Beazer Homes USA (NYSE:BZH) Hits New 1-Year High – Here’s What Happened

Beazer Homes USA, Inc. (NYSE:BZH) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $37.88 and last traded at $36.82, with a volume of 282218 shares. The stock had previously closed at $31.96.

Analyst Ratings Changes

A number of research analysts recently weighed in on BZH shares. StockNews.com lowered shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Wedbush upgraded Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $41.00 to $45.00 in a research note on Thursday, September 5th. Zelman & Associates reaffirmed an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. Finally, B. Riley dropped their price target on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Beazer Homes USA has an average rating of “Hold” and a consensus target price of $39.67.

Beazer Homes USA Trading Up 15.1 %

The company has a quick ratio of 0.92, a current ratio of 12.42 and a debt-to-equity ratio of 0.91. The firm has a market cap of $1.14 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 1.36 and a beta of 2.18. The firm’s 50-day simple moving average is $32.40 and its 200 day simple moving average is $30.25.

Insider Activity at Beazer Homes USA

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of the sale, the chief financial officer now directly owns 131,004 shares of the company’s stock, valued at $4,199,988.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.99% of the stock is owned by company insiders.

Institutional Trading of Beazer Homes USA

Hedge funds and other institutional investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Beazer Homes USA in the 3rd quarter worth approximately $1,370,000. Quantbot Technologies LP grew its position in shares of Beazer Homes USA by 70.7% in the third quarter. Quantbot Technologies LP now owns 35,801 shares of the construction company’s stock valued at $1,223,000 after purchasing an additional 14,834 shares in the last quarter. Fisher Asset Management LLC purchased a new position in Beazer Homes USA during the 3rd quarter valued at about $1,653,000. Intech Investment Management LLC bought a new stake in shares of Beazer Homes USA during the third quarter valued at about $371,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Beazer Homes USA by 5.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 131,981 shares of the construction company’s stock worth $4,510,000 after buying an additional 6,841 shares in the last quarter. Institutional investors 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.