Beazer Homes USA, Inc. (NYSE:BZH – Get Rating) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 1,060,000 shares, a decrease of 8.6% from the March 15th total of 1,160,000 shares. Based on an average daily volume of 257,900 shares, the days-to-cover ratio is presently 4.1 days. Approximately 3.8% of the shares of the stock are sold short.
Wall Street Analysts Forecast Growth
BZH has been the subject of a number of research reports. Wedbush reiterated a “neutral” rating on shares of Beazer Homes USA in a research note on Friday, February 3rd. StockNews.com initiated coverage on Beazer Homes USA in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, B. Riley lifted their price target on shares of Beazer Homes USA from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, February 6th.
Beazer Homes USA Stock Up 2.1 %
Shares of NYSE:BZH traded up $0.35 during mid-day trading on Friday, hitting $17.16. 211,632 shares of the company traded hands, compared to its average volume of 249,372. The stock has a market cap of $537.97 million, a P/E ratio of 2.51 and a beta of 2.16. The stock has a 50-day moving average price of $15.26 and a two-hundred day moving average price of $13.80. Beazer Homes USA has a 12-month low of $9.47 and a 12-month high of $17.64. The company has a current ratio of 18.44, a quick ratio of 1.79 and a debt-to-equity ratio of 1.02.
Beazer Homes USA (NYSE:BZH – Get Rating) last posted its earnings results on Thursday, February 2nd. The construction company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. Beazer Homes USA had a net margin of 9.11% and a return on equity of 23.62%. The firm had revenue of $444.93 million during the quarter, compared to analyst estimates of $456.06 million. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Beazer Homes USA will post 3.56 earnings per share for the current year.
Institutional Investors Weigh In On Beazer Homes USA
Several institutional investors and hedge funds have recently added to or reduced their stakes in BZH. SG Americas Securities LLC increased its position in shares of Beazer Homes USA by 68.4% during the third quarter. SG Americas Securities LLC now owns 32,375 shares of the construction company’s stock valued at $313,000 after acquiring an additional 13,154 shares during the last quarter. Counterpoint Mutual Funds LLC boosted its holdings in shares of Beazer Homes USA by 73.6% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 18,462 shares of the construction company’s stock worth $179,000 after buying an additional 7,829 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Beazer Homes USA during the third quarter valued at about $62,000. Assenagon Asset Management S.A. increased its stake in shares of Beazer Homes USA by 13.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 267,244 shares of the construction company’s stock worth $3,410,000 after purchasing an additional 31,984 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Beazer Homes USA by 18.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 14,363 shares of the construction company’s stock worth $139,000 after purchasing an additional 2,240 shares during the period. Hedge funds and other institutional investors own 78.95% of the company’s stock.
Beazer Homes USA Company Profile
Beazer Homes USA, Inc engages in the design and sale of single-family and multi-family homes. It operates through the following geographical segments: West, East, and Southeast. The West segment includes Arizona, California, Nevada, and Texas. The East segment consists of Delaware, Indiana, Maryland, Tennessee, and Virginia.
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