Beazer Homes USA (NYSE:BZH) Trading Up 8.9% – Should You Buy?

Beazer Homes USA, Inc. (NYSE:BZH) shares shot up 8.9% during trading on Friday . The company traded as high as $23.14 and last traded at $23.19. 325,293 shares changed hands during trading, a decline of 17% from the average session volume of 394,239 shares. The stock had previously closed at $21.30.

Analyst Ratings Changes

BZH has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Zacks Research lowered shares of Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Beazer Homes USA in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Beazer Homes USA has an average rating of “Hold” and a consensus target price of $31.33.

Beazer Homes USA Trading Up 8.8%

The firm has a market capitalization of $683.84 million, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 0.86 and a beta of 2.18. The company has a quick ratio of 2.07, a current ratio of 16.21 and a debt-to-equity ratio of 0.82. The firm’s 50 day moving average is $21.52 and its 200 day moving average is $23.23.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, November 13th. The construction company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.27. The company had revenue of $791.90 million for the quarter, compared to analysts’ expectations of $674.80 million. Beazer Homes USA had a return on equity of 4.46% and a net margin of 1.92%.The firm’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.69 earnings per share. Equities analysts forecast that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Hedge Funds Weigh In On Beazer Homes USA

A number of institutional investors have recently bought and sold shares of BZH. Assenagon Asset Management S.A. lifted its stake in Beazer Homes USA by 0.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 142,287 shares of the construction company’s stock valued at $2,884,000 after buying an additional 715 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Beazer Homes USA by 1,385.2% during the third quarter. JPMorgan Chase & Co. now owns 229,705 shares of the construction company’s stock valued at $5,639,000 after acquiring an additional 214,239 shares during the period. Penn Capital Management Company LLC lifted its position in shares of Beazer Homes USA by 234.2% in the 3rd quarter. Penn Capital Management Company LLC now owns 61,901 shares of the construction company’s stock valued at $1,520,000 after acquiring an additional 43,380 shares in the last quarter. Tweedy Browne Co LLC lifted its position in shares of Beazer Homes USA by 106.2% in the 3rd quarter. Tweedy Browne Co LLC now owns 27,336 shares of the construction company’s stock valued at $671,000 after acquiring an additional 14,082 shares in the last quarter. Finally, Caxton Associates LLP boosted its stake in Beazer Homes USA by 46.6% in the 3rd quarter. Caxton Associates LLP now owns 39,843 shares of the construction company’s stock worth $978,000 after purchasing an additional 12,665 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

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.