Beazer Homes USA (NYSE:BZH) Reaches New 1-Year Low – Here’s What Happened

Beazer Homes USA, Inc. (NYSE:BZH)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $19.13 and last traded at $19.21, with a volume of 173303 shares changing hands. The stock had previously closed at $20.87.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued an “outperform” rating and issued a $45.00 price objective 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 assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.67.

Beazer Homes USA Stock Performance

The stock has a market capitalization of $595.32 million, a P/E ratio of 4.86, a PEG ratio of 0.35 and a beta of 2.26. The stock’s 50-day simple moving average is $23.06 and its 200 day simple moving average is $28.43. 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 issued its quarterly earnings results 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%. Research analysts expect that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Institutional Trading of Beazer Homes USA

Institutional investors and hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC grew its stake in shares of Beazer Homes USA by 776.2% during the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock worth $25,000 after buying an additional 815 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Beazer Homes USA in the 4th quarter valued at $34,000. Quarry LP acquired a new stake in shares of Beazer Homes USA in the 4th quarter valued at about $69,000. Point72 Asset Management L.P. bought a new position in shares of Beazer Homes USA in the 3rd quarter worth $125,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Beazer Homes USA during the fourth quarter valued at about $148,000. 85.65% of the stock is currently owned by institutional investors.

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.