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

Beazer Homes USA, Inc. (NYSE:BZH)’s stock price rose 3.9% on Friday . The company traded as high as $20.29 and last traded at $19.76. Approximately 437,446 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 448,761 shares. The stock had previously closed at $19.02.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated an “outperform” rating and set a $45.00 price objective on shares of Beazer Homes USA in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $39.67.

Beazer Homes USA Stock Up 6.8 %

The firm has a market capitalization of $633.89 million, a PE ratio of 5.17, a P/E/G ratio of 0.35 and a beta of 2.05. The stock has a 50-day simple moving average of $22.73 and a 200-day simple moving average of $28.23. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87.

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

Institutional Trading of Beazer Homes USA

Several hedge funds and other institutional investors have recently modified their holdings of BZH. Sterling Capital Management LLC lifted its position in shares of Beazer Homes USA by 776.2% during the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock worth $25,000 after acquiring an additional 815 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Beazer Homes USA by 4.8% during the 4th quarter. MetLife Investment Management LLC now owns 18,234 shares of the construction company’s stock valued at $501,000 after purchasing an additional 835 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Beazer Homes USA during the 4th quarter worth about $34,000. Price T Rowe Associates Inc. MD lifted its holdings in Beazer Homes USA by 9.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,807 shares of the construction company’s stock worth $572,000 after purchasing an additional 1,757 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in Beazer Homes USA by 16.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,536 shares of the construction company’s stock worth $530,000 after purchasing an additional 2,197 shares during the period. 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.