Beazer Homes USA (NYSE:BZH) Hits New 52-Week High at $35.20

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $35.20 and last traded at $34.96, with a volume of 247712 shares changing hands. The stock had previously closed at $33.89.

Analysts Set New Price Targets

A number of research firms recently issued reports on BZH. Zelman & Associates reiterated an "underperform" rating on shares of Beazer Homes USA in a research report on Tuesday. Oppenheimer began coverage on shares of Beazer Homes USA in a report on Friday, May 31st. They set an "outperform" rating and a $37.00 price target for the company. StockNews.com downgraded Beazer Homes USA from a "hold" rating to a "sell" rating in a report 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 on the stock in a research report on Friday, August 2nd. Finally, Wedbush upgraded Beazer Homes USA from a "neutral" rating to an "outperform" rating and increased their target price for the company from $41.00 to $45.00 in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $39.67.

Beazer Homes USA Price Performance

The company has a quick ratio of 0.92, a current ratio of 12.42 and a debt-to-equity ratio of 0.91. The stock has a market cap of $1.07 billion, a P/E ratio of 6.51, a P/E/G ratio of 1.48 and a beta of 2.17. The company's 50 day moving average price is $30.81 and its 200-day moving average price is $29.50.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its earnings results on Thursday, August 1st. The construction company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.84 by $0.04. The firm had revenue of $595.68 million for the quarter, compared to the consensus estimate of $597.67 million. Beazer Homes USA had a return on equity of 12.61% and a net margin of 6.63%. The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. As a group, sell-side analysts expect that Beazer Homes USA, Inc. will post 4.2 earnings per share for the current year.

Insider Buying and Selling at Beazer Homes USA

In other news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the business's stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $31.17, for a total value of $414,561.00. Following the transaction, the executive vice president now owns 150,819 shares in the company, valued at approximately $4,701,028.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the business's stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $31.17, for a total value of $414,561.00. Following the transaction, the executive vice president now directly owns 150,819 shares of the company's stock, valued at approximately $4,701,028.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Keith L. Belknap, Jr. sold 13,462 shares of the company's stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $30.73, for a total value of $413,687.26. Following the sale, the executive vice president now owns 164,119 shares in the company, valued at approximately $5,043,376.87. The disclosure for this sale can be found here. Insiders own 6.99% of the company's stock.

Institutional Trading of Beazer Homes USA

Several hedge funds have recently modified their holdings of the stock. DGS Capital Management LLC grew its holdings in Beazer Homes USA by 4.1% in the first quarter. DGS Capital Management LLC now owns 9,817 shares of the construction company's stock worth $322,000 after purchasing an additional 386 shares during the period. Capstone Investment Advisors LLC increased its position in Beazer Homes USA by 8.2% in the 1st quarter. Capstone Investment Advisors LLC now owns 7,071 shares of the construction company's stock valued at $232,000 after buying an additional 533 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Beazer Homes USA by 4.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,184 shares of the construction company's stock worth $417,000 after buying an additional 581 shares during the period. ClariVest Asset Management LLC raised its stake in Beazer Homes USA by 2.8% during the 2nd quarter. ClariVest Asset Management LLC now owns 34,257 shares of the construction company's stock worth $941,000 after buying an additional 918 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Beazer Homes USA by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,780 shares of the construction company's stock valued at $584,000 after acquiring an additional 943 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.

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