Beazer Homes USA (BZH) Stock Price Down 0.1%

Shares of Beazer Homes USA, Inc. (NYSE:BZH) were down 0.1% during trading on Monday . The stock traded as low as $11.02 and last traded at $11.10. Approximately 20,528 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 450,611 shares. The stock had previously closed at $11.11.

Several analysts recently commented on BZH shares. ValuEngine upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Zacks Investment Research lowered Beazer Homes USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Finally, JPMorgan Chase & Co. lowered Beazer Homes USA from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $18.00 to $13.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.50.

The company has a quick ratio of 1.23, a current ratio of 13.59 and a debt-to-equity ratio of 2.28. The company has a market cap of $377.15 million, a PE ratio of 7.19 and a beta of 2.47.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Thursday, July 26th. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $511.52 million during the quarter, compared to analyst estimates of $512.33 million. Beazer Homes USA had a positive return on equity of 10.99% and a negative net margin of 3.59%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $0.22 EPS. sell-side analysts predict that Beazer Homes USA, Inc. will post 1.75 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of BZH. Metropolitan Life Insurance Co. NY boosted its stake in Beazer Homes USA by 405.4% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 10,547 shares of the construction company’s stock valued at $156,000 after purchasing an additional 8,460 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Beazer Homes USA during the 2nd quarter worth $265,000. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Beazer Homes USA during the 2nd quarter worth $295,000. A.R.T. Advisors LLC bought a new stake in shares of Beazer Homes USA during the 1st quarter worth $400,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Beazer Homes USA by 197.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 25,326 shares of the construction company’s stock worth $404,000 after acquiring an additional 16,800 shares in the last quarter. 85.87% of the stock is owned by hedge funds and other institutional investors.

About Beazer Homes USA (NYSE:BZH)

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes brand name. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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