Beazer Homes USA (NYSE:BZH) Shares Gap Up – Here’s Why

Beazer Homes USA, Inc. (NYSE:BZH)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $22.60, but opened at $24.18. Beazer Homes USA shares last traded at $23.33, with a volume of 95,500 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wedbush restated an “outperform” rating and issued a $45.00 target price on shares of Beazer Homes USA in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $39.67.

Beazer Homes USA Stock Performance

The stock has a 50 day moving average price of $27.78 and a two-hundred day moving average price of $30.48. The company has a market cap of $722.12 million, a P/E ratio of 5.92, a price-to-earnings-growth ratio of 0.32 and a beta of 2.22. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87.

Beazer Homes USA (NYSE:BZH) last posted its earnings results 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%. On average, research analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Beazer Homes USA

Several institutional investors and hedge funds have recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in shares of Beazer Homes USA during the 3rd quarter worth approximately $125,000. Systematic Financial Management LP acquired a new position in shares of Beazer Homes USA during the 3rd quarter worth $182,000. Metis Global Partners LLC bought a new stake in shares of Beazer Homes USA during the 3rd quarter worth $201,000. Quadrature Capital Ltd acquired a new stake in Beazer Homes USA in the third quarter valued at about $262,000. Finally, Creative Planning acquired a new stake in Beazer Homes USA in the third quarter valued at about $286,000. Institutional investors own 85.65% of the company’s stock.

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.