Beazer Homes USA (NYSE:BZH) Shares Gap Up – What’s Next?

Beazer Homes USA, Inc. (NYSE:BZH) gapped up before the market opened on Tuesday . The stock had previously closed at $22.60, but opened at $24.18. Beazer Homes USA shares last traded at $23.33, with a volume of 95,500 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued an “outperform” rating and issued a $45.00 price target on shares of Beazer Homes USA in a research note 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, the company has a consensus rating of “Hold” and a consensus target price of $39.67.

Beazer Homes USA Stock Performance

The company has a 50 day moving average of $27.37 and a two-hundred day moving average of $30.36. 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 company has a market capitalization of $759.41 million, a PE ratio of 6.19, a PEG ratio of 0.32 and a beta of 2.22.

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

Institutional Investors Weigh In On Beazer Homes USA

Several hedge funds have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. purchased a new position in shares of Beazer Homes USA in the 3rd quarter worth about $125,000. Systematic Financial Management LP bought a new position in shares of Beazer Homes USA in the third quarter worth approximately $182,000. KLP Kapitalforvaltning AS bought a new position in shares of Beazer Homes USA in the fourth quarter worth approximately $148,000. Metis Global Partners LLC purchased a new stake in shares of Beazer Homes USA during the third quarter valued at approximately $201,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Beazer Homes USA during the third quarter valued at approximately $262,000. 85.65% of the stock is owned by institutional investors.

About Beazer Homes USA

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.