Beazer Homes USA (NYSE:BZH) Sees Large Volume Increase on Strong Earnings

Beazer Homes USA, Inc. (NYSE:BZH) saw unusually-strong trading volume on Friday following a better than expected earnings announcement. Approximately 3,024,715 shares were traded during trading, an increase of 466% from the previous session’s volume of 534,011 shares.The stock last traded at $33.0370 and had previously closed at $33.46.

The construction company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.18. The firm had revenue of $516.31 million during the quarter, compared to the consensus estimate of $510.55 million. Beazer Homes USA had a positive return on equity of 0.99% and a negative net margin of 0.18%.The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Weiss Ratings upgraded shares of Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 10th. Wall Street Zen cut Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in Beazer Homes USA by 93.9% during the 4th quarter. Royal Bank of Canada now owns 1,883 shares of the construction company’s stock worth $38,000 after buying an additional 912 shares during the period. Comerica Bank acquired a new position in Beazer Homes USA in the 3rd quarter valued at approximately $48,000. Osaic Holdings Inc. raised its stake in shares of Beazer Homes USA by 454.9% during the second quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock valued at $47,000 after acquiring an additional 1,724 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of Beazer Homes USA during the third quarter valued at $70,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Beazer Homes USA by 123.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock worth $78,000 after purchasing an additional 1,933 shares during the period. Institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Trading Down 1.3%

The company has a market cap of $903.09 million, a price-to-earnings ratio of -220.26 and a beta of 2.17. The business’s fifty day moving average price is $29.56 and its 200 day moving average price is $25.16. The company has a debt-to-equity ratio of 1.05, a current ratio of 15.67 and a quick ratio of 1.32.

About Beazer Homes USA

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.