ValuEngine Upgrades Beazer Homes USA (NYSE:BZH) to Sell

ValuEngine upgraded shares of Beazer Homes USA (NYSE:BZH) from a strong sell rating to a sell rating in a report issued on Thursday, ValuEngine reports.

Other equities research analysts have also recently issued research reports about the company. Wedbush cut Beazer Homes USA from an outperform rating to a neutral rating and reduced their price objective for the stock from $17.00 to $16.00 in a report on Friday, January 31st. They noted that the move was a valuation call. Zacks Investment Research cut Beazer Homes USA from a hold rating to a sell rating in a report on Tuesday, February 4th.

Beazer Homes USA stock traded up $0.08 during midday trading on Thursday, reaching $14.35. 226,000 shares of the company’s stock were exchanged, compared to its average volume of 435,758. Beazer Homes USA has a 52 week low of $8.89 and a 52 week high of $17.23. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.76 and a current ratio of 15.06. The firm has a market cap of $447.86 million, a price-to-earnings ratio of -5.26 and a beta of 2.28. The stock’s 50-day simple moving average is $14.65 and its 200 day simple moving average is $14.24.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, January 30th. The construction company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Beazer Homes USA had a positive return on equity of 9.00% and a negative net margin of 4.00%. The business had revenue of $417.80 million during the quarter, compared to analysts’ expectations of $409.30 million. During the same quarter last year, the company posted $0.23 earnings per share. Beazer Homes USA’s quarterly revenue was up 3.9% on a year-over-year basis. Research analysts forecast that Beazer Homes USA will post 1.67 earnings per share for the current year.

In other news, CFO Robert L. Salomon sold 10,000 shares of Beazer Homes USA stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $15.05, for a total value of $150,500.00. Following the completion of the sale, the chief financial officer now directly owns 265,461 shares in the company, valued at $3,995,188.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 8.90% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can acquired a new stake in shares of Beazer Homes USA in the fourth quarter valued at approximately $37,000. Citizens Financial Group Inc RI acquired a new stake in shares of Beazer Homes USA in the fourth quarter valued at approximately $65,000. Jefferies Group LLC acquired a new stake in shares of Beazer Homes USA in the fourth quarter valued at approximately $142,000. Bailard Inc. acquired a new stake in shares of Beazer Homes USA in the third quarter valued at approximately $155,000. Finally, Hancock Whitney Corp acquired a new stake in shares of Beazer Homes USA in the third quarter valued at approximately $158,000. Institutional investors own 82.55% of the company’s stock.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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