Beazer Homes USA (NYSE:BZH) Hits New 1-Year Low – Here’s Why

Shares of Beazer Homes USA, Inc. (NYSE:BZH) hit a new 52-week low during trading on Friday . The company traded as low as $20.59 and last traded at $20.61, with a volume of 68741 shares trading hands. The stock had previously closed at $21.28.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated an “outperform” rating and set a $45.00 target price on shares of Beazer Homes USA in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $39.67.

Beazer Homes USA Price Performance

The company has a market cap of $631.70 million, a price-to-earnings ratio of 5.16, a P/E/G ratio of 0.35 and a beta of 2.26. The company’s 50-day simple moving average is $23.67 and its 200-day simple moving average is $28.76. The company has a debt-to-equity ratio of 0.87, a current ratio of 15.52 and a quick ratio of 1.25.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Thursday, January 30th. The construction company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.21). Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. On average, equities research analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. GHE LLC grew its stake in Beazer Homes USA by 7.5% during the 4th quarter. GHE LLC now owns 69,778 shares of the construction company’s stock valued at $1,916,000 after purchasing an additional 4,841 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Beazer Homes USA during the 4th quarter valued at approximately $2,077,000. PharVision Advisers LLC acquired a new stake in shares of Beazer Homes USA during the fourth quarter worth approximately $292,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Beazer Homes USA by 40.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,285 shares of the construction company’s stock worth $1,601,000 after buying an additional 16,923 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of Beazer Homes USA by 2.3% in the fourth quarter. Two Sigma Advisers LP now owns 263,240 shares of the construction company’s stock worth $7,229,000 after buying an additional 5,800 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

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.