Beazer Homes USA (NYSE:BZH – Get Free Report) issued its quarterly earnings data on Thursday. The construction company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.41, Briefing.com reports. The company had revenue of $645.40 million during the quarter, compared to the consensus estimate of $627.29 million. Beazer Homes USA had a net margin of 7.94% and a return on equity of 18.66%. The firm’s revenue was down 22.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.82 earnings per share.
Beazer Homes USA Stock Down 8.0 %
Beazer Homes USA stock traded down $2.41 during mid-day trading on Friday, reaching $27.83. The stock had a trading volume of 287,444 shares, compared to its average volume of 359,759. The company has a market capitalization of $872.19 million, a price-to-earnings ratio of 4.45 and a beta of 2.33. The company has a 50-day moving average price of $25.51 and a two-hundred day moving average price of $25.86. Beazer Homes USA has a one year low of $12.29 and a one year high of $35.93. The company has a debt-to-equity ratio of 0.94, a current ratio of 15.28 and a quick ratio of 2.55.
Analyst Ratings Changes
Several equities research analysts recently issued reports on BZH shares. Wedbush raised shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and set a $32.00 price target on the stock in a report on Tuesday, October 10th. StockNews.com assumed coverage on shares of Beazer Homes USA in a report on Thursday, October 5th. They set a “hold” rating for the company. Zelman & Associates upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. B. Riley raised their price objective on shares of Beazer Homes USA from $28.00 to $38.00 in a research report on Friday, July 28th. Finally, Sidoti upgraded shares of Beazer Homes USA from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, August 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.33.
Institutional Investors Weigh In On Beazer Homes USA
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Apollo Management Holdings L.P. purchased a new position in shares of Beazer Homes USA during the first quarter valued at $21,323,000. AQR Capital Management LLC increased its position in shares of Beazer Homes USA by 140.0% in the fourth quarter. AQR Capital Management LLC now owns 519,290 shares of the construction company’s stock valued at $6,626,000 after buying an additional 302,939 shares in the last quarter. Norges Bank purchased a new stake in shares of Beazer Homes USA during the fourth quarter worth approximately $3,401,000. Marshall Wace LLP acquired a new position in Beazer Homes USA during the second quarter worth $7,411,000. Finally, Morgan Stanley boosted its stake in Beazer Homes USA by 47.2% during the third quarter. Morgan Stanley now owns 756,013 shares of the construction company’s stock worth $18,832,000 after buying an additional 242,243 shares during the last quarter. 79.07% of the stock is owned by hedge funds and other institutional investors.
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 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.
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