Shares of Beazer Homes USA, Inc. (NYSE:BZH) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $22.10 and last traded at $21.96, with a volume of 478 shares. The stock had previously closed at $21.83.

BZH has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Wednesday, March 31st. Sidoti assumed coverage on Beazer Homes USA in a research report on Friday, December 11th. They set a “buy” rating and a $22.00 price target on the stock.

The company has a current ratio of 13.03, a quick ratio of 2.81 and a debt-to-equity ratio of 1.91. The firm has a 50-day moving average of $19.64 and a 200-day moving average of $16.26. The stock has a market capitalization of $659.56 million, a price-to-earnings ratio of 12.13 and a beta of 2.27.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Wednesday, January 27th. The construction company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.10. Beazer Homes USA had a return on equity of 10.34% and a net margin of 2.46%. The firm had revenue of $428.30 million for the quarter, compared to the consensus estimate of $421.30 million. The firm’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Beazer Homes USA, Inc. will post 1.93 EPS for the current year.

In other Beazer Homes USA news, CFO Robert L. Salomon sold 10,000 shares of the stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $21.02, for a total transaction of $210,200.00. Following the sale, the chief financial officer now directly owns 178,601 shares of the company’s stock, valued at approximately $3,754,193.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.24% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in Beazer Homes USA during the 3rd quarter worth about $151,000. Wedge Capital Management L L P NC purchased a new stake in shares of Beazer Homes USA during the 4th quarter worth about $174,000. WMS Partners LLC purchased a new stake in shares of Beazer Homes USA during the 4th quarter worth about $278,000. GSA Capital Partners LLP purchased a new stake in shares of Beazer Homes USA during the 4th quarter worth about $349,000. Finally, Truist Financial Corp purchased a new stake in shares of Beazer Homes USA during the 4th quarter worth about $367,000. 72.81% of the stock is currently owned by institutional investors.

Beazer Homes USA Company Profile (NYSE:BZH)

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 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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