Short Interest in Beazer Homes USA, Inc. (NYSE:BZH) Increases By 6.2%

Beazer Homes USA, Inc. (NYSE:BZH) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 1,370,000 shares, a growth of 6.2% from the May 31st total of 1,290,000 shares. Based on an average daily volume of 362,600 shares, the short-interest ratio is presently 3.8 days. Approximately 4.7% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BZH shares. StockNews.com upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Tuesday, June 4th. Wedbush reiterated a “neutral” rating and set a $33.00 price objective on shares of Beazer Homes USA in a report on Thursday, May 2nd. Finally, Oppenheimer began coverage on Beazer Homes USA in a report on Friday, May 31st. They issued an “outperform” rating and a $37.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Beazer Homes USA currently has an average rating of “Moderate Buy” and an average target price of $36.00.

Beazer Homes USA Stock Performance

Shares of Beazer Homes USA stock traded up $0.15 during trading hours on Wednesday, reaching $26.42. The company’s stock had a trading volume of 147,377 shares, compared to its average volume of 346,173. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 13.50. Beazer Homes USA has a one year low of $22.03 and a one year high of $35.93. The company’s 50 day simple moving average is $28.07 and its 200 day simple moving average is $29.87. The stock has a market cap of $833.55 million, a P/E ratio of 5.07, a price-to-earnings-growth ratio of 1.18 and a beta of 2.16.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.35. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The business had revenue of $541.50 million for the quarter, compared to the consensus estimate of $569.88 million. During the same quarter last year, the business posted $1.13 EPS. The business’s revenue was down .4% on a year-over-year basis. As a group, analysts expect that Beazer Homes USA will post 4.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Keith L. Belknap, Jr. sold 15,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $28.31, for a total transaction of $424,650.00. Following the sale, the executive vice president now owns 195,819 shares of the company’s stock, valued at $5,543,635.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.99% of the company’s stock.

Institutional Trading of Beazer Homes USA

Large investors have recently modified their holdings of the company. USA Financial Formulas raised its position in shares of Beazer Homes USA by 4,947.1% during the 4th quarter. USA Financial Formulas now owns 858 shares of the construction company’s stock worth $29,000 after buying an additional 841 shares in the last quarter. AJOVista LLC bought a new stake in shares of Beazer Homes USA in the 4th quarter worth $37,000. Aigen Investment Management LP acquired a new stake in shares of Beazer Homes USA in the fourth quarter valued at $201,000. Belpointe Asset Management LLC acquired a new position in Beazer Homes USA during the fourth quarter worth about $207,000. Finally, Edmonds Duncan Registered Investment Advisors LLC acquired a new stake in Beazer Homes USA in the 4th quarter valued at about $217,000. Institutional investors and hedge funds 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.