Beazer Homes USA (NYSE:BZH) Reaches New 12-Month Low – Should You Sell?

Beazer Homes USA, Inc. (NYSE:BZH) reached a new 52-week low during trading on Monday . The company traded as low as $24.69 and last traded at $24.69, with a volume of 2216 shares trading hands. The stock had previously closed at $25.63.

Analyst Upgrades and Downgrades

A number of research firms have commented on BZH. Zelman & Associates restated an “underperform” rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Wedbush reiterated an “outperform” rating and set a $45.00 price target on shares of Beazer Homes USA in a research note on Monday, December 23rd. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat, Beazer Homes USA has an average rating of “Hold” and a consensus price target of $39.67.

Beazer Homes USA Stock Up 3.8 %

The company has a market cap of $845.60 million, a PE ratio of 5.98, a P/E/G ratio of 0.36 and a beta of 2.24. The company has a quick ratio of 1.87, a current ratio of 14.29 and a debt-to-equity ratio of 0.83. The firm’s fifty day simple moving average is $30.79 and its 200-day simple moving average is $30.99.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Wednesday, November 13th. The construction company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.34. The business had revenue of $806.20 million during the quarter, compared to analyst estimates of $775.42 million. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%. The company’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.80 earnings per share. As a group, equities research analysts expect that Beazer Homes USA, Inc. will post 4.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO David I. Goldberg sold 6,057 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total transaction of $194,187.42. Following the completion of the transaction, the chief financial officer now owns 131,004 shares of the company’s stock, valued at approximately $4,199,988.24. This represents a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Beazer Homes USA

Several institutional investors and hedge funds have recently bought and sold shares of BZH. Hsbc Holdings PLC increased its position in Beazer Homes USA by 12.4% during the second quarter. Hsbc Holdings PLC now owns 66,587 shares of the construction company’s stock worth $1,825,000 after purchasing an additional 7,338 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Beazer Homes USA by 27.8% in the second quarter. First Eagle Investment Management LLC now owns 459,645 shares of the construction company’s stock worth $12,631,000 after acquiring an additional 99,959 shares in the last quarter. EMG Holdings L.P. increased its position in shares of Beazer Homes USA by 12.9% in the second quarter. EMG Holdings L.P. now owns 247,349 shares of the construction company’s stock worth $6,797,000 after acquiring an additional 28,208 shares in the last quarter. Marshall Wace LLP increased its position in shares of Beazer Homes USA by 91.9% in the second quarter. Marshall Wace LLP now owns 57,769 shares of the construction company’s stock worth $1,587,000 after acquiring an additional 27,666 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Beazer Homes USA by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 15,184 shares of the construction company’s stock worth $417,000 after acquiring an additional 581 shares in the last quarter. Institutional investors and hedge funds 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.