Beazer Homes USA (NYSE:BZH) Shares Gap Down - What's Next?

Shares of Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $31.75, but opened at $30.32. Beazer Homes USA shares last traded at $30.07, with a volume of 105,523 shares.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BZH. StockNews.com downgraded shares of Beazer Homes USA from a "hold" rating to a "sell" rating in a report on Monday, August 5th. B. Riley dropped their price target on shares of Beazer Homes USA from $38.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Zelman & Associates reaffirmed an "underperform" rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. Finally, Wedbush raised Beazer Homes USA from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $41.00 to $45.00 in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $39.67.

Beazer Homes USA Price Performance

The company's 50-day simple moving average is $32.16 and its 200-day simple moving average is $29.85. The company has a debt-to-equity ratio of 0.91, a current ratio of 12.42 and a quick ratio of 0.92. The stock has a market capitalization of $983.95 million, a price-to-earnings ratio of 5.95, a P/E/G ratio of 1.35 and a beta of 2.17.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. Beazer Homes USA had a return on equity of 12.61% and a net margin of 6.63%. The business had revenue of $595.68 million during the quarter, compared to the consensus estimate of $597.67 million. During the same period in the previous year, the company posted $1.24 EPS. The firm's quarterly revenue was up 4.0% on a year-over-year basis. Research analysts forecast that Beazer Homes USA, Inc. will post 4.2 earnings per share for the current fiscal year.

Institutional Trading of Beazer Homes USA

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in Beazer Homes USA by 84.2% in the 1st quarter. Principal Financial Group Inc. now owns 18,734 shares of the construction company's stock valued at $614,000 after acquiring an additional 8,563 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Beazer Homes USA by 28.1% during the first quarter. BNP Paribas Financial Markets now owns 30,917 shares of the construction company's stock worth $1,014,000 after purchasing an additional 6,773 shares during the period. Janney Montgomery Scott LLC grew its stake in Beazer Homes USA by 2.2% during the first quarter. Janney Montgomery Scott LLC now owns 77,945 shares of the construction company's stock worth $2,557,000 after buying an additional 1,682 shares in the last quarter. Capstone Investment Advisors LLC increased its holdings in Beazer Homes USA by 8.2% in the 1st quarter. Capstone Investment Advisors LLC now owns 7,071 shares of the construction company's stock valued at $232,000 after buying an additional 533 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Beazer Homes USA in the 1st quarter valued at approximately $663,000. Institutional investors and hedge funds 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.