Beazer Homes USA (NYSE:BZH) Sees Unusually-High Trading Volume

Shares of Beazer Homes USA, Inc. (NYSE:BZH) saw strong trading volume on Tuesday . 323,210 shares changed hands during mid-day trading, a decline of 9% from the previous session’s volume of 354,379 shares.The stock last traded at $25.42 and had previously closed at $25.50.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Sidoti raised Beazer Homes USA from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, August 23rd. B. Riley lifted their price objective on Beazer Homes USA from $28.00 to $38.00 in a report on Friday, July 28th. Zelman & Associates raised Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Wedbush lowered Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $32.00 price objective for the company. in a report on Friday, August 18th. They noted that the move was a valuation call. Finally, StockNews.com began coverage on Beazer Homes USA in a report on Thursday, August 17th. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Beazer Homes USA has a consensus rating of “Moderate Buy” and a consensus price target of $35.33.

Beazer Homes USA Stock Down 0.1 %

The company has a 50-day moving average price of $29.66 and a 200 day moving average price of $23.11. The firm has a market capitalization of $798.23 million, a PE ratio of 4.13 and a beta of 2.32. The company has a debt-to-equity ratio of 0.94, a current ratio of 15.28 and a quick ratio of 2.55.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $1.42 EPS for the quarter, beating the consensus estimate of $0.88 by $0.54. Beazer Homes USA had a return on equity of 18.66% and a net margin of 7.94%. The business had revenue of $572.54 million for the quarter, compared to the consensus estimate of $512.26 million. During the same period in the previous year, the business earned $1.76 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. Analysts forecast that Beazer Homes USA, Inc. will post 4.74 earnings per share for the current year.

Institutional Investors Weigh In On Beazer Homes USA

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in shares of Beazer Homes USA by 83.4% in the third quarter. Tower Research Capital LLC TRC now owns 3,007 shares of the construction company’s stock worth $29,000 after buying an additional 1,367 shares in the last quarter. Signaturefd LLC increased its stake in Beazer Homes USA by 159.7% during the second quarter. Signaturefd LLC now owns 1,070 shares of the construction company’s stock worth $30,000 after acquiring an additional 658 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in Beazer Homes USA during the second quarter worth approximately $31,000. Dark Forest Capital Management LP bought a new stake in Beazer Homes USA during the first quarter worth approximately $31,000. Finally, Captrust Financial Advisors increased its stake in Beazer Homes USA by 60.3% during the second quarter. Captrust Financial Advisors now owns 2,618 shares of the construction company’s stock worth $32,000 after acquiring an additional 985 shares during the last quarter. 79.07% of the stock is currently owned by hedge funds and other institutional investors.

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 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.