Beazer Homes USA (NYSE:BZH) Sees Large Volume Increase – Here’s What Happened

by · The Markets Daily

Shares of Beazer Homes USA, Inc. (NYSE:BZH – Get Free Report) saw strong trading volume on Wednesday. 2,660,112 shares traded hands during trading, an increase of 339% from the previous session’s volume of 606,218 shares. The stock last traded at $33.3040 and had previously closed at $33.44.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Oppenheimer cut shares of Beazer Homes USA from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. Zacks Research downgraded Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Texas Capital downgraded Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 26th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

View Our Latest Report on Beazer Homes USA

Beazer Homes USA Price Performance

The stock has a market cap of $891.51 million, a P/E ratio of -111.38, a price-to-earnings-growth ratio of 1.63 and a beta of 2.19. The company has a current ratio of 14.64, a quick ratio of 1.28 and a debt-to-equity ratio of 1.23. The company’s fifty day simple moving average is $33.28 and its 200-day simple moving average is $28.59.

Beazer Homes USA (NYSE:BZH – Get Free Report) last released its quarterly earnings data on Friday, August 7th. The construction company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.18. The company had revenue of $516.31 million during the quarter, compared to the consensus estimate of $510.55 million. Beazer Homes USA had a negative net margin of 0.37% and a positive return on equity of 0.18%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. As a group, sell-side analysts forecast that Beazer Homes USA, Inc. will post -0.67 EPS for the current year.

Hedge Funds Weigh In On Beazer Homes USA

Hedge funds have recently modified their holdings of the stock. Fortitude Family Office LLC acquired a new stake in shares of Beazer Homes USA in the 3rd quarter valued at $68,000. GAMMA Investing LLC lifted its holdings in Beazer Homes USA by 37.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,360 shares of the construction company’s stock valued at $45,000 after purchasing an additional 373 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Beazer Homes USA by 130.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,156 shares of the construction company’s stock valued at $139,000 after purchasing an additional 2,352 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Beazer Homes USA during the 2nd quarter valued at about $141,000. Finally, Governors Lane LP bought a new position in Beazer Homes USA during the 2nd quarter valued at about $6,097,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Beazer Homes USA Company Profile

(Get Free Report)

Beazer Homes USA, Inc is a residential construction company that designs, builds, markets and sells single-family homes. Its communities generally offer newly constructed homes in a range of floor plans, sizes and price points, with features and options intended to meet the needs of first-time, move-up and other homebuyers.

The company also acquires and develops residential land and provides related services that support the homebuying process. Through affiliated operations, Beazer may offer mortgage origination and other closing-related services to eligible customers.

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