Weiss Ratings Reiterates "Hold (C-)" Rating for Beazer Homes USA (NYSE:BZH)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C-)" rating for Beazer Homes USA (NYSE:BZH), indicating a cautious outlook on the stock.
• Beazer Homes USA's stock rose by 0.2%, reaching $23.01, with analysts giving an average price target of $31.33.
• The company recently reported a quarterly earnings miss, with an EPS of $0.26 compared to the expected $0.42, and revenue down 8.4% year-over-year.

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

Several other equities research analysts have also commented on the stock. Wedbush reaffirmed an "outperform" rating and set a $41.00 price target on shares of Beazer Homes USA in a research report on Friday, August 1st. B. Riley started coverage on Beazer Homes USA in a research report on Monday, June 30th. They set a "neutral" rating and a $23.00 target price for the company. Oppenheimer reiterated an "outperform" rating and set a $30.00 target price (down from $33.00) on shares of Beazer Homes USA in a research report on Monday, August 4th. Finally, Zacks Research upgraded Beazer Homes USA from a "strong sell" rating to a "hold" rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. 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 Up 0.2%

Shares of BZH stock traded up $0.05 during mid-day trading on Wednesday, reaching $23.01. 306,760 shares of the company's stock traded hands, compared to its average volume of 398,215. Beazer Homes USA has a 12 month low of $17.37 and a 12 month high of $38.22. The company has a market cap of $684.09 million, a P/E ratio of 10.46, a P/E/G ratio of 0.64 and a beta of 2.17. The company has a quick ratio of 0.91, a current ratio of 13.33 and a debt-to-equity ratio of 0.94. The company's 50-day moving average price is $24.79 and its 200-day moving average price is $22.62.

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

Institutional Investors Weigh In On Beazer Homes USA

Several institutional investors have recently added to or reduced their stakes in BZH. GAMMA Investing LLC boosted its holdings in Beazer Homes USA by 5,863.8% in the first quarter. GAMMA Investing LLC now owns 17,474 shares of the construction company's stock worth $356,000 after acquiring an additional 17,181 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Beazer Homes USA by 0.5% in the first quarter. Assenagon Asset Management S.A. now owns 192,951 shares of the construction company's stock worth $3,934,000 after acquiring an additional 872 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Beazer Homes USA during the first quarter worth about $99,000. Janney Montgomery Scott LLC lifted its holdings in shares of Beazer Homes USA by 17.3% during the first quarter. Janney Montgomery Scott LLC now owns 30,165 shares of the construction company's stock worth $615,000 after purchasing an additional 4,438 shares during the period. Finally, Jamison Private Wealth Management Inc. raised its holdings in shares of Beazer Homes USA by 5.3% during the first quarter. Jamison Private Wealth Management Inc. now owns 82,680 shares of the construction company's stock worth $1,686,000 after purchasing an additional 4,125 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

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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