Beazer Homes USA (NYSE:BZH) Lowered to "Strong Sell" Rating by Wall Street Zen

Key Points

• Beazer Homes USA was downgraded by Wall Street Zen from “sell” to “strong sell”, adding to a mixed analyst picture that currently averages to a Hold rating with a $31.33 price target.
• The stock was trading around $18.72, near its 12-month low of $17.83 and well below its 50-day and 200-day moving averages, suggesting continued weakness in the shares.
• In its latest quarterly results, Beazer beat EPS expectations but posted revenue of $409.85 million, which came in below estimates and was down 27.5% from a year earlier.

Beazer Homes USA (NYSE:BZH - Get Free Report) was downgraded by Wall Street Zen from a "sell" rating to a "strong sell" rating in a research note issued on Sunday.

Several other analysts have also issued reports on the company. Weiss Ratings lowered Beazer Homes USA from a "hold (c)" rating to a "sell (d)" rating in a report on Friday, January 30th. Zacks Research raised Beazer Homes USA from a "strong sell" rating to a "hold" rating in a research report on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $31.33.

Beazer Homes USA Trading Up 0.5%

Shares of Beazer Homes USA stock opened at $18.72 on Friday. Beazer Homes USA has a 12-month low of $17.83 and a 12-month high of $28.33. The company has a 50-day simple moving average of $21.34 and a 200 day simple moving average of $22.36. The stock has a market capitalization of $511.64 million, a P/E ratio of -124.81, a price-to-earnings-growth ratio of 6.80 and a beta of 2.15. The company has a quick ratio of 1.32, a current ratio of 15.67 and a debt-to-equity ratio of 1.05.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.03) earnings per share (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 firm had revenue of $409.85 million for the quarter, compared to analyst estimates of $448.79 million. During the same period in the previous year, the business earned $0.42 EPS. The company's revenue was down 27.5% compared to the same quarter last year. Research analysts expect that Beazer Homes USA will post 0.23 earnings per share for the current fiscal year.

Institutional Trading of Beazer Homes USA

A number of hedge funds have recently made changes to their positions in BZH. State of Alaska Department of Revenue acquired a new stake in Beazer Homes USA during the 3rd quarter valued at $37,000. Royal Bank of Canada lifted its stake in shares of Beazer Homes USA by 93.9% during the 4th quarter. Royal Bank of Canada now owns 1,883 shares of the construction company's stock worth $38,000 after buying an additional 912 shares during the last quarter. Comerica Bank acquired a new stake in shares of Beazer Homes USA during the 3rd quarter worth about $48,000. Osaic Holdings Inc. boosted its holdings in shares of Beazer Homes USA by 454.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company's stock worth $47,000 after buying an additional 1,724 shares during the period. Finally, Aquatic Capital Management LLC acquired a new position in Beazer Homes USA in the 3rd quarter valued at about $70,000. 85.65% of the stock is owned by institutional investors and hedge funds.

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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