Beazer Homes USA (NYSE:BZH) Sees Unusually-High Trading Volume on Earnings Beat

Beazer Homes USA, Inc. (NYSE:BZH) shares saw strong trading volume on Thursday following a better than expected earnings announcement. 235,166 shares traded hands during trading, a decline of 27% from the previous session’s volume of 321,234 shares.The stock last traded at $25.66 and had previously closed at $28.20.

The construction company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.35. The company had revenue of $541.50 million for the quarter, compared to analyst estimates of $569.88 million. Beazer Homes USA had a return on equity of 14.20% and a net margin of 7.48%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 EPS.

Wall Street Analyst Weigh In

BZH has been the subject of several recent analyst reports. Wedbush restated a “neutral” rating and issued a $33.00 price target on shares of Beazer Homes USA in a research note on Thursday. StockNews.com downgraded shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Friday.

Institutional Investors Weigh In On Beazer Homes USA

Institutional investors have recently modified their holdings of the company. Donald Smith & CO. Inc. grew its holdings in shares of Beazer Homes USA by 58.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock worth $87,403,000 after purchasing an additional 958,814 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Beazer Homes USA in the fourth quarter valued at approximately $24,971,000. Vanguard Group Inc. boosted its holdings in shares of Beazer Homes USA by 31.2% in the third quarter. Vanguard Group Inc. now owns 2,194,979 shares of the construction company’s stock valued at $54,677,000 after acquiring an additional 521,596 shares during the period. Brightline Capital Management LLC purchased a new position in shares of Beazer Homes USA during the fourth quarter worth approximately $10,137,000. Finally, Invesco Ltd. increased its holdings in shares of Beazer Homes USA by 152.0% in the 3rd quarter. Invesco Ltd. now owns 485,318 shares of the construction company’s stock valued at $12,089,000 after acquiring an additional 292,706 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Stock Up 2.5 %

The firm has a market capitalization of $873.62 million, a price-to-earnings ratio of 5.35 and a beta of 2.25. The business’s fifty day moving average price is $29.79 and its 200 day moving average price is $29.47. The company has a current ratio of 13.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.87.

About Beazer Homes USA

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.