Beazer Homes USA (NYSE:BZH) Hits New 1-Year Low - Here's What Happened

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report)'s share price reached a new 52-week low on Thursday . The stock traded as low as $19.13 and last traded at $19.21, with a volume of 173303 shares traded. The stock had previously closed at $20.87.

Analysts Set New Price Targets

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

Beazer Homes USA Stock Down 6.0 %

The stock's fifty day moving average price is $22.56 and its 200 day moving average price is $28.08. 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 stock has a market cap of $569.64 million, a P/E ratio of 4.65, a price-to-earnings-growth ratio of 0.35 and a beta of 2.05.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The construction company reported $0.10 earnings per share (EPS) 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, research analysts forecast that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On Beazer Homes USA

A number of institutional investors have recently made changes to their positions in BZH. Sterling Capital Management LLC lifted its stake in Beazer Homes USA by 776.2% in the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company's stock worth $25,000 after purchasing an additional 815 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Beazer Homes USA in the fourth quarter worth about $34,000. Quarry LP bought a new stake in shares of Beazer Homes USA in the 4th quarter valued at about $69,000. Point72 Asset Management L.P. purchased a new stake in Beazer Homes USA during the 3rd quarter valued at about $125,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Beazer Homes USA during the 4th quarter valued at about $148,000. Hedge funds and other institutional investors 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.