Beazer Homes USA (NYSE:BZH) Sets New 52-Week Low – Time to Sell?

Beazer Homes USA, Inc. (NYSE:BZH) shares hit a new 52-week low on Friday . The stock traded as low as $20.59 and last traded at $20.61, with a volume of 68741 shares trading hands. The stock had previously closed at $21.28.

Wall Street Analysts Forecast Growth

Separately, Wedbush reaffirmed an “outperform” rating and set a $45.00 target price on shares of Beazer Homes USA in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Beazer Homes USA presently has an average rating of “Hold” and a consensus price target of $39.67.

Beazer Homes USA Stock Performance

The stock has a market capitalization of $633.05 million, a price-to-earnings ratio of 5.16, a P/E/G ratio of 0.35 and a beta of 2.26. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average of $23.51 and a 200-day moving average of $28.67.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Thursday, January 30th. 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 10.12% and a net margin of 5.04%. As a group, sell-side analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Institutional Trading of Beazer Homes USA

Institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC grew its stake in Beazer Homes USA by 776.2% in the 4th quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock valued at $25,000 after acquiring an additional 815 shares during the period. MetLife Investment Management LLC grew its position in shares of Beazer Homes USA by 4.8% in the fourth quarter. MetLife Investment Management LLC now owns 18,234 shares of the construction company’s stock valued at $501,000 after purchasing an additional 835 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Beazer Homes USA in the fourth quarter valued at about $34,000. Price T Rowe Associates Inc. MD increased its stake in shares of Beazer Homes USA by 9.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,807 shares of the construction company’s stock worth $572,000 after purchasing an additional 1,757 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of Beazer Homes USA by 16.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,536 shares of the construction company’s stock worth $530,000 after purchasing an additional 2,197 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

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.