Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The company traded as low as $20.59 and last traded at $20.61, with a volume of 68741 shares traded. The stock had previously closed at $21.28.
Wall Street Analyst Weigh In
Separately, Wedbush reaffirmed an "outperform" rating and set a $45.00 price objective on shares of Beazer Homes USA in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $39.67.
Read Our Latest Report on BZH
Beazer Homes USA Stock Up 0.4 %
The company has a market cap of $638.73 million, a price-to-earnings ratio of 5.21, a PEG ratio of 0.35 and a beta of 2.26. The business has a 50-day simple moving average of $23.35 and a two-hundred day simple moving average of $28.57. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87.
Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its earnings results on Thursday, January 30th. The construction company reported $0.10 earnings per share for the quarter, missing the consensus estimate 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, equities analysts forecast that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of BZH. Sterling Capital Management LLC boosted its holdings in Beazer Homes USA by 776.2% during the fourth 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. Point72 Asia Singapore Pte. Ltd. bought a new stake in Beazer Homes USA during the 4th quarter valued at approximately $34,000. Quarry LP acquired a new stake in Beazer Homes USA in the 4th quarter valued at approximately $69,000. Point72 Asset Management L.P. acquired a new stake in Beazer Homes USA in the 3rd quarter valued at approximately $125,000. Finally, KLP Kapitalforvaltning AS bought a new position in Beazer Homes USA in the 4th quarter worth approximately $148,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.
About Beazer Homes USA
(
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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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