Beazer Homes USA (NYSE:BZH) Stock Price Up 4.9% - Still a Buy?

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report)'s stock price was up 4.9% during mid-day trading on Tuesday . The company traded as high as $23.59 and last traded at $23.84. Approximately 24,813 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 473,710 shares. The stock had previously closed at $22.73.

Wall Street Analysts Forecast Growth

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

Beazer Homes USA Stock Down 0.9 %

The stock's 50 day moving average is $25.69 and its 200 day moving average is $29.88. The company has a market capitalization of $694.11 million, a PE ratio of 5.66, a PEG ratio of 0.35 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 released its quarterly earnings data on Thursday, January 30th. The construction company reported $0.10 EPS 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, sell-side analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

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Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BZH. Creative Planning purchased a new position in Beazer Homes USA during the third quarter worth about $286,000. Harbor Capital Advisors Inc. grew its holdings in shares of Beazer Homes USA by 4.1% during the third quarter. Harbor Capital Advisors Inc. now owns 10,390 shares of the construction company's stock worth $355,000 after purchasing an additional 408 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Beazer Homes USA by 170.8% in the third quarter. GSA Capital Partners LLP now owns 40,948 shares of the construction company's stock worth $1,399,000 after purchasing an additional 25,829 shares during the last quarter. Winslow Asset Management Inc. raised its stake in Beazer Homes USA by 0.4% in the third quarter. Winslow Asset Management Inc. now owns 491,330 shares of the construction company's stock valued at $16,789,000 after purchasing an additional 1,717 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Beazer Homes USA by 711.4% in the third quarter. Victory Capital Management Inc. now owns 225,453 shares of the construction company's stock valued at $7,704,000 after purchasing an additional 197,666 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

About Beazer Homes USA

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.