Beazer Homes USA, Inc. (NYSE:BZH) Sees Significant Decline in Short Interest

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 864,600 shares, a drop of 9.9% from the March 31st total of 959,300 shares. Based on an average trading volume of 329,400 shares, the short-interest ratio is presently 2.6 days. Approximately 3.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wedbush increased their target price on shares of Beazer Homes USA from $32.00 to $33.00 and gave the company a "neutral" rating in a research report on Friday, February 2nd. StockNews.com upgraded shares of Beazer Homes USA from a "sell" rating to a "hold" rating in a research report on Friday, March 29th.

Beazer Homes USA Trading Down 0.2 %

Shares of BZH traded down $0.05 during midday trading on Monday, hitting $28.40. The stock had a trading volume of 300,844 shares, compared to its average volume of 324,464. Beazer Homes USA has a fifty-two week low of $18.50 and a fifty-two week high of $35.93. The business has a 50-day simple moving average of $29.88 and a two-hundred day simple moving average of $29.47. The firm has a market cap of $896.02 million, a P/E ratio of 5.62 and a beta of 2.24. The company has a current ratio of 13.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.87.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its earnings results on Thursday, February 1st. The construction company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.01). Beazer Homes USA had a return on equity of 14.09% and a net margin of 7.26%. The firm had revenue of $386.80 million during the quarter, compared to analyst estimates of $420.71 million. During the same quarter in the previous year, the business earned $0.80 earnings per share. The business's quarterly revenue was down 13.1% compared to the same quarter last year. As a group, equities analysts forecast that Beazer Homes USA will post 4.66 EPS for the current year.

Institutional Trading of Beazer Homes USA

A number of hedge funds have recently made changes to their positions in BZH. USA Financial Formulas lifted its position in shares of Beazer Homes USA by 4,947.1% in the fourth quarter. USA Financial Formulas now owns 858 shares of the construction company's stock worth $29,000 after purchasing an additional 841 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in Beazer Homes USA during the third quarter worth $31,000. AJOVista LLC acquired a new stake in Beazer Homes USA during the fourth quarter worth $37,000. Aigen Investment Management LP acquired a new stake in Beazer Homes USA during the fourth quarter worth $201,000. Finally, Belpointe Asset Management LLC acquired a new stake in Beazer Homes USA during the fourth quarter worth $207,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

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.