Beazer Homes USA (NYSE:BZH) Shares Up 4.9% – Time to Buy?

Beazer Homes USA, Inc. (NYSE:BZH)’s share price was up 4.9% during mid-day trading on Tuesday . The company traded as high as $23.59 and last traded at $23.84. Approximately 24,813 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 473,710 shares. The stock had previously closed at $22.73.

Analyst Ratings Changes

Separately, Wedbush reaffirmed an “outperform” rating and set a $45.00 price target on shares of Beazer Homes USA in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.67.

Beazer Homes USA Price Performance

The stock has a market capitalization of $739.98 million, a P/E ratio of 6.03, a PEG ratio of 0.35 and a beta of 2.22. The company has a 50 day moving average of $26.14 and a 200-day moving average of $30.04. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87.

Beazer Homes USA (NYSE:BZH) last issued 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%. Sell-side analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Hedge Funds Weigh In On Beazer Homes USA

Large investors have recently bought and sold shares of the business. Sterling Capital Management LLC lifted its holdings in shares of Beazer Homes USA by 776.2% in the 4th quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock worth $25,000 after purchasing an additional 815 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Beazer Homes USA during the 4th quarter worth $34,000. Quarry LP acquired a new stake in Beazer Homes USA in the fourth quarter worth $69,000. Point72 Asset Management L.P. bought a new stake in Beazer Homes USA in the third quarter valued at $125,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Beazer Homes USA during the fourth quarter valued at $148,000. 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.