Beazer Homes USA (NYSE:BZH) Shares Gap Up Following Better-Than-Expected Earnings

Beazer Homes USA, Inc. (NYSE:BZH)’s share price gapped up prior to trading on Friday following a better than expected earnings announcement. The stock had previously closed at $19.53, but opened at $21.40. Beazer Homes USA shares last traded at $20.89, with a volume of 261,380 shares changing hands.

The construction company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.26 by $0.16. The business had revenue of $565.34 million during the quarter, compared to analyst estimates of $543.60 million. Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $1.26 earnings per share.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BZH shares. Oppenheimer reissued an “outperform” rating and set a $33.00 price target (down previously from $37.00) on shares of Beazer Homes USA in a research report on Tuesday. Wedbush reissued an “outperform” rating and issued a $41.00 price target (down previously from $45.00) on shares of Beazer Homes USA in a research report on Friday. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat, Beazer Homes USA currently has an average rating of “Hold” and an average target price of $37.00.

Institutional Trading of Beazer Homes USA

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Beazer Homes USA by 26.3% in the 3rd quarter. Barclays PLC now owns 190,741 shares of the construction company’s stock valued at $6,516,000 after purchasing an additional 39,752 shares in the last quarter. Franklin Resources Inc. raised its stake in Beazer Homes USA by 4.2% in the third quarter. Franklin Resources Inc. now owns 142,220 shares of the construction company’s stock valued at $4,592,000 after buying an additional 5,796 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in Beazer Homes USA by 26.4% during the 4th quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company’s stock worth $689,000 after buying an additional 5,235 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Beazer Homes USA by 17.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 36,015 shares of the construction company’s stock worth $989,000 after acquiring an additional 5,412 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Beazer Homes USA by 68.5% during the 4th quarter. SG Americas Securities LLC now owns 16,908 shares of the construction company’s stock worth $464,000 after acquiring an additional 6,876 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Stock Performance

The firm has a 50 day moving average of $20.47 and a two-hundred day moving average of $26.17. The company has a debt-to-equity ratio of 0.87, a current ratio of 15.52 and a quick ratio of 1.25. The stock has a market cap of $664.94 million, a PE ratio of 5.42, a PEG ratio of 0.35 and a beta of 2.05.

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.