Beazer Homes USA (NYSE:BZH) Sets New 52-Week Low – Here’s Why

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

Analyst Upgrades and Downgrades

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

Beazer Homes USA Stock Down 4.7 %

The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $633.05 million, a PE ratio of 5.16, a price-to-earnings-growth ratio of 0.35 and a beta of 2.26. The firm has a 50-day moving average of $23.51 and a two-hundred day moving average of $28.67.

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

Institutional Trading of Beazer Homes USA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its holdings in shares of Beazer Homes USA by 776.2% in the 4th quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock valued at $25,000 after buying an additional 815 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Beazer Homes USA in the fourth quarter valued at approximately $34,000. Quarry LP purchased a new stake in Beazer Homes USA during the 4th quarter worth approximately $69,000. Point72 Asset Management L.P. acquired a new stake in Beazer Homes USA during the 3rd quarter worth approximately $125,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Beazer Homes USA in the fourth quarter worth $148,000. Hedge funds and other institutional investors 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.