Beazer Homes USA (NYSE:BZH) Shares Gap Up to $21.33

Beazer Homes USA, Inc. (NYSE:BZH) shares gapped up before the market opened on Thursday . The stock had previously closed at $21.33, but opened at $22.44. Beazer Homes USA shares last traded at $22.46, with a volume of 662 shares traded.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Zelman & Associates raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Thursday, November 11th. Finally, Wedbush reissued a “neutral” rating and issued a $24.00 price target on shares of Beazer Homes USA in a report on Thursday, November 11th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.67.

The company has a market cap of $688.34 million, a PE ratio of 5.36 and a beta of 1.97. The firm’s fifty day moving average is $21.61 and its 200 day moving average is $19.22. The company has a current ratio of 13.58, a quick ratio of 2.32 and a debt-to-equity ratio of 1.45.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Wednesday, November 10th. The construction company reported $1.57 EPS for the quarter, topping the consensus estimate of $0.82 by $0.75. Beazer Homes USA had a net margin of 5.70% and a return on equity of 18.67%. The company had revenue of $590.94 million during the quarter, compared to analyst estimates of $581.65 million. During the same quarter in the previous year, the firm earned $0.85 EPS. As a group, sell-side analysts anticipate that Beazer Homes USA, Inc. will post 5.01 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors boosted its stake in Beazer Homes USA by 58.3% during the 3rd quarter. Captrust Financial Advisors now owns 1,630 shares of the construction company’s stock worth $28,000 after purchasing an additional 600 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in Beazer Homes USA during the 3rd quarter worth $32,000. US Bancorp DE boosted its stake in Beazer Homes USA by 281.4% during the 2nd quarter. US Bancorp DE now owns 2,128 shares of the construction company’s stock worth $41,000 after purchasing an additional 1,570 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its stake in Beazer Homes USA by 58,522.2% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 5,276 shares of the construction company’s stock worth $102,000 after purchasing an additional 5,267 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Beazer Homes USA by 92.9% during the 2nd quarter. MetLife Investment Management LLC now owns 10,935 shares of the construction company’s stock worth $211,000 after purchasing an additional 5,265 shares during the last quarter. 78.27% of the stock is currently owned by institutional investors.

About Beazer Homes USA (NYSE:BZH)

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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