Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) saw an uptick in trading volume on Thursday after the company announced better than expected quarterly earnings. 235,166 shares traded hands during mid-day trading, a decline of 27% from the previous session's volume of 321,234 shares.The stock last traded at $25.66 and had previously closed at $28.20.
The construction company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.35. The firm had revenue of $541.50 million during the quarter, compared to analysts' expectations of $569.88 million. Beazer Homes USA had a net margin of 7.26% and a return on equity of 14.09%. Beazer Homes USA's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 EPS.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on BZH. StockNews.com upgraded shares of Beazer Homes USA from a "sell" rating to a "hold" rating in a research note on Friday, March 29th. Wedbush restated a "neutral" rating and issued a $33.00 target price on shares of Beazer Homes USA in a research note on Thursday.
Read Our Latest Stock Analysis on BZH
Institutional Trading of Beazer Homes USA
Several hedge funds have recently made changes to their positions in the company. BluePath Capital Management LLC acquired a new stake in shares of Beazer Homes USA in the third quarter valued at about $31,000. Yorktown Management & Research Co Inc acquired a new stake in shares of Beazer Homes USA in the third quarter valued at about $341,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Beazer Homes USA by 3,734.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 200,802 shares of the construction company's stock valued at $5,002,000 after purchasing an additional 195,565 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Beazer Homes USA by 433.9% in the third quarter. Teacher Retirement System of Texas now owns 190,365 shares of the construction company's stock valued at $4,742,000 after purchasing an additional 154,711 shares during the period. Finally, Principal Financial Group Inc. acquired a new stake in shares of Beazer Homes USA in the third quarter valued at about $227,000. Institutional investors and hedge funds own 85.65% of the company's stock.
Beazer Homes USA Price Performance
The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.32 and a current ratio of 13.95. The company's fifty day simple moving average is $29.79 and its two-hundred day simple moving average is $29.47. The stock has a market capitalization of $852.17 million, a PE ratio of 5.35 and a beta of 2.25.
Beazer Homes USA Company Profile
(
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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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