Beazer Homes USA (NYSE:BZH) Sees Unusually-High Trading Volume – Here’s What Happened

Beazer Homes USA, Inc. (NYSE:BZH) shares saw unusually-high trading volume on Wednesday. 2,660,112 shares were traded during mid-day trading, an increase of 339% from the previous session’s volume of 606,218 shares. The stock last traded at $33.3040 and had previously closed at $33.44.

Wall Street Analyst Weigh In

BZH has been the subject of a number of research analyst reports. Zacks Research cut Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Texas Capital cut shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings raised shares of Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. Finally, Oppenheimer lowered shares of Beazer Homes USA from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Beazer Homes USA Stock Down 0.4%

The company has a quick ratio of 1.28, a current ratio of 14.64 and a debt-to-equity ratio of 1.23. The business has a 50-day moving average price of $33.30 and a 200-day moving average price of $28.39. The firm has a market capitalization of $888.84 million, a PE ratio of -111.12, a price-to-earnings-growth ratio of 1.64 and a beta of 2.19.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Friday, August 7th. The construction company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.18. Beazer Homes USA had a positive return on equity of 0.18% and a negative net margin of 0.37%. The firm had revenue of $516.31 million during the quarter, compared to analysts’ expectations of $510.55 million. During the same quarter last year, the firm earned $0.26 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. Equities research analysts forecast that Beazer Homes USA, Inc. will post -0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Donald Smith & CO. Inc. acquired a new position in Beazer Homes USA in the 2nd quarter valued at about $78,938,000. Dimensional Fund Advisors LP grew its position in Beazer Homes USA by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company’s stock worth $19,236,000 after acquiring an additional 51,284 shares during the period. Governors Lane LP acquired a new stake in shares of Beazer Homes USA during the 2nd quarter worth about $6,097,000. Empowered Funds LLC boosted its position in shares of Beazer Homes USA by 555.9% during the 1st quarter. Empowered Funds LLC now owns 141,377 shares of the construction company’s stock worth $2,720,000 after purchasing an additional 119,822 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Beazer Homes USA during the second quarter worth $2,364,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a residential construction company that designs, builds, markets and sells single-family homes. Its communities generally offer newly constructed homes in a range of floor plans, sizes and price points, with features and options intended to meet the needs of first-time, move-up and other homebuyers.

The company also acquires and develops residential land and provides related services that support the homebuying process. Through affiliated operations, Beazer may offer mortgage origination and other closing-related services to eligible customers.