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

Beazer Homes USA, Inc. (NYSE:BZH) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 1,590,000 shares, a decrease of 5.9% from the August 31st total of 1,690,000 shares. Approximately 5.5% of the company’s shares are short sold. Based on an average daily volume of 421,400 shares, the short-interest ratio is presently 3.8 days.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Wedbush upgraded Beazer Homes USA from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $41.00 to $45.00 in a report on Thursday, September 5th. Zelman & Associates reiterated an “underperform” rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Finally, B. Riley decreased their target price on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.67.

Insider Buying and Selling

In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 13,462 shares of Beazer Homes USA stock in a transaction on Friday, July 12th. The shares were sold at an average price of $30.73, for a total value of $413,687.26. Following the transaction, the executive vice president now owns 164,119 shares in the company, valued at approximately $5,043,376.87. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 13,462 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $30.73, for a total transaction of $413,687.26. Following the completion of the sale, the executive vice president now directly owns 164,119 shares in the company, valued at $5,043,376.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Keith L. Belknap, Jr. sold 13,300 shares of Beazer Homes USA stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $31.17, for a total value of $414,561.00. Following the completion of the transaction, the executive vice president now directly owns 150,819 shares in the company, valued at $4,701,028.23. The disclosure for this sale can be found here. 6.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BZH. Innealta Capital LLC bought a new stake in shares of Beazer Homes USA in the 2nd quarter worth about $88,000. Belpointe Asset Management LLC bought a new position in Beazer Homes USA during the 4th quarter worth approximately $207,000. Capstone Investment Advisors LLC acquired a new position in shares of Beazer Homes USA in the 4th quarter worth approximately $221,000. DGS Capital Management LLC increased its holdings in shares of Beazer Homes USA by 4.1% in the 1st quarter. DGS Capital Management LLC now owns 9,817 shares of the construction company’s stock valued at $322,000 after acquiring an additional 386 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Beazer Homes USA by 10.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,982 shares of the construction company’s stock valued at $274,000 after acquiring an additional 967 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Beazer Homes USA Trading Up 4.1 %

NYSE:BZH opened at $33.97 on Monday. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 6.56, a price-to-earnings-growth ratio of 1.59 and a beta of 2.17. Beazer Homes USA has a one year low of $22.03 and a one year high of $35.20. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.92 and a current ratio of 12.42. The business’s 50-day simple moving average is $31.22 and its 200 day simple moving average is $29.65.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, August 1st. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. Beazer Homes USA had a return on equity of 12.61% and a net margin of 6.63%. The company had revenue of $595.68 million for the quarter, compared to analyst estimates of $597.67 million. During the same period in the prior year, the company posted $1.24 EPS. Beazer Homes USA’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, sell-side analysts predict that Beazer Homes USA will post 4.2 earnings per share for the current fiscal year.

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.