Beazer Homes USA, Inc. (NYSE:BZH – Get Rating) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 1,350,000 shares, a decline of 10.0% from the August 15th total of 1,500,000 shares. Currently, 4.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 395,400 shares, the short-interest ratio is currently 3.4 days.
Beazer Homes USA Price Performance
BZH traded down $0.47 during trading on Tuesday, hitting $11.92. 882,691 shares of the stock traded hands, compared to its average volume of 400,936. Beazer Homes USA has a twelve month low of $10.09 and a twelve month high of $23.97. The company has a market cap of $372.80 million, a price-to-earnings ratio of 2.01 and a beta of 2.00. The company has a debt-to-equity ratio of 1.23, a current ratio of 13.55 and a quick ratio of 0.80. The business has a 50 day moving average price of $14.32 and a 200 day moving average price of $14.64.
Get Beazer Homes USA alerts:Beazer Homes USA (NYSE:BZH – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The construction company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.42 by $0.34. Beazer Homes USA had a net margin of 8.76% and a return on equity of 23.23%. The business had revenue of $526.67 million during the quarter, compared to the consensus estimate of $546.33 million. During the same period in the previous year, the business earned $1.26 earnings per share. The company's revenue was down 7.8% on a year-over-year basis. Equities research analysts forecast that Beazer Homes USA will post 6.45 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, B. Riley dropped their price target on shares of Beazer Homes USA from $23.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday, June 16th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $21.50.Institutional Trading of Beazer Homes USA
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. National Bank of Canada FI grew its stake in shares of Beazer Homes USA by 22.2% during the second quarter. National Bank of Canada FI now owns 3,612 shares of the construction company's stock worth $44,000 after buying an additional 655 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Beazer Homes USA by 60.3% in the second quarter. Captrust Financial Advisors now owns 2,618 shares of the construction company's stock worth $32,000 after purchasing an additional 985 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Beazer Homes USA by 2.4% in the second quarter. Rhumbline Advisers now owns 48,154 shares of the construction company's stock worth $581,000 after purchasing an additional 1,137 shares during the last quarter. Range Financial Group LLC grew its stake in shares of Beazer Homes USA by 5.9% in the second quarter. Range Financial Group LLC now owns 30,597 shares of the construction company's stock worth $369,000 after purchasing an additional 1,715 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new stake in shares of Beazer Homes USA in the fourth quarter worth $49,000. Institutional investors own 78.40% of the company's stock.
About Beazer Homes USA
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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 sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Maryland, Indiana, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.
Further Reading
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