Beazer Homes USA (NYSE:BZH) Stock Price Down 13.6% on Analyst Downgrade

Beazer Homes USA, Inc. (NYSE:BZH)’s stock price fell 13.6% on Friday after B. Riley lowered their price target on the stock from $38.00 to $37.00. B. Riley currently has a buy rating on the stock. Beazer Homes USA traded as low as $28.29 and last traded at $28.29. 113,139 shares were traded during trading, a decline of 68% from the average session volume of 358,770 shares. The stock had previously closed at $32.73.

A number of other equities analysts have also weighed in on BZH. StockNews.com upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Tuesday, June 4th. Wedbush boosted their price target on Beazer Homes USA from $33.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Oppenheimer initiated coverage on shares of Beazer Homes USA in a research note on Friday, May 31st. They set an “outperform” rating and a $37.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.75.

Insider Buying and Selling at Beazer Homes USA

In other news, EVP Keith L. Belknap, Jr. sold 15,000 shares of Beazer Homes USA stock in a transaction on Monday, May 6th. The shares were sold at an average price of $28.31, for a total transaction of $424,650.00. Following the transaction, the executive vice president now owns 195,819 shares in the company, valued at approximately $5,543,635.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 13,300 shares of Beazer Homes USA stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $31.17, for a total transaction of $414,561.00. Following the transaction, the executive vice president now owns 150,819 shares of the company’s stock, valued at $4,701,028.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Keith L. Belknap, Jr. sold 15,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $28.31, for a total transaction of $424,650.00. Following the completion of the sale, the executive vice president now directly owns 195,819 shares of the company’s stock, valued at $5,543,635.89. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,762 shares of company stock valued at $1,252,898. Insiders own 6.99% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas grew its holdings in shares of Beazer Homes USA by 47.2% in the fourth quarter. Teacher Retirement System of Texas now owns 280,213 shares of the construction company’s stock valued at $9,468,000 after purchasing an additional 89,848 shares in the last quarter. Foundry Partners LLC lifted its holdings in shares of Beazer Homes USA by 29.4% in the 1st quarter. Foundry Partners LLC now owns 163,805 shares of the construction company’s stock worth $5,373,000 after acquiring an additional 37,200 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Beazer Homes USA by 53.3% during the first quarter. First Eagle Investment Management LLC now owns 359,686 shares of the construction company’s stock valued at $11,798,000 after buying an additional 125,100 shares during the period. Donald Smith & CO. Inc. grew its position in Beazer Homes USA by 58.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock valued at $87,403,000 after acquiring an additional 958,814 shares during the last quarter. Finally, EMG Holdings L.P. purchased a new stake in Beazer Homes USA in the fourth quarter worth $4,831,000. Institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Stock Performance

The firm has a market capitalization of $904.54 million, a P/E ratio of 5.65, a P/E/G ratio of 1.45 and a beta of 2.16. The company has a debt-to-equity ratio of 0.88, a current ratio of 13.50 and a quick ratio of 1.30. The firm has a 50-day moving average price of $29.18 and a two-hundred day moving average price of $29.63.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.83 by $0.05. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The company had revenue of $595.68 million for the quarter, compared to the consensus estimate of $597.67 million. During the same period last year, the business posted $1.24 EPS. Beazer Homes USA’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts forecast that Beazer Homes USA, Inc. will post 4.64 EPS for the current fiscal year.

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.