Beazer Homes USA, Inc. (NYSE:BZH – Get Free Report) shares traded up 4.1% during trading on Thursday . The stock traded as high as $34.34 and last traded at $34.28. 63,474 shares were traded during trading, a decline of 82% from the average session volume of 357,440 shares. The stock had previously closed at $32.92.
Analysts Set New Price Targets
BZH has been the subject of several recent analyst reports. Wedbush restated a “neutral” rating and issued a $33.00 price target on shares of Beazer Homes USA in a research note on Thursday, May 2nd. StockNews.com raised Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Tuesday, June 4th. Finally, 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 on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.00.
Read Our Latest Stock Analysis on Beazer Homes USA
Beazer Homes USA Stock Performance
The company has a market cap of $999.50 million, a PE ratio of 6.12, a PEG ratio of 1.38 and a beta of 2.16. The company has a debt-to-equity ratio of 0.88, a current ratio of 13.50 and a quick ratio of 1.30. The business has a 50-day moving average of $28.35 and a 200 day moving average of $29.55.
Beazer Homes USA (NYSE:BZH – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The construction company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.35. The firm had revenue of $541.50 million for the quarter, compared to analysts’ expectations of $569.88 million. Beazer Homes USA had a net margin of 7.48% and a return on equity of 13.97%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.13 EPS. Equities research analysts anticipate that Beazer Homes USA, Inc. will post 4.64 EPS for the current fiscal year.
Insider Activity
In related news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 150,819 shares of the company’s stock, valued at approximately $4,701,028.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 in the company, valued at $4,701,028.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Keith L. Belknap, Jr. sold 13,462 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $30.73, for a total value of $413,687.26. Following the completion of the transaction, the executive vice president now directly owns 164,119 shares of the company’s stock, valued at approximately $5,043,376.87. The disclosure for this sale can be found here. Insiders sold a total of 41,762 shares of company stock valued at $1,252,898 in the last 90 days. Company insiders own 6.99% of the company’s stock.
Institutional Investors Weigh In On Beazer Homes USA
A number of institutional investors have recently added to or reduced their stakes in BZH. USA Financial Formulas lifted its holdings in shares of Beazer Homes USA by 4,947.1% in the fourth quarter. USA Financial Formulas now owns 858 shares of the construction company’s stock worth $29,000 after buying an additional 841 shares in the last quarter. AJOVista LLC purchased a new position in shares of Beazer Homes USA during the fourth quarter valued at about $37,000. Aigen Investment Management LP bought a new stake in shares of Beazer Homes USA in the fourth quarter worth about $201,000. Belpointe Asset Management LLC bought a new stake in shares of Beazer Homes USA in the fourth quarter worth about $207,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Beazer Homes USA in the fourth quarter worth about $221,000. 85.65% of the stock is owned by hedge funds and other institutional investors.
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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