Beazer Homes USA, Inc. (NYSE:BZH – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,560,000 shares, a growth of 5.4% from the October 15th total of 1,480,000 shares. Based on an average daily volume of 435,800 shares, the short-interest ratio is currently 3.6 days. Approximately 5.6% of the company’s shares are short sold.
Institutional Trading of Beazer Homes USA
A number of hedge funds have recently modified their holdings of the business. Denali Advisors LLC grew its stake in shares of Beazer Homes USA by 59.9% in the 2nd quarter. Denali Advisors LLC now owns 80,100 shares of the construction company’s stock worth $2,266,000 after buying an additional 30,000 shares during the last quarter. Raymond James & Associates purchased a new stake in shares of Beazer Homes USA in the second quarter worth $220,000. Mackenzie Financial Corp bought a new position in shares of Beazer Homes USA during the second quarter valued at $595,000. Arizona State Retirement System purchased a new position in shares of Beazer Homes USA in the 2nd quarter worth about $224,000. Finally, Bank of Montreal Can purchased a new position in shares of Beazer Homes USA in the 2nd quarter worth about $1,095,000. Institutional investors own 79.07% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on BZH shares. Sidoti upgraded shares of Beazer Homes USA from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, August 23rd. StockNews.com assumed coverage on Beazer Homes USA in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Wedbush reaffirmed a “neutral” rating and set a $32.00 price target on shares of Beazer Homes USA in a research report on Friday. B. Riley lifted their price objective on Beazer Homes USA from $28.00 to $38.00 in a research report on Friday, July 28th. Finally, Zelman & Associates raised Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Beazer Homes USA currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.33.
Beazer Homes USA Stock Down 10.2 %
BZH traded down $3.07 on Friday, hitting $27.17. The company had a trading volume of 1,475,149 shares, compared to its average volume of 365,653. The stock has a fifty day simple moving average of $25.51 and a 200-day simple moving average of $25.86. The company has a debt-to-equity ratio of 0.94, a current ratio of 15.28 and a quick ratio of 2.55. The firm has a market capitalization of $851.51 million, a P/E ratio of 4.39 and a beta of 2.33. Beazer Homes USA has a 52-week low of $12.29 and a 52-week high of $35.93.
Beazer Homes USA (NYSE:BZH – Get Free Report) last released its earnings results on Thursday, November 16th. The construction company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.41. Beazer Homes USA had a return on equity of 18.66% and a net margin of 7.94%. The company had revenue of $645.40 million during the quarter, compared to analysts’ expectations of $627.29 million. During the same quarter last year, the business posted $2.82 EPS. The firm’s revenue for the quarter was down 22.0% compared to the same quarter last year. As a group, equities analysts expect that Beazer Homes USA will post 4.74 EPS for the current fiscal year.
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 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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