Beazer Homes USA (NYSE:BZH) Hits New 12-Month High – Still a Buy?

Shares of Beazer Homes USA, Inc. (NYSE:BZH) hit a new 52-week high during trading on Thursday . The company traded as high as $37.88 and last traded at $36.82, with a volume of 282218 shares. The stock had previously closed at $31.96.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BZH. B. Riley reduced their target price on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Zelman & Associates restated an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. Wedbush upgraded Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $41.00 to $45.00 in a research note on Thursday, September 5th. Finally, StockNews.com lowered Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.67.

Beazer Homes USA Stock Performance

The business’s 50 day simple moving average is $32.40 and its 200 day simple moving average is $30.25. The company has a current ratio of 12.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.91. The company has a market cap of $1.14 billion, a P/E ratio of 7.94, a PEG ratio of 1.36 and a beta of 2.18.

Insider Activity at Beazer Homes USA

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total transaction of $194,187.42. Following the sale, the chief financial officer now directly owns 131,004 shares of the company’s stock, valued at $4,199,988.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Beazer Homes USA

Several hedge funds have recently modified their holdings of the stock. Donald Smith & CO. Inc. lifted its stake in Beazer Homes USA by 1.5% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,132,427 shares of the construction company’s stock worth $107,035,000 after purchasing an additional 45,553 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Beazer Homes USA by 52.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 545,983 shares of the construction company’s stock valued at $18,656,000 after buying an additional 188,084 shares in the last quarter. Winslow Asset Management Inc. increased its stake in Beazer Homes USA by 0.4% in the 3rd quarter. Winslow Asset Management Inc. now owns 491,330 shares of the construction company’s stock worth $16,789,000 after acquiring an additional 1,717 shares during the last quarter. Boston Partners purchased a new stake in shares of Beazer Homes USA during the 1st quarter worth approximately $15,411,000. Finally, First Eagle Investment Management LLC grew its holdings in shares of Beazer Homes USA by 27.8% in the second quarter. First Eagle Investment Management LLC now owns 459,645 shares of the construction company’s stock valued at $12,631,000 after purchasing an additional 99,959 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

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.