Beazer Homes USA (NYSE:BZH) Sees Large Volume Increase - Here's What Happened

Key Points

• Trading volume surged 339% to approximately 2.66 million shares, while Beazer Homes shares traded near $33.30.
• Analyst sentiment weakened, with Zacks Research and Texas Capital downgrading the stock to “Hold” and Oppenheimer moving to “Market Perform.” MarketBeat reports an average rating of “Reduce.”
• The company beat quarterly EPS and revenue estimates, but revenue fell 5.3% year over year and analysts expect a full-year loss of $0.67 per share. Institutional investors own approximately 85.65% of the stock.

Shares of Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) saw strong trading volume on Wednesday. Approximately 2,660,112 shares were traded during mid-day trading, an increase of 339% from the previous session's volume of 606,218 shares. The stock last traded at $33.3040 and had previously closed at $33.44.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Zacks Research lowered shares of Beazer Homes USA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 1st. Texas Capital downgraded shares of Beazer Homes USA from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Weiss Ratings upgraded shares of Beazer Homes USA from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 26th. Finally, Oppenheimer lowered shares of Beazer Homes USA from an "outperform" rating to a "market perform" rating in a report on Friday, August 7th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Reduce".

Beazer Homes USA Stock Performance

The company has a quick ratio of 1.28, a current ratio of 14.64 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $888.84 million, a PE ratio of -111.12, a PEG ratio of 1.64 and a beta of 2.19. The business has a 50 day simple moving average of $33.30 and a 200 day simple moving average of $28.39.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The construction company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $0.18. Beazer Homes USA had a negative net margin of 0.37% and a positive return on equity of 0.18%. The business had revenue of $516.31 million for the quarter, compared to analyst estimates of $510.55 million. During the same quarter in the prior year, the business posted $0.26 EPS. Beazer Homes USA's revenue for the quarter was down 5.3% compared to the same quarter last year. Equities research analysts predict that Beazer Homes USA, Inc. will post -0.67 EPS for the current fiscal year.

Institutional Trading of Beazer Homes USA

Several institutional investors and hedge funds have recently bought and sold shares of the business. Donald Smith & CO. Inc. purchased a new position in Beazer Homes USA during the second quarter valued at $78,938,000. Dimensional Fund Advisors LP grew its position in shares of Beazer Homes USA by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company's stock valued at $19,236,000 after purchasing an additional 51,284 shares during the period. Governors Lane LP acquired a new stake in shares of Beazer Homes USA in the second quarter valued at about $6,097,000. Empowered Funds LLC grew its position in shares of Beazer Homes USA by 555.9% in the first quarter. Empowered Funds LLC now owns 141,377 shares of the construction company's stock valued at $2,720,000 after purchasing an additional 119,822 shares during the period. Finally, Jamison Private Wealth Management Inc. increased its stake in shares of Beazer Homes USA by 31.5% during the first quarter. Jamison Private Wealth Management Inc. now owns 104,498 shares of the construction company's stock worth $2,011,000 after purchasing an additional 25,044 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a residential construction company that designs, builds, markets and sells single-family homes. Its communities generally offer newly constructed homes in a range of floor plans, sizes and price points, with features and options intended to meet the needs of first-time, move-up and other homebuyers.

The company also acquires and develops residential land and provides related services that support the homebuying process. Through affiliated operations, Beazer may offer mortgage origination and other closing-related services to eligible customers.

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