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

Shares of Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $24.69 and last traded at $24.69, with a volume of 2216 shares traded. The stock had previously closed at $25.63.

Wall Street Analysts Forecast Growth

BZH has been the subject of several recent research reports. Zelman & Associates reissued an "underperform" rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Wedbush reissued an "outperform" rating and issued a $45.00 price objective 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 currently has a consensus rating of "Hold" and a consensus target price of $39.67.

Beazer Homes USA Stock Up 1.1 %

The firm has a market capitalization of $808.78 million, a price-to-earnings ratio of 5.72, a P/E/G ratio of 0.36 and a beta of 2.24. The business has a 50 day simple moving average of $30.99 and a 200-day simple moving average of $31.00. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.87 and a current ratio of 14.29.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its quarterly earnings results on Wednesday, November 13th. The construction company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.34. The business had revenue of $806.20 million during the quarter, compared to analysts' expectations of $775.42 million. Beazer Homes USA had a return on equity of 11.95% and a net margin of 6.02%. The company's revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 EPS. On average, equities analysts expect that Beazer Homes USA, Inc. will post 4.44 EPS for the current year.

Insider Activity at Beazer Homes USA

In other news, CFO David I. Goldberg sold 6,057 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total transaction of $194,187.42. Following the sale, the chief financial officer now owns 131,004 shares of the company's stock, valued at approximately $4,199,988.24. This trade represents a 4.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.52% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. boosted its stake in shares of Beazer Homes USA by 4.2% in the third quarter. Franklin Resources Inc. now owns 142,220 shares of the construction company's stock valued at $4,592,000 after buying an additional 5,796 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Beazer Homes USA by 16.5% in the third quarter. Sanctuary Advisors LLC now owns 15,536 shares of the construction company's stock valued at $530,000 after buying an additional 2,197 shares in the last quarter. Barclays PLC boosted its stake in shares of Beazer Homes USA by 26.3% in the third quarter. Barclays PLC now owns 190,741 shares of the construction company's stock valued at $6,516,000 after buying an additional 39,752 shares in the last quarter. Systematic Financial Management LP purchased a new stake in Beazer Homes USA during the third quarter worth $182,000. Finally, Quadrature Capital Ltd purchased a new stake in Beazer Homes USA during the third quarter worth $262,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

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.

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