Beazer Homes USA (NYSE:BZH) Shares Down 4.6%

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) shares fell 4.6% during trading on Tuesday . The company traded as low as $26.06 and last traded at $26.27. 297,415 shares were traded during mid-day trading, a decline of 6% from the average session volume of 315,823 shares. The stock had previously closed at $27.54.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BZH. StockNews.com raised Beazer Homes USA from a "sell" rating to a "hold" rating in a research note on Friday, March 29th. Wedbush boosted their price objective on Beazer Homes USA from $32.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, February 2nd.

Beazer Homes USA Stock Down 4.1 %

The company has a current ratio of 13.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $833.24 million, a price-to-earnings ratio of 5.23 and a beta of 2.24. The stock has a fifty day moving average of $30.32 and a 200-day moving average of $29.26.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its earnings results on Thursday, February 1st. The construction company reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.01). The company had revenue of $386.80 million during the quarter, compared to analyst estimates of $420.71 million. Beazer Homes USA had a return on equity of 14.09% and a net margin of 7.26%. The business's revenue was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. As a group, sell-side analysts expect that Beazer Homes USA, Inc. will post 4.66 EPS for the current year.

Hedge Funds Weigh In On Beazer Homes USA

A number of hedge funds have recently modified their holdings of BZH. USA Financial Formulas grew its holdings in shares of Beazer Homes USA by 4,947.1% during the fourth quarter. USA Financial Formulas now owns 858 shares of the construction company's stock valued at $29,000 after buying an additional 841 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Beazer Homes USA by 83.4% during the third quarter. Tower Research Capital LLC TRC now owns 3,007 shares of the construction company's stock valued at $29,000 after buying an additional 1,367 shares in the last quarter. BluePath Capital Management LLC purchased a new position in shares of Beazer Homes USA during the third quarter valued at $31,000. Great West Life Assurance Co. Can purchased a new position in shares of Beazer Homes USA during the second quarter valued at $31,000. Finally, Dark Forest Capital Management LP purchased a new position in shares of Beazer Homes USA during the first quarter valued at $31,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

About Beazer Homes USA

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.