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

Beazer Homes USA, Inc. (NYSE:BZH) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 1,650,000 shares, an increase of 6.5% from the December 15th total of 1,550,000 shares. Approximately 5.7% of the company’s stock are sold short. Based on an average daily volume of 299,500 shares, the days-to-cover ratio is currently 5.5 days.

Insider Transactions at Beazer Homes USA

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of Beazer Homes USA stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the sale, the chief financial officer now directly owns 131,004 shares in the company, valued at approximately $4,199,988.24. The trade was a 4.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.52% of the stock is currently owned by insiders.

Institutional Trading of Beazer Homes USA

Several institutional investors and hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC increased its holdings in shares of Beazer Homes USA by 12.4% during the 2nd quarter. Hsbc Holdings PLC now owns 66,587 shares of the construction company’s stock worth $1,825,000 after acquiring an additional 7,338 shares during the last quarter. Marshall Wace LLP boosted its position in Beazer Homes USA by 91.9% during the second quarter. Marshall Wace LLP now owns 57,769 shares of the construction company’s stock worth $1,587,000 after purchasing an additional 27,666 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Beazer Homes USA by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 15,184 shares of the construction company’s stock valued at $417,000 after purchasing an additional 581 shares during the last quarter. Algert Global LLC raised its position in shares of Beazer Homes USA by 30.8% in the second quarter. Algert Global LLC now owns 64,726 shares of the construction company’s stock valued at $1,779,000 after purchasing an additional 15,256 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Beazer Homes USA during the 2nd quarter worth about $379,000. Institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Price Performance

Shares of BZH opened at $28.22 on Tuesday. The company has a current ratio of 14.29, a quick ratio of 1.87 and a debt-to-equity ratio of 0.83. The company’s fifty day simple moving average is $30.51 and its 200 day simple moving average is $31.03. Beazer Homes USA has a 1-year low of $25.39 and a 1-year high of $38.22. The company has a market cap of $880.59 million, a price-to-earnings ratio of 6.23, a PEG ratio of 0.29 and a beta of 2.24.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Wednesday, November 13th. The construction company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.34. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%. The company had revenue of $806.20 million for the quarter, compared to analyst estimates of $775.42 million. During the same period in the previous year, the business earned $1.80 EPS. Beazer Homes USA’s revenue for the quarter was up 24.9% compared to the same quarter last year. On average, research analysts forecast that Beazer Homes USA will post 4.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wedbush reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Beazer Homes USA in a research report on Monday, December 23rd. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $39.67.

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.