Beazer Homes USA (NYSE:BZH) Reaches New 52-Week High – Should You Buy?

Beazer Homes USA, Inc. (NYSE:BZH)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $34.33 and last traded at $34.20, with a volume of 106670 shares. The stock had previously closed at $33.31.

Analysts Set New Price Targets

A number of equities research analysts have commented on BZH shares. Weiss Ratings raised shares of Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 10th. Wall Street Zen cut Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Beazer Homes USA Stock Up 3.2%

The company has a current ratio of 15.67, a quick ratio of 1.32 and a debt-to-equity ratio of 1.05. The firm’s 50 day simple moving average is $29.21 and its 200-day simple moving average is $25.03. The company has a market capitalization of $939.55 million, a price-to-earnings ratio of -228.60 and a beta of 2.17.

Institutional Trading of Beazer Homes USA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG boosted its holdings in shares of Beazer Homes USA by 189.7% in the 4th quarter. UBS Group AG now owns 537,663 shares of the construction company’s stock valued at $10,898,000 after purchasing an additional 352,092 shares during the last quarter. Millennium Management LLC increased its stake in Beazer Homes USA by 928.5% during the 3rd quarter. Millennium Management LLC now owns 376,183 shares of the construction company’s stock worth $9,235,000 after buying an additional 339,607 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Beazer Homes USA by 1,385.2% in the third quarter. JPMorgan Chase & Co. now owns 229,705 shares of the construction company’s stock worth $5,639,000 after acquiring an additional 214,239 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Beazer Homes USA by 22.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 678,471 shares of the construction company’s stock valued at $13,753,000 after purchasing an additional 122,606 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in Beazer Homes USA by 555.9% during the 1st quarter. Empowered Funds LLC now owns 141,377 shares of the construction company’s stock valued at $2,720,000 after acquiring an additional 119,822 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.