc. grew its stake in Beazer Homes USA by 84.2% in the first quarter. Principal Financial Group Inc. now owns 18,734 shares of the construction company’s stock valued at $614,000 after acquiring an additional 8,563 shares during the period. Finally, Register Financial Advisors LLC grew its stake in Beazer Homes USA by 18.5% in the first quarter. Register Financial Advisors LLC now owns 56,656 shares of the construction company’s stock valued at $1,858,000 after acquiring an additional 8,847 shares during the period. 85.65% of the stock is currently owned by 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.