Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $37.88 and last traded at $36.82, with a volume of 282218 shares. The stock had previously closed at $31.96.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. Wedbush raised Beazer Homes USA from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $41.00 to $45.00 in a research note on Thursday, September 5th. StockNews.com downgraded Beazer Homes USA from a "hold" rating to a "sell" rating in a research note on Monday, August 5th. B. Riley reduced their price objective on Beazer Homes USA from $38.00 to $37.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Finally, Zelman & Associates reaffirmed an "underperform" rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $39.67.
Get Our Latest Stock Analysis on BZH
Beazer Homes USA Stock Performance
The company has a current ratio of 12.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.91. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 1.36 and a beta of 2.18. The stock has a fifty day moving average price of $32.40 and a 200 day moving average price of $30.25.
Insider Activity
In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total value of $194,187.42. Following the sale, the chief financial officer now owns 131,004 shares of the company's stock, valued at $4,199,988.24. This trade represents a 4.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.99% of the stock is currently owned by insiders.
Institutional Trading of Beazer Homes USA
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. grew its holdings in Beazer Homes USA by 1.5% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,132,427 shares of the construction company's stock valued at $107,035,000 after buying an additional 45,553 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Beazer Homes USA by 52.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 545,983 shares of the construction company's stock valued at $18,656,000 after buying an additional 188,084 shares during the last quarter. Winslow Asset Management Inc. lifted its position in shares of Beazer Homes USA by 0.4% in the 3rd quarter. Winslow Asset Management Inc. now owns 491,330 shares of the construction company's stock worth $16,789,000 after acquiring an additional 1,717 shares during the period. Boston Partners bought a new stake in shares of Beazer Homes USA in the 1st quarter worth approximately $15,411,000. Finally, First Eagle Investment Management LLC lifted its position in shares of Beazer Homes USA by 27.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 459,645 shares of the construction company's stock worth $12,631,000 after acquiring an additional 99,959 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.
About Beazer Homes USA
(
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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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