Beazer Homes USA (NYSE:BZH) Downgraded to Sell at StockNews.com

Beazer Homes USA (NYSE:BZHGet Free Report) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Separately, Wedbush restated a “neutral” rating and issued a $33.00 target price on shares of Beazer Homes USA in a research note on Thursday, May 2nd.

Get Our Latest Stock Report on Beazer Homes USA

Beazer Homes USA Trading Up 1.2 %

BZH stock traded up $0.33 during mid-day trading on Monday, reaching $27.53. The company’s stock had a trading volume of 167,400 shares, compared to its average volume of 341,358. Beazer Homes USA has a 12 month low of $20.04 and a 12 month high of $35.93. The company has a current ratio of 13.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. The business’s 50 day moving average price is $29.08 and its 200 day moving average price is $29.95. The company has a market cap of $868.49 million, a price-to-earnings ratio of 5.31 and a beta of 2.25.

Beazer Homes USA (NYSE:BZHGet Free Report) last released its earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.35. The company had revenue of $541.50 million for the quarter, compared to the consensus estimate of $569.88 million. Beazer Homes USA had a net margin of 7.48% and a return on equity of 13.97%. Beazer Homes USA’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 EPS. On average, equities research analysts predict that Beazer Homes USA will post 4.61 EPS for the current year.

Insider Transactions at Beazer Homes USA

In related news, EVP Keith L. Belknap, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $28.31, for a total value of $424,650.00. Following the transaction, the executive vice president now owns 195,819 shares of the company’s stock, valued at approximately $5,543,635.89. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.99% of the stock is currently owned by insiders.

Institutional Trading of Beazer Homes USA

Several institutional investors have recently made changes to their positions in the company. Caxton Associates LP boosted its holdings in Beazer Homes USA by 81.9% during the first quarter. Caxton Associates LP now owns 78,975 shares of the construction company’s stock worth $2,590,000 after purchasing an additional 35,558 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Beazer Homes USA by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,780 shares of the construction company’s stock worth $584,000 after buying an additional 943 shares during the last quarter. Carlson Capital L P boosted its stake in shares of Beazer Homes USA by 63.9% in the 1st quarter. Carlson Capital L P now owns 333,600 shares of the construction company’s stock worth $10,942,000 after buying an additional 130,100 shares during the last quarter. Nokomis Capital L.L.C. grew its holdings in shares of Beazer Homes USA by 4.6% in the first quarter. Nokomis Capital L.L.C. now owns 202,595 shares of the construction company’s stock valued at $6,645,000 after acquiring an additional 8,951 shares in the last quarter. Finally, Donald Smith & CO. Inc. increased its position in shares of Beazer Homes USA by 13.8% during the first quarter. Donald Smith & CO. Inc. now owns 2,943,211 shares of the construction company’s stock valued at $96,537,000 after acquiring an additional 356,569 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Company Profile

(Get Free Report)

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.

Further Reading

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