Beazer Homes USA (NYSE:BZH) Sets New 1-Year Low Following Weak Earnings

Beazer Homes USA, Inc. (NYSE:BZH) hit a new 52-week low during mid-day trading on Friday after the company announced weaker than expected quarterly earnings. The company traded as low as $23.40 and last traded at $23.69, with a volume of 160686 shares changing hands. The stock had previously closed at $27.70.

The construction company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a return on equity of 11.95% and a net margin of 6.02%.

Analysts Set New Price Targets

Separately, Wedbush reaffirmed an “outperform” rating and set a $45.00 target price on shares of Beazer Homes USA in a research report on Monday, December 23rd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Beazer Homes USA presently has an average rating of “Hold” and a consensus target price of $39.67.

Insider Buying and Selling

In other news, CFO David I. Goldberg sold 6,057 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 131,004 shares of the company’s stock, valued at $4,199,988.24. This trade represents a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 6.52% of the company’s stock.

Institutional Trading of Beazer Homes USA

A number of hedge funds have recently made changes to their positions in BZH. Point72 Asset Management L.P. purchased a new position in shares of Beazer Homes USA during the 3rd quarter valued at $125,000. Systematic Financial Management LP bought a new stake in Beazer Homes USA during the third quarter valued at about $182,000. Metis Global Partners LLC acquired a new stake in shares of Beazer Homes USA in the third quarter valued at about $201,000. Quadrature Capital Ltd bought a new position in shares of Beazer Homes USA in the third quarter worth about $262,000. Finally, Focus Financial Network Inc. acquired a new position in shares of Beazer Homes USA during the 4th quarter worth about $275,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Trading Down 14.5 %

The company has a debt-to-equity ratio of 0.83, a current ratio of 14.29 and a quick ratio of 1.87. The business has a fifty day moving average price of $29.59 and a 200 day moving average price of $31.00. The company has a market capitalization of $738.50 million, a price-to-earnings ratio of 5.21, a price-to-earnings-growth ratio of 0.30 and a beta of 2.24.

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.