Beazer Homes USA, Inc. (NYSE:BZH) Stock Rated "Reduce" by Wall Street Analysts

Key Points

• Wall Street’s consensus rating is “Reduce”: Of the four analysts covering Beazer Homes USA, one recommends selling and three recommend holding. Recent firms have downgraded the stock from bullish ratings to hold or market perform.
• Institutional ownership is substantial: Institutional investors own 85.65% of the company, with several firms recently initiating or increasing positions, including Donald Smith & Co. and Governors Lane.
• Quarterly results beat expectations but remained weak: Beazer reported a loss of $0.16 per share versus the expected $0.34 loss, while revenue reached $516.31 million, down 5.3% year over year. Analysts expect a full-year loss of $0.67 per share.

Shares of Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) have earned a consensus rating of "Reduce" from the four ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and three have given a hold rating to the company.

A number of analysts have weighed in on the company. Zacks Research cut Beazer Homes USA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 1st. Weiss Ratings upgraded Beazer Homes USA from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 26th. Texas Capital lowered Beazer Homes USA from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. Finally, Oppenheimer lowered Beazer Homes USA from an "outperform" rating to a "market perform" rating in a report on Friday, August 7th.

Institutional Investors Weigh In On Beazer Homes USA

Large investors have recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. bought a new stake in Beazer Homes USA in the 2nd quarter valued at $78,938,000. Governors Lane LP bought a new position in shares of Beazer Homes USA during the 2nd quarter worth about $6,097,000. Empowered Funds LLC increased its holdings in shares of Beazer Homes USA by 555.9% during the 1st quarter. Empowered Funds LLC now owns 141,377 shares of the construction company's stock worth $2,720,000 after purchasing an additional 119,822 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Beazer Homes USA during the 2nd quarter worth about $2,364,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Beazer Homes USA by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company's stock valued at $19,236,000 after buying an additional 51,284 shares during the last quarter. Institutional investors own 85.65% of the company's stock.

Beazer Homes USA Stock Up 0.0%

BZH stock opened at $33.48 on Friday. The company has a current ratio of 14.64, a quick ratio of 1.28 and a debt-to-equity ratio of 1.23. Beazer Homes USA has a 1 year low of $17.83 and a 1 year high of $34.54. The company has a fifty day simple moving average of $33.32 and a 200 day simple moving average of $29.11. The firm has a market cap of $893.38 million, a PE ratio of -111.62, a PEG ratio of 1.64 and a beta of 2.19.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The construction company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.34) by $0.18. The firm had revenue of $516.31 million during the quarter, compared to analysts' expectations of $510.55 million. Beazer Homes USA had a negative net margin of 0.37% and a positive return on equity of 0.18%. Beazer Homes USA's revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. Sell-side analysts anticipate that Beazer Homes USA will post -0.67 EPS for the current fiscal year.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a residential homebuilder headquartered in Atlanta, Georgia. The company designs, constructs and sells single-family homes for first-time, move-up and active-adult buyers, offering homes in a range of sizes, styles and price points. Its communities typically include features such as energy-efficient construction, modern floor plans and opportunities for buyers to personalize finishes and options.

Beazer operates through regional divisions in selected markets across the United States, including areas in the Southeast, Mid-Atlantic, Texas, the Southwest and other high-growth metropolitan regions.

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.