Beazer Homes USA (NYSE:BZH) Trading Up 7.1% - Here's Why

Shares of Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) shot up 7.1% on Tuesday . The company traded as high as $24.94 and last traded at $24.95. 99,437 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 379,388 shares. The stock had previously closed at $23.29.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BZH. Oppenheimer reiterated an "outperform" rating and issued a $33.00 target price (down from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. B. Riley initiated coverage on Beazer Homes USA in a report on Monday, June 30th. They set a "neutral" rating and a $23.00 price objective for the company. Finally, Wedbush restated an "outperform" rating and set a $41.00 price objective (down previously from $45.00) on shares of Beazer Homes USA in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $32.33.

Beazer Homes USA Stock Performance

The stock has a market cap of $766.59 million, a P/E ratio of 8.21, a P/E/G ratio of 0.65 and a beta of 2.09. The company has a fifty day moving average price of $22.27 and a 200 day moving average price of $22.45. The company has a debt-to-equity ratio of 0.88, a current ratio of 13.07 and a quick ratio of 0.96.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.16. Beazer Homes USA had a return on equity of 7.81% and a net margin of 3.91%. The business had revenue of $565.34 million during the quarter, compared to the consensus estimate of $543.60 million. During the same quarter in the prior year, the company posted $1.26 earnings per share. Beazer Homes USA's revenue was up 4.4% compared to the same quarter last year. On average, equities analysts expect that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Insider Transactions at Beazer Homes USA

In other Beazer Homes USA news, Director John J. Kelley III acquired 10,000 shares of Beazer Homes USA stock in a transaction on Friday, May 9th. The stock was purchased at an average price of $21.50 per share, for a total transaction of $215,000.00. Following the purchase, the director directly owned 15,917 shares of the company's stock, valued at $342,215.50. This trade represents a 169.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.52% of the company's stock.

Institutional Trading of Beazer Homes USA

A number of institutional investors have recently added to or reduced their stakes in BZH. Proficio Capital Partners LLC bought a new position in Beazer Homes USA during the 4th quarter worth approximately $304,000. Raymond James Financial Inc. bought a new position in Beazer Homes USA during the 4th quarter worth approximately $1,216,000. Intech Investment Management LLC grew its position in Beazer Homes USA by 57.2% during the 4th quarter. Intech Investment Management LLC now owns 17,092 shares of the construction company's stock worth $469,000 after acquiring an additional 6,222 shares during the last quarter. American Century Companies Inc. grew its position in Beazer Homes USA by 8.1% during the 4th quarter. American Century Companies Inc. now owns 70,734 shares of the construction company's stock worth $1,942,000 after acquiring an additional 5,284 shares during the last quarter. Finally, Sei Investments Co. grew its position in Beazer Homes USA by 40.3% during the 4th quarter. Sei Investments Co. now owns 103,588 shares of the construction company's stock worth $2,845,000 after acquiring an additional 29,772 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

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 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.

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