Beazer Homes USA (NYSE:BZH) Hits New 52-Week Low – Time to Sell?

Beazer Homes USA, Inc. (NYSE:BZH) reached a new 52-week low on Monday . The company traded as low as $24.69 and last traded at $24.69, with a volume of 2216 shares. The stock had previously closed at $25.63.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BZH shares. Zelman & Associates reissued an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. Wedbush reiterated an “outperform” rating and issued a $45.00 target price on shares of Beazer Homes USA in a research note on Monday, December 23rd. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.67.

Beazer Homes USA Price Performance

The business has a fifty day moving average of $30.99 and a 200 day moving average of $31.00. The stock has a market cap of $808.78 million, a PE ratio of 5.72, a P/E/G ratio of 0.36 and a beta of 2.24. The company has a debt-to-equity ratio of 0.83, a current ratio of 14.29 and a quick ratio of 1.87.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Wednesday, November 13th. The construction company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.34. The firm had revenue of $806.20 million for the quarter, compared to analysts’ expectations of $775.42 million. Beazer Homes USA had a return on equity of 11.95% and a net margin of 6.02%. Beazer Homes USA’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.80 earnings per share. Sell-side analysts anticipate that Beazer Homes USA, Inc. will post 4.44 earnings per share for the current year.

Insider Transactions at Beazer Homes USA

In related news, CFO David I. Goldberg sold 6,057 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total value of $194,187.42. Following the sale, the chief financial officer now directly owns 131,004 shares in the company, valued at $4,199,988.24. This trade represents a 4.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.52% of the company’s stock.

Institutional Trading of Beazer Homes USA

Several large investors have recently added to or reduced their stakes in BZH. Koss Olinger Consulting LLC boosted its stake in Beazer Homes USA by 1.8% during the 3rd quarter. Koss Olinger Consulting LLC now owns 16,548 shares of the construction company’s stock valued at $565,000 after purchasing an additional 297 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Beazer Homes USA by 4.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 10,390 shares of the construction company’s stock valued at $355,000 after purchasing an additional 408 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Beazer Homes USA by 4.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,184 shares of the construction company’s stock valued at $417,000 after purchasing an additional 581 shares in the last quarter. Winslow Asset Management Inc. boosted its stake in Beazer Homes USA by 0.4% during the 3rd quarter. Winslow Asset Management Inc. now owns 491,330 shares of the construction company’s stock valued at $16,789,000 after purchasing an additional 1,717 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Beazer Homes USA by 25.1% during the 3rd quarter. SG Americas Securities LLC now owns 10,032 shares of the construction company’s stock valued at $343,000 after purchasing an additional 2,014 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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.