Beazer Homes USA (NYSE:BZH) Sees Large Volume Increase After Strong Earnings

Beazer Homes USA, Inc. (NYSE:BZH) shares saw strong trading volume on Thursday following a stronger than expected earnings report. 235,166 shares changed hands during trading, a decline of 27% from the previous session’s volume of 321,234 shares.The stock last traded at $25.66 and had previously closed at $28.20.

The construction company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.91 by $0.35. Beazer Homes USA had a return on equity of 14.20% and a net margin of 7.48%. The company had revenue of $541.50 million during the quarter, compared to the consensus estimate of $569.88 million. During the same period in the previous year, the company posted $1.13 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wedbush restated a “neutral” rating and set a $33.00 price objective on shares of Beazer Homes USA in a research report on Thursday. StockNews.com lowered shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Friday.

Institutional Trading of Beazer Homes USA

Several hedge funds and other institutional investors have recently made changes to their positions in the company. DGS Capital Management LLC boosted 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 valued at $322,000 after acquiring an additional 386 shares during the last quarter. Capstone Investment Advisors LLC increased its position in shares of Beazer Homes USA by 8.2% during the first quarter. Capstone Investment Advisors LLC now owns 7,071 shares of the construction company’s stock worth $232,000 after buying an additional 533 shares during the period. Barclays PLC raised its stake in Beazer Homes USA by 1.7% during the third quarter. Barclays PLC now owns 33,188 shares of the construction company’s stock worth $827,000 after buying an additional 559 shares during the last quarter. Swiss National Bank lifted its holdings in Beazer Homes USA by 1.0% in the third quarter. Swiss National Bank now owns 62,100 shares of the construction company’s stock valued at $1,547,000 after buying an additional 600 shares during the period. Finally, Jump Financial LLC boosted its position in Beazer Homes USA by 1.6% during the third quarter. Jump Financial LLC now owns 49,277 shares of the construction company’s stock valued at $1,227,000 after acquiring an additional 776 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Beazer Homes USA Stock Performance

The stock has a fifty day simple moving average of $29.79 and a two-hundred day simple moving average of $29.47. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.32 and a current ratio of 13.95. The stock has a market capitalization of $873.62 million, a price-to-earnings ratio of 5.35 and a beta of 2.25.

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.