Beazer Homes USA (NYSE:BZH) Shares Gap Up - Here's What Happened

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $22.60, but opened at $24.18. Beazer Homes USA shares last traded at $23.33, with a volume of 95,500 shares changing hands.

Analyst Ratings Changes

Separately, Wedbush reissued an "outperform" rating and issued a $45.00 price objective on shares of Beazer Homes USA in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, Beazer Homes USA currently has a consensus rating of "Hold" and an average target price of $39.67.

Beazer Homes USA Price Performance

The stock's 50-day moving average is $27.20 and its two-hundred day moving average is $30.32. The stock has a market cap of $780.47 million, a PE ratio of 6.37, a PEG ratio of 0.32 and a beta of 2.22. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The construction company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. On average, equities analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Hedge Funds Weigh In On Beazer Homes USA

A number of institutional investors and hedge funds have recently made changes to their positions in BZH. Mill Road Capital Management LLC lifted its stake in Beazer Homes USA by 81.0% during the fourth quarter. Mill Road Capital Management LLC now owns 666,058 shares of the construction company's stock worth $18,290,000 after purchasing an additional 297,989 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Beazer Homes USA by 9.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,807 shares of the construction company's stock valued at $572,000 after purchasing an additional 1,757 shares during the last quarter. Hsbc Holdings PLC grew its position in Beazer Homes USA by 22.5% in the 4th quarter. Hsbc Holdings PLC now owns 59,040 shares of the construction company's stock valued at $1,627,000 after buying an additional 10,854 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Beazer Homes USA by 61.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,018 shares of the construction company's stock worth $165,000 after acquiring an additional 2,290 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in shares of Beazer Homes USA by 4.8% in the fourth quarter. MetLife Investment Management LLC now owns 18,234 shares of the construction company's stock valued at $501,000 after buying an additional 835 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

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.