Beazer Homes USA (NYSE:BZH) Reaches New 52-Week Low After Earnings Miss

Beazer Homes USA, Inc. (NYSE:BZH)’s share price hit a new 52-week low on Friday after the company announced weaker than expected quarterly earnings. The company traded as low as $23.40 and last traded at $23.69, with a volume of 160686 shares trading hands. The stock had previously closed at $27.70.

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 11.95% and a net margin of 6.02%.

Analysts Set New Price Targets

Separately, Wedbush restated an “outperform” rating and issued a $45.00 price objective on shares of Beazer Homes USA in a report on Friday. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, Beazer Homes USA has a consensus rating of “Hold” and a consensus price target of $39.67.

Insider Buying and Selling

In related news, CFO David I. Goldberg sold 6,057 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total transaction of $194,187.42. Following the completion of the sale, the chief financial officer now directly owns 131,004 shares in the company, valued at $4,199,988.24. This represents a 4.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Beazer Homes USA

Hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP lifted its stake in Beazer Homes USA by 91.9% in the second quarter. Marshall Wace LLP now owns 57,769 shares of the construction company’s stock worth $1,587,000 after acquiring an additional 27,666 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Beazer Homes USA by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,184 shares of the construction company’s stock worth $417,000 after purchasing an additional 581 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Beazer Homes USA during the 2nd quarter valued at about $379,000. SG Americas Securities LLC increased its position in shares of Beazer Homes USA by 25.1% during the third quarter. SG Americas Securities LLC now owns 10,032 shares of the construction company’s stock valued at $343,000 after buying an additional 2,014 shares during the period. Finally, Creative Planning bought a new position in Beazer Homes USA in the third quarter worth about $286,000. 85.65% of the stock is owned by institutional investors.

Beazer Homes USA Stock Down 20.1 %

The company’s fifty day simple moving average is $29.35 and its 200 day simple moving average is $30.94. The company has a quick ratio of 1.87, a current ratio of 14.29 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $690.93 million, a PE ratio of 4.89, a price-to-earnings-growth ratio of 0.30 and a beta of 2.24.

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.