Beazer Homes USA (NYSE:BZH) Stock Price Up 3.9% – Here’s What Happened

Beazer Homes USA, Inc. (NYSE:BZH)’s stock price traded up 3.9% during trading on Friday . The company traded as high as $20.29 and last traded at $19.76. 437,446 shares were traded during mid-day trading, a decline of 3% from the average session volume of 448,761 shares. The stock had previously closed at $19.02.

Analyst Ratings Changes

Separately, Wedbush reiterated an “outperform” rating and set a $45.00 target price on shares of Beazer Homes USA in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating and three have issued 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 $39.67.

Beazer Homes USA Stock Up 6.8 %

The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $633.89 million, a price-to-earnings ratio of 5.17, a price-to-earnings-growth ratio of 0.35 and a beta of 2.26. The firm has a 50 day moving average price of $22.88 and a two-hundred day moving average price of $28.36.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Thursday, January 30th. The construction company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.21). Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. On average, equities analysts expect that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Mill Road Capital Management LLC increased its holdings in Beazer Homes USA by 81.0% during the 4th quarter. Mill Road Capital Management LLC now owns 666,058 shares of the construction company’s stock worth $18,290,000 after purchasing an additional 297,989 shares during the last quarter. Norges Bank bought a new position in Beazer Homes USA during the 4th quarter valued at $4,149,000. Algert Global LLC grew its holdings in Beazer Homes USA by 582.0% during the 4th quarter. Algert Global LLC now owns 160,008 shares of the construction company’s stock worth $4,394,000 after acquiring an additional 136,548 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Beazer Homes USA by 783.6% in the 3rd quarter. Janus Henderson Group PLC now owns 123,702 shares of the construction company’s stock worth $4,227,000 after purchasing an additional 109,702 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Beazer Homes USA in the 3rd quarter worth about $3,362,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

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.