Beazer Homes USA (NYSE:BZH) Sets New 12-Month High – Still a Buy?

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

Wall Street Analyst Weigh In

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

Beazer Homes USA Trading Down 3.8 %

The firm has a market cap of $1.03 billion, a PE ratio of 7.42, a PEG ratio of 1.35 and a beta of 2.18. The company has a debt-to-equity ratio of 0.91, a current ratio of 12.42 and a quick ratio of 0.92. The business has a 50-day moving average price of $32.48 and a two-hundred day moving average price of $30.28.

Insider Activity at Beazer Homes USA

In related news, CFO David I. Goldberg sold 6,057 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of the transaction, the chief financial officer now owns 131,004 shares of the company’s stock, valued at approximately $4,199,988.24. The trade was a 4.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.99% of the stock is owned by corporate insiders.

Institutional Trading of Beazer Homes USA

A number of hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC purchased a new position in shares of Beazer Homes USA in the 2nd quarter worth $88,000. Point72 Asset Management L.P. purchased a new position in shares of Beazer Homes USA in the 3rd quarter worth about $125,000. Systematic Financial Management LP acquired a new position in shares of Beazer Homes USA in the 3rd quarter valued at about $182,000. Metis Global Partners LLC purchased a new stake in shares of Beazer Homes USA during the 3rd quarter worth about $201,000. Finally, Quadrature Capital Ltd acquired a new stake in Beazer Homes USA during the 3rd quarter worth approximately $262,000. 85.65% of the stock is owned by institutional investors and hedge funds.

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.