Beazer Homes USA, Inc. (NYSE:BZH) Receives $31.33 Average Price Target from Analysts

Beazer Homes USA, Inc. (NYSE:BZHGet Free Report) has been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $31.3333.

A number of research analysts have weighed in on BZH shares. Wall Street Zen cut shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Weiss Ratings lowered shares of Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, January 30th.

Check Out Our Latest Report on BZH

Beazer Homes USA Price Performance

Shares of NYSE BZH opened at $24.53 on Wednesday. The stock has a market capitalization of $670.40 million, a price-to-earnings ratio of -163.53 and a beta of 2.15. Beazer Homes USA has a 12 month low of $17.83 and a 12 month high of $28.33. The firm’s 50 day simple moving average is $21.30 and its 200-day simple moving average is $22.36. The company has a debt-to-equity ratio of 1.05, a current ratio of 15.67 and a quick ratio of 1.32.

Beazer Homes USA (NYSE:BZHGet Free Report) last posted its earnings results on Thursday, April 30th. The construction company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.69. Beazer Homes USA had a negative net margin of 0.18% and a positive return on equity of 0.99%. The firm had revenue of $409.85 million during the quarter, compared to analyst estimates of $448.79 million. During the same period in the previous year, the firm earned $0.42 EPS. The business’s quarterly revenue was down 27.5% on a year-over-year basis. Analysts expect that Beazer Homes USA will post -0.41 EPS for the current year.

Institutional Trading of Beazer Homes USA

Several institutional investors have recently bought and sold shares of the business. UBS Group AG increased its position in shares of Beazer Homes USA by 189.7% in the fourth quarter. UBS Group AG now owns 537,663 shares of the construction company’s stock valued at $10,898,000 after buying an additional 352,092 shares in the last quarter. Millennium Management LLC lifted its position in shares of Beazer Homes USA by 928.5% during the 3rd quarter. Millennium Management LLC now owns 376,183 shares of the construction company’s stock valued at $9,235,000 after buying an additional 339,607 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Beazer Homes USA by 1,385.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 229,705 shares of the construction company’s stock valued at $5,639,000 after acquiring an additional 214,239 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Beazer Homes USA by 22.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 678,471 shares of the construction company’s stock valued at $13,753,000 after acquiring an additional 122,606 shares during the period. Finally, Empowered Funds LLC increased its holdings in Beazer Homes USA by 555.9% in the 1st quarter. Empowered Funds LLC now owns 141,377 shares of the construction company’s stock worth $2,720,000 after acquiring an additional 119,822 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

About Beazer Homes USA

(Get Free Report)

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.

Further Reading

Analyst Recommendations for Beazer Homes USA (NYSE:BZH)

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.