Beazer Homes USA (NYSE:BZH) Reaches New 12-Month Low - Here's What Happened

Key Points

• Shares hit a new 52-week low, trading as low as $18.45 and last around $18.22, a drop of roughly 12.4% on heightened volume.
• Beazer reported quarterly EPS of ($0.03), which beat the ($0.72) consensus, but revenue fell 27.5% year-over-year to $409.85 million and the company shows a negative net margin and negative P/E.
• Analysts are mixed—two Buys, two Holds and one Sell—resulting in a consensus "Hold" and an average target price of $31.33, with several recent rating changes in both directions.

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $18.45 and last traded at $18.2240, with a volume of 300770 shares trading hands. The stock had previously closed at $20.63.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BZH shares. Wall Street Zen raised Beazer Homes USA from a "strong sell" rating to a "sell" rating in a research report on Saturday. Zacks Research raised Beazer Homes USA from a "strong sell" rating to a "hold" rating in a research report on Friday, January 16th. Finally, Weiss Ratings lowered Beazer Homes USA from a "hold (c)" rating to a "sell (d)" rating in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Beazer Homes USA currently has a consensus rating of "Hold" and an average target price of $31.33.

Beazer Homes USA Stock Down 12.4%

The company has a 50-day moving average of $21.82 and a 200-day moving average of $22.45. The company has a market capitalization of $533.04 million, a price-to-earnings ratio of -120.43, a price-to-earnings-growth ratio of 1.71 and a beta of 2.15. The company has a current ratio of 15.67, a quick ratio of 1.32 and a debt-to-equity ratio of 1.05.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its 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 positive return on equity of 0.99% and a negative net margin of 0.18%.The company had revenue of $409.85 million for the quarter, compared to analyst estimates of $448.79 million. During the same period in the prior year, the company posted $0.42 EPS. The firm's quarterly revenue was down 27.5% compared to the same quarter last year. On average, equities analysts predict that Beazer Homes USA, Inc. will post 1.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in shares of Beazer Homes USA in the third quarter valued at about $37,000. Royal Bank of Canada increased its holdings in shares of Beazer Homes USA by 93.9% in the fourth quarter. Royal Bank of Canada now owns 1,883 shares of the construction company's stock valued at $38,000 after purchasing an additional 912 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Beazer Homes USA by 454.9% in the second quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company's stock valued at $47,000 after purchasing an additional 1,724 shares during the period. Comerica Bank acquired a new position in shares of Beazer Homes USA in the third quarter valued at about $48,000. Finally, Aquatic Capital Management LLC acquired a new position in shares of Beazer Homes USA in the third quarter valued at about $70,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Beazer Homes USA Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.