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

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Beazer Homes USA, Inc. (NYSE:BZH) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 1,640,000 shares, a decline of 5.2% from the April 30th total of 1,730,000 shares. Approximately 5.7% of the shares of the company are sold short. Based on an average daily volume of 728,300 shares, the short-interest ratio is currently 2.3 days.

BZH stock opened at $9.22 on Friday. Beazer Homes USA has a 1 year low of $4.39 and a 1 year high of $17.23. The firm has a market cap of $283.28 million, a P/E ratio of 5.25 and a beta of 2.25. The stock’s 50 day moving average price is $6.30 and its 200 day moving average price is $11.70. The company has a debt-to-equity ratio of 2.61, a quick ratio of 2.49 and a current ratio of 14.12.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, April 30th. The construction company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $489.41 million during the quarter, compared to the consensus estimate of $480.90 million. Beazer Homes USA had a return on equity of 9.74% and a net margin of 1.26%. During the same period last year, the firm earned ($3.28) earnings per share. On average, research analysts predict that Beazer Homes USA will post 0.7 earnings per share for the current year.

Several equities analysts have issued reports on BZH shares. ValuEngine cut Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Zacks Investment Research cut Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 9th. Wedbush dropped their target price on Beazer Homes USA from $16.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Finally, TheStreet cut Beazer Homes USA from a “c-” rating to a “d+” rating in a research report on Monday, March 16th.

Institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can acquired a new stake in shares of Beazer Homes USA during the fourth quarter valued at about $37,000. Point72 Hong Kong Ltd bought a new position in shares of Beazer Homes USA during the fourth quarter worth about $53,000. Citizens Financial Group Inc RI bought a new position in shares of Beazer Homes USA during the fourth quarter worth about $65,000. SG Americas Securities LLC bought a new position in shares of Beazer Homes USA during the first quarter worth about $70,000. Finally, Hancock Whitney Corp lifted its position in shares of Beazer Homes USA by 14.4% during the first quarter. Hancock Whitney Corp now owns 12,165 shares of the construction company’s stock worth $78,000 after purchasing an additional 1,531 shares during the last quarter. Institutional investors own 85.13% of the company’s stock.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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