Beazer Homes USA (NYSE:BZH) Shares Up 8.9% – Here’s What Happened

Beazer Homes USA, Inc. (NYSE:BZH)’s stock price traded up 8.9% during mid-day trading on Friday . The stock traded as high as $23.14 and last traded at $23.19. 325,293 shares traded hands during trading, a decline of 17% from the average session volume of 394,239 shares. The stock had previously closed at $21.30.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BZH shares. Wall Street Zen upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Zacks Research lowered Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Beazer Homes USA in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Beazer Homes USA currently has an average rating of “Hold” and an average target price of $31.33.

Beazer Homes USA Stock Performance

The firm has a 50-day simple moving average of $21.52 and a two-hundred day simple moving average of $23.23. The company has a current ratio of 16.21, a quick ratio of 2.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $683.84 million, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 0.86 and a beta of 2.18.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, November 13th. The construction company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.27. The business had revenue of $791.90 million during the quarter, compared to analyst estimates of $674.80 million. Beazer Homes USA had a return on equity of 4.46% and a net margin of 1.92%.The firm’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.69 EPS. As a group, sell-side analysts forecast that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new position in shares of Beazer Homes USA during the 3rd quarter valued at $37,000. Osaic Holdings Inc. raised its holdings in Beazer Homes USA by 454.9% during the second quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock valued at $47,000 after buying an additional 1,724 shares in the last quarter. Comerica Bank bought a new position in Beazer Homes USA during the third quarter valued at about $48,000. Aquatic Capital Management LLC acquired a new stake in shares of Beazer Homes USA in the third quarter worth about $70,000. Finally, Tower Research Capital LLC TRC boosted its position in Beazer Homes USA by 123.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock worth $78,000 after purchasing an additional 1,933 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

About Beazer Homes USA

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.