Short Interest in Beazer Homes USA, Inc. (NYSE:BZH) Grows By 17.3%

Beazer Homes USA, Inc. (NYSE:BZH) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 1,290,000 shares, a growth of 17.3% from the May 15th total of 1,100,000 shares. Currently, 4.4% of the company’s stock are sold short. Based on an average daily volume of 332,400 shares, the short-interest ratio is presently 3.9 days.

Insider Activity at Beazer Homes USA

In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $28.31, for a total value of $424,650.00. Following the sale, the executive vice president now owns 195,819 shares in the company, valued at $5,543,635.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 6.99% of the company’s stock.

Hedge Funds Weigh In On Beazer Homes USA

Hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas increased its stake in Beazer Homes USA by 47.2% during the 4th quarter. Teacher Retirement System of Texas now owns 280,213 shares of the construction company’s stock worth $9,468,000 after acquiring an additional 89,848 shares during the period. American Century Companies Inc. boosted its holdings in shares of Beazer Homes USA by 60.5% in the 3rd quarter. American Century Companies Inc. now owns 434,648 shares of the construction company’s stock valued at $10,827,000 after purchasing an additional 163,760 shares in the last quarter. Donald Smith & CO. Inc. boosted its holdings in shares of Beazer Homes USA by 58.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock valued at $87,403,000 after purchasing an additional 958,814 shares in the last quarter. EMG Holdings L.P. acquired a new stake in shares of Beazer Homes USA in the 4th quarter valued at $4,831,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Beazer Homes USA in the 4th quarter valued at $24,971,000. Institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on BZH. Wedbush restated a “neutral” rating and issued a $33.00 price objective on shares of Beazer Homes USA in a research note on Thursday, May 2nd. Oppenheimer started coverage on Beazer Homes USA in a research note on Friday, May 31st. They issued an “outperform” rating and a $37.00 price objective on the stock. Finally, StockNews.com upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Tuesday, June 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.00.

Beazer Homes USA Price Performance

Shares of NYSE BZH opened at $28.82 on Tuesday. The firm has a market cap of $909.27 million, a P/E ratio of 5.56, a price-to-earnings-growth ratio of 1.20 and a beta of 2.15. The company has a current ratio of 13.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. Beazer Homes USA has a 1-year low of $22.03 and a 1-year high of $35.93. The business’s 50 day moving average is $28.10 and its 200-day moving average is $30.03.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.35. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The company had revenue of $541.50 million for the quarter, compared to analyst estimates of $569.88 million. During the same quarter last year, the company earned $1.13 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. Equities research analysts predict that Beazer Homes USA will post 4.64 earnings per share for the current 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.