Beazer Homes USA (NYSE:BZH) Shares Up 8.9% – Should You Buy?

Beazer Homes USA, Inc. (NYSE:BZH) traded up 8.9% during mid-day trading on Friday . The stock traded as high as $23.14 and last traded at $23.19. 325,293 shares were traded during trading, a decline of 17% from the average session volume of 394,239 shares. The stock had previously closed at $21.30.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BZH. Weiss Ratings reissued a “hold (c)” rating on shares of Beazer Homes USA in a research report on Monday, December 29th. Wall Street Zen upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Zacks Research cut Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $31.33.

Beazer Homes USA Stock Performance

The firm’s fifty day moving average price is $21.54 and its 200-day moving average price is $23.24. The company has a market cap of $683.79 million, a P/E ratio of 15.15, a P/E/G ratio of 0.99 and a beta of 2.18. The company has a current ratio of 16.21, a quick ratio of 2.07 and a debt-to-equity ratio of 0.82.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, November 13th. The construction company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.27. Beazer Homes USA had a net margin of 1.92% and a return on equity of 4.46%. The business had revenue of $791.90 million during the quarter, compared to analysts’ expectations of $674.80 million. During the same quarter last year, the company earned $1.69 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. As a group, research analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in Beazer Homes USA during the third quarter worth $37,000. Comerica Bank acquired a new stake in shares of Beazer Homes USA during the 3rd quarter valued at about $48,000. Osaic Holdings Inc. increased its stake in Beazer Homes USA by 454.9% in the second quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock valued at $47,000 after acquiring an additional 1,724 shares during the period. Aquatic Capital Management LLC acquired a new position in Beazer Homes USA in the third quarter worth about $70,000. Finally, Tower Research Capital LLC TRC lifted its stake in Beazer Homes USA by 123.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock worth $78,000 after purchasing an additional 1,933 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

About Beazer Homes USA

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.