Beazer Homes USA (NYSE:BZH) Trading 3.9% Higher – Here’s What Happened

Beazer Homes USA, Inc. (NYSE:BZH) shares traded up 3.9% during trading on Friday . The company traded as high as $20.29 and last traded at $19.76. 437,446 shares changed hands during trading, a decline of 3% from the average session volume of 448,761 shares. The stock had previously closed at $19.02.

Analyst Ratings Changes

Separately, Wedbush reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Beazer Homes USA in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.67.

Beazer Homes USA Stock Up 6.8 %

The company has a fifty day moving average price of $22.73 and a 200 day moving average price of $28.23. The company has a market cap of $633.89 million, a PE ratio of 5.17, a price-to-earnings-growth ratio of 0.35 and a beta of 2.05. The company has a debt-to-equity ratio of 0.87, a current ratio of 15.52 and a quick ratio of 1.25.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Thursday, January 30th. The construction company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. As a group, analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Institutional Investors Weigh In On Beazer Homes USA

Several hedge funds have recently added to or reduced their stakes in BZH. Sterling Capital Management LLC raised its holdings in shares of Beazer Homes USA by 776.2% during the 4th quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock valued at $25,000 after buying an additional 815 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Beazer Homes USA during the fourth quarter worth approximately $34,000. Quarry LP purchased a new stake in shares of Beazer Homes USA in the 4th quarter valued at $69,000. Point72 Asset Management L.P. purchased a new stake in shares of Beazer Homes USA in the 3rd quarter valued at $125,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Beazer Homes USA during the 4th quarter valued at $148,000. Institutional investors own 85.65% of the company’s stock.

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.