Beazer Homes USA (NYSE:BZH) Hits New 12-Month Low After Earnings Miss

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday following a weaker than expected earnings announcement. The stock 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%.

Analysts Set New Price Targets

Separately, Wedbush reiterated an "outperform" rating and issued a $45.00 price target on shares of Beazer Homes USA in a research report on Friday. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $39.67.

Insider Buying and Selling

In other news, CFO David I. Goldberg sold 6,057 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.52% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BZH. Victory Capital Management Inc. boosted its stake in shares of Beazer Homes USA by 711.4% in the 3rd quarter. Victory Capital Management Inc. now owns 225,453 shares of the construction company's stock valued at $7,704,000 after purchasing an additional 197,666 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Beazer Homes USA in the third quarter valued at approximately $1,370,000. Creative Planning acquired a new stake in Beazer Homes USA in the third quarter valued at approximately $286,000. Ritholtz Wealth Management grew its stake in shares of Beazer Homes USA by 26.4% during the fourth quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company's stock worth $689,000 after buying an additional 5,235 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Beazer Homes USA during the third quarter worth $910,000. Institutional investors own 85.65% of the company's stock.

Beazer Homes USA Stock Up 3.4 %

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 company has a market capitalization of $688.08 million, a P/E ratio of 5.61, a PEG ratio of 0.25 and a beta of 2.22. The stock has a 50 day moving average price of $29.06 and a 200 day moving average price of $30.84.

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.