Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report)'s stock price was up 3.9% during mid-day trading on Friday . The stock 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.
Analyst Upgrades and Downgrades
Separately, Wedbush reiterated an "outperform" rating and issued a $45.00 price target 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $39.67.
Read Our Latest Stock Analysis on Beazer Homes USA
Beazer Homes USA Trading Up 7.4 %
The firm has a market cap of $613.14 million, a price-to-earnings ratio of 5.00, a P/E/G ratio of 0.35 and a beta of 2.05. The firm's 50-day moving average is $22.20 and its 200-day moving average is $27.91. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87.
Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings results 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 return on equity of 10.12% and a net margin of 5.04%. As a group, sell-side analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.
Institutional Trading of Beazer Homes USA
A number of hedge funds and other institutional investors have recently made changes to their positions in BZH. Sterling Capital Management LLC grew its position in Beazer Homes USA by 776.2% in 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. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Beazer Homes USA in the fourth quarter worth $34,000. Quarry LP purchased a new position in shares of Beazer Homes USA during the fourth quarter valued at approximately $69,000. Point72 Asset Management L.P. bought a new position in Beazer Homes USA in the 3rd quarter worth about $125,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Beazer Homes USA during the 4th quarter valued at $148,000. 85.65% of the stock is currently owned by institutional investors.
About Beazer Homes USA
(
Get Free Report)
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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