Beazer Homes USA's (BZH) Hold (C-) Rating Reaffirmed at Weiss Ratings

Key Points

• Beazer Homes USA's stock rating was reaffirmed as a "hold (C-)" by Weiss Ratings, with current analysts giving it a consensus rating of "Hold" and an average price target of $31.33.
• The company's latest earnings report showed a miss with earnings per share at $0.26, falling short of the expected $0.42, alongside a revenue drop of 8.4% year-over-year.
• Recent changes in institutional investments indicate increased interest, with significant stakes acquired by firms such as Osaic Holdings and State of Alaska Department of Revenue.

Beazer Homes USA (NYSE:BZH - Get Free Report)'s stock had its "hold (c-)" rating restated by stock analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

BZH has been the subject of several other reports. Wedbush restated an "outperform" rating and set a $41.00 price objective on shares of Beazer Homes USA in a research report on Friday, August 1st. B. Riley began coverage on shares of Beazer Homes USA in a research report on Monday, June 30th. They set a "neutral" rating and a $23.00 price objective for the company. Oppenheimer restated an "outperform" rating and set a $30.00 price objective (down from $33.00) on shares of Beazer Homes USA in a research report on Monday, August 4th. Finally, Zacks Research upgraded shares of Beazer Homes USA from a "strong sell" rating to a "hold" rating in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $31.33.

Beazer Homes USA Stock Performance

NYSE:BZH traded up $0.17 during mid-day trading on Friday, hitting $24.16. The stock had a trading volume of 228,183 shares, compared to its average volume of 392,182. Beazer Homes USA has a twelve month low of $17.37 and a twelve month high of $38.22. The stock has a market cap of $718.12 million, a price-to-earnings ratio of 10.98, a PEG ratio of 0.62 and a beta of 2.17. The company's 50 day simple moving average is $24.65 and its 200 day simple moving average is $22.79. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.91 and a current ratio of 13.33.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.16). The firm had revenue of $545.37 million during the quarter, compared to analyst estimates of $565.47 million. Beazer Homes USA had a net margin of 2.84% and a return on equity of 6.16%. The company's revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.88 earnings per share. On average, equities research analysts forecast that Beazer Homes USA will post 3.48 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in shares of Beazer Homes USA during the third quarter worth approximately $37,000. Osaic Holdings Inc. increased its stake in 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 acquiring an additional 1,724 shares during the last quarter. US Bancorp DE increased its stake in Beazer Homes USA by 48.1% in the first quarter. US Bancorp DE now owns 2,523 shares of the construction company's stock valued at $51,000 after acquiring an additional 819 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Beazer Homes USA by 123.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company's stock valued at $78,000 after acquiring an additional 1,933 shares during the last quarter. Finally, State of Wyoming bought a new position in Beazer Homes USA in the second quarter valued at approximately $89,000. 85.65% of the stock is owned by institutional investors.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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