Beazer Homes USA, Inc. (NYSE:BZH – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.80 and last traded at $29.2250, with a volume of 500690 shares traded. The stock had previously closed at $29.20.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on BZH. Weiss Ratings reissued a “sell (d)” rating on shares of Beazer Homes USA in a research note on Friday, June 26th. Wall Street Zen downgraded Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.50.
Read Our Latest Stock Analysis on Beazer Homes USA
Beazer Homes USA Stock Performance
Beazer Homes USA (NYSE:BZH – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.03) EPS 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 business had revenue of $409.85 million during the quarter, compared to the consensus estimate of $448.79 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The business’s revenue was down 27.5% on a year-over-year basis. On average, research analysts forecast that Beazer Homes USA, Inc. will post -0.41 EPS for the current fiscal year.
Hedge Funds Weigh In On Beazer Homes USA
Several institutional investors have recently added to or reduced their stakes in BZH. Jennison Associates LLC bought a new position in shares of Beazer Homes USA during the 4th quarter valued at approximately $1,039,000. JPMorgan Chase & Co. increased its position in Beazer Homes USA by 1,385.2% in the third quarter. JPMorgan Chase & Co. now owns 229,705 shares of the construction company’s stock worth $5,639,000 after purchasing an additional 214,239 shares during the last quarter. Quantbot Technologies LP bought a new stake in Beazer Homes USA in the third quarter worth $1,204,000. UBS Group AG raised its stake in Beazer Homes USA by 189.7% during the fourth quarter. UBS Group AG now owns 537,663 shares of the construction company’s stock valued at $10,898,000 after purchasing an additional 352,092 shares in the last quarter. Finally, Abacus Wealth Partners LLC purchased a new stake in Beazer Homes USA during the fourth quarter valued at $1,022,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.
About Beazer Homes USA
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.
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