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

Beazer Homes USA (NYSE:BZHGet Free Report) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

Separately, Wedbush raised their target price on shares of Beazer Homes USA from $32.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.67.

Read Our Latest Stock Report on BZH

Beazer Homes USA Price Performance

Beazer Homes USA stock traded down $0.57 during trading hours on Monday, hitting $29.24. 585,733 shares of the company traded hands, compared to its average volume of 350,314. The firm has a market cap of $922.52 million, a P/E ratio of 5.79 and a beta of 2.26. The company has a quick ratio of 1.32, a current ratio of 13.95 and a debt-to-equity ratio of 0.87. The firm’s 50-day simple moving average is $31.21 and its two-hundred day simple moving average is $28.78. Beazer Homes USA has a 1-year low of $13.56 and a 1-year high of $35.93.

Beazer Homes USA (NYSE:BZHGet Free Report) last released its earnings results on Thursday, February 1st. The construction company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.01). The company had revenue of $386.80 million for the quarter, compared to analyst estimates of $420.71 million. Beazer Homes USA had a net margin of 7.26% and a return on equity of 14.09%. The firm’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 EPS. As a group, analysts forecast that Beazer Homes USA will post 4.62 earnings per share for the current fiscal year.

Institutional Trading of Beazer Homes USA

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in Beazer Homes USA by 107.3% in the first quarter. JPMorgan Chase & Co. now owns 264,624 shares of the construction company’s stock valued at $4,027,000 after acquiring an additional 136,954 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Beazer Homes USA by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 167,312 shares of the construction company’s stock valued at $2,547,000 after purchasing an additional 3,073 shares during the period. MetLife Investment Management LLC increased its holdings in Beazer Homes USA by 54.6% in the 1st quarter. MetLife Investment Management LLC now owns 16,908 shares of the construction company’s stock valued at $257,000 after buying an additional 5,973 shares during the period. Cibc World Market Inc. bought a new stake in Beazer Homes USA in the 1st quarter valued at $196,000. Finally, Dimensional Fund Advisors LP increased its holdings in Beazer Homes USA by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,013,201 shares of the construction company’s stock valued at $15,422,000 after buying an additional 5,052 shares during the period. 79.07% of the stock is currently owned by institutional investors and hedge funds.

Beazer Homes USA Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Beazer Homes USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazer Homes USA and related companies with MarketBeat.com's FREE daily email newsletter.