Beazer Homes USA (NYSE:BZH) Stock Price Down 6.4% - What's Next?

Key Points

• Shares fell 6.4% to about $20.22 on Friday on very light trading—64,041 shares changed hands, roughly an 86% drop from the average daily volume of 455,266.
• Analyst sentiment is mixed-to-negative after recent downgrades (including Wall Street Zen and Weiss), but the consensus rating remains "Hold" with an average price target of $31.33.
• Beazer reported an EPS beat of ($0.03) vs. ($0.72) expected but revenue plunged 27.5% year-over-year to $409.85 million; the stock trades at a high P/E (~67.98) with a market cap near $600 million.

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) traded down 6.4% during trading on Friday . The company traded as low as $19.82 and last traded at $20.2150. 64,041 shares changed hands during trading, a decline of 86% from the average session volume of 455,266 shares. The stock had previously closed at $21.59.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen downgraded shares of Beazer Homes USA from a "hold" rating to a "strong sell" rating in a research report on Saturday, January 31st. Weiss Ratings downgraded shares of Beazer Homes USA from a "hold (c)" rating to a "sell (d)" rating in a research report on Friday, January 30th. Finally, Zacks Research raised shares of 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.com, the stock currently has a consensus rating of "Hold" and an average price target of $31.33.

Beazer Homes USA Stock Performance

The business's 50-day moving average price is $21.82 and its 200-day moving average price is $22.45. The company has a current ratio of 19.62, a quick ratio of 1.81 and a debt-to-equity ratio of 0.94. The stock has a market cap of $599.94 million, a PE ratio of 67.98, a P/E/G ratio of 1.75 and a beta of 2.21.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.72) by $0.69. Beazer Homes USA had a net margin of 0.44% and a return on equity of 2.11%. The firm had revenue of $409.85 million for the quarter, compared to the consensus estimate of $448.79 million. During the same quarter in the previous year, the firm earned $0.42 EPS. The company's quarterly revenue was down 27.5% compared to the same quarter last year. As a group, equities research analysts expect that Beazer Homes USA, Inc. will post 1.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. First Eagle Investment Management LLC grew its position in shares of Beazer Homes USA by 0.8% in the 4th quarter. First Eagle Investment Management LLC now owns 701,437 shares of the construction company's stock worth $14,218,000 after buying an additional 5,500 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of 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 worth $13,753,000 after buying an additional 122,606 shares during the last quarter. UBS Group AG grew its position in shares of Beazer Homes USA by 189.7% in the 4th quarter. UBS Group AG now owns 537,663 shares of the construction company's stock worth $10,898,000 after buying an additional 352,092 shares during the last quarter. Winslow Asset Management Inc. grew its position in shares of Beazer Homes USA by 1.0% in the 4th quarter. Winslow Asset Management Inc. now owns 493,583 shares of the construction company's stock worth $10,005,000 after buying an additional 4,678 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Beazer Homes USA by 928.5% in the 3rd quarter. Millennium Management LLC now owns 376,183 shares of the construction company's stock worth $9,235,000 after buying an additional 339,607 shares during the last quarter. 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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