Short Interest in Beazer Homes USA, Inc. (NYSE:BZH) Decreases By 13.5%

Beazer Homes USA, Inc. (NYSE:BZH) was the target of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 1,470,000 shares, a decrease of 13.5% from the January 15th total of 1,700,000 shares. Based on an average daily trading volume, of 384,600 shares, the days-to-cover ratio is presently 3.8 days. Approximately 5.1% of the shares of the stock are short sold.

Beazer Homes USA Price Performance

Shares of Beazer Homes USA stock traded up $0.52 during trading hours on Friday, reaching $25.10. 745,369 shares of the company’s stock were exchanged, compared to its average volume of 429,871. Beazer Homes USA has a 1 year low of $20.66 and a 1 year high of $38.22. The company has a market capitalization of $783.06 million, a P/E ratio of 6.39, a price-to-earnings-growth ratio of 0.32 and a beta of 2.22. The business has a fifty day moving average of $27.05 and a two-hundred day moving average of $30.24. 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 released its earnings results on Thursday, January 30th. The construction company reported $0.10 earnings per share (EPS) 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%. As a group, research analysts predict that Beazer Homes USA will post 3.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wedbush reaffirmed an “outperform” rating and set a $45.00 target price on shares of Beazer Homes USA in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Beazer Homes USA presently has a consensus rating of “Hold” and an average price target of $39.67.

Institutional Investors Weigh In On Beazer Homes USA

Hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC grew its holdings in shares of Beazer Homes USA by 776.2% in the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock valued at $25,000 after purchasing an additional 815 shares during the period. Quarry LP purchased a new stake in shares of Beazer Homes USA in the fourth quarter valued at about $69,000. Point72 Asset Management L.P. purchased a new stake in shares of Beazer Homes USA in the third quarter valued at about $125,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Beazer Homes USA in the fourth quarter valued at about $148,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Beazer Homes USA by 61.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,018 shares of the construction company’s stock valued at $165,000 after purchasing an additional 2,290 shares during the period. Hedge funds and other 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.