Beazer Homes USA (NYSE:BZH) Sets New 12-Month Low on Disappointing Earnings

Beazer Homes USA, Inc. (NYSE:BZH) shares hit a new 52-week low on Friday following a weaker than expected earnings announcement. 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 EPS 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%.

Wall Street Analyst Weigh In

Separately, Wedbush restated 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 equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $39.67.

Insider Activity at Beazer Homes USA

In related news, CFO David I. Goldberg sold 6,057 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value 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. The trade was a 4.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.52% of the stock is owned by corporate insiders.

Institutional Trading of Beazer Homes USA

Hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. purchased a new position in shares of Beazer Homes USA in the 3rd quarter worth about $125,000. Systematic Financial Management LP acquired a new position in Beazer Homes USA in the third quarter worth about $182,000. Metis Global Partners LLC acquired a new stake in Beazer Homes USA during the third quarter valued at approximately $201,000. Quadrature Capital Ltd acquired a new position in shares of Beazer Homes USA in the 3rd quarter worth approximately $262,000. Finally, Creative Planning bought a new position in Beazer Homes USA during the third quarter worth $286,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Beazer Homes USA Stock 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 stock’s fifty day simple moving average is $29.59 and its two-hundred day simple moving average is $31.00. The company has a market capitalization of $738.50 million, a price-to-earnings ratio of 5.21, a PEG 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.