Shares of Beazer Homes USA, Inc. (NYSE:BZH – Get Free Report) have been assigned a consensus rating of “Hold” from the four brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the company.
Several analysts recently weighed in on the company. Weiss Ratings raised Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 26th. Zacks Research upgraded Beazer Homes USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Oppenheimer downgraded shares of Beazer Homes USA from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. Finally, Texas Capital lowered shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th.
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Beazer Homes USA Stock Performance
Beazer Homes USA (NYSE:BZH – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The construction company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.18. The firm had revenue of $516.31 million for the quarter, compared to analysts’ expectations of $510.55 million. Beazer Homes USA had a negative net margin of 0.37% and a positive return on equity of 0.18%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. Analysts forecast that Beazer Homes USA will post -0.67 EPS for the current fiscal year.
Hedge Funds Weigh In On Beazer Homes USA
A number of large investors have recently bought and sold shares of BZH. Donald Smith & CO. Inc. acquired a new position in Beazer Homes USA during the 2nd quarter valued at approximately $78,938,000. Dimensional Fund Advisors LP increased its position in Beazer Homes USA by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company’s stock worth $19,236,000 after buying an additional 51,284 shares during the period. Governors Lane LP bought a new stake in Beazer Homes USA in the second quarter valued at $6,097,000. Empowered Funds LLC lifted its stake in Beazer Homes USA by 555.9% in the first quarter. Empowered Funds LLC now owns 141,377 shares of the construction company’s stock valued at $2,720,000 after buying an additional 119,822 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. boosted its holdings in shares of Beazer Homes USA by 31.5% during the first quarter. Jamison Private Wealth Management Inc. now owns 104,498 shares of the construction company’s stock valued at $2,011,000 after acquiring an additional 25,044 shares during the period. Institutional investors own 85.65% of the company’s stock.
Beazer Homes USA Company Profile
Beazer Homes USA, Inc is a residential construction company that designs, builds, markets and sells single-family homes. Its communities generally offer newly constructed homes in a range of floor plans, sizes and price points, with features and options intended to meet the needs of first-time, move-up and other homebuyers.
The company also acquires and develops residential land and provides related services that support the homebuying process. Through affiliated operations, Beazer may offer mortgage origination and other closing-related services to eligible customers.
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