Beazer Homes USA, Inc. (NYSE:BZH) Sees Significant Drop in Short Interest

Beazer Homes USA, Inc. (NYSE:BZH) saw a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,470,000 shares, a decrease of 13.5% from the January 15th total of 1,700,000 shares. Currently, 5.1% of the company’s stock are sold short. Based on an average trading volume of 384,600 shares, the short-interest ratio is presently 3.8 days.

Beazer Homes USA Stock Down 0.5 %

NYSE:BZH opened at $24.97 on Tuesday. The firm has a market capitalization of $778.97 million, a P/E ratio of 6.40, a PEG ratio of 0.32 and a beta of 2.22. Beazer Homes USA has a 1-year low of $20.66 and a 1-year high of $38.22. The company’s fifty day moving average price is $27.05 and its 200-day moving average price is $30.21. The company has a debt-to-equity ratio of 0.87, a current ratio of 15.52 and a quick ratio of 1.25.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Thursday, January 30th. The construction company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. As a group, equities research analysts anticipate that Beazer Homes USA will post 3.48 EPS for the current year.

Analyst Ratings Changes

Separately, Wedbush reissued an “outperform” rating and set a $45.00 target price on shares of Beazer Homes USA in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.67.

Institutional Trading of Beazer Homes USA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BZH. Sterling Capital Management LLC lifted its holdings in Beazer Homes USA by 776.2% during the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock valued at $25,000 after purchasing an additional 815 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Beazer Homes USA in the fourth quarter worth about $34,000. Quarry LP purchased a new position in shares of Beazer Homes USA in the fourth quarter worth about $69,000. Point72 Asset Management L.P. purchased a new position in Beazer Homes USA during the third quarter worth about $125,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Beazer Homes USA during the fourth quarter worth about $148,000. 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.