Beazer Homes USA (NYSE:BZH) Rating Lowered to Strong Sell at ValuEngine

ValuEngine downgraded shares of Beazer Homes USA (NYSE:BZH) from a sell rating to a strong sell rating in a research note published on Tuesday, May 7th, ValuEngine reports.

A number of other equities analysts have also recently issued reports on BZH. Zacks Investment Research upgraded shares of Beazer Homes USA from a strong sell rating to a hold rating in a research report on Tuesday, January 15th. TheStreet upgraded shares of Beazer Homes USA from a d+ rating to a c- rating in a research report on Monday, April 22nd. Finally, Wedbush restated an outperform rating and issued a $17.00 price objective on shares of Beazer Homes USA in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $14.25.

Beazer Homes USA stock traded down $0.07 during mid-day trading on Tuesday, hitting $9.08. The company’s stock had a trading volume of 544,000 shares, compared to its average volume of 472,467. The company has a quick ratio of 0.93, a current ratio of 13.97 and a debt-to-equity ratio of 2.46. The company has a market capitalization of $290.60 million, a PE ratio of 4.56 and a beta of 2.53. Beazer Homes USA has a 12 month low of $8.16 and a 12 month high of $16.08.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.15. The business had revenue of $421.30 million during the quarter, compared to the consensus estimate of $402.98 million. Beazer Homes USA had a negative net margin of 0.93% and a positive return on equity of 10.34%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 earnings per share. As a group, equities analysts expect that Beazer Homes USA will post 1.42 earnings per share for the current fiscal year.

In related news, insider Allan P. Merrill purchased 5,192 shares of Beazer Homes USA stock in a transaction that occurred on Wednesday, May 22nd. The shares were bought at an average price of $9.63 per share, for a total transaction of $49,998.96. Following the completion of the transaction, the insider now directly owns 537,127 shares of the company’s stock, valued at $5,172,533.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in BZH. FMR LLC purchased a new position in shares of Beazer Homes USA during the first quarter valued at about $10,786,000. Towle & Co. grew its holdings in Beazer Homes USA by 30.3% in the fourth quarter. Towle & Co. now owns 2,426,370 shares of the construction company’s stock worth $23,002,000 after purchasing an additional 564,520 shares during the period. Deutsche Bank AG grew its holdings in Beazer Homes USA by 218.3% in the fourth quarter. Deutsche Bank AG now owns 548,037 shares of the construction company’s stock worth $5,194,000 after purchasing an additional 375,866 shares during the period. Donald Smith & CO. Inc. grew its holdings in Beazer Homes USA by 12.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,374,475 shares of the construction company’s stock worth $31,990,000 after purchasing an additional 373,441 shares during the period. Finally, Brandes Investment Partners LP grew its holdings in Beazer Homes USA by 35.3% in the fourth quarter. Brandes Investment Partners LP now owns 999,019 shares of the construction company’s stock worth $9,471,000 after purchasing an additional 260,877 shares during the period. Institutional investors own 81.60% of the company’s stock.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

Recommended Story: What is dividend yield?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Beazer Homes USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazer Homes USA and related companies with MarketBeat.com's FREE daily email newsletter.