Beazer Homes USA, Inc. (NYSE:BZH) Short Interest Down 8.1% in August

Beazer Homes USA, Inc. (NYSE:BZH) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 1,752,200 shares, a decrease of 8.1% from the July 31st total of 1,906,000 shares. Approximately 6.0% of the shares of the company are short sold. Based on an average daily trading volume, of 476,900 shares, the days-to-cover ratio is currently 3.7 days.

NYSE:BZH traded down $0.06 on Friday, reaching $14.09. 610,700 shares of the company’s stock were exchanged, compared to its average volume of 462,571. The company has a debt-to-equity ratio of 2.47, a current ratio of 11.86 and a quick ratio of 0.69. The firm has a market cap of $408.29 million, a price-to-earnings ratio of 7.08 and a beta of 2.41. Beazer Homes USA has a 52 week low of $8.16 and a 52 week high of $14.43. The stock has a fifty day simple moving average of $11.97 and a 200-day simple moving average of $11.29.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Thursday, August 1st. The construction company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16. The firm had revenue of $482.74 million during the quarter, compared to analyst estimates of $470.65 million. Beazer Homes USA had a negative net margin of 1.03% and a positive return on equity of 10.17%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. As a group, sell-side analysts predict that Beazer Homes USA will post 1.51 EPS for the current year.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in Beazer Homes USA by 8.6% in the second quarter. BlackRock Inc. now owns 2,829,261 shares of the construction company’s stock valued at $27,189,000 after buying an additional 224,891 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Beazer Homes USA by 7.2% in the second quarter. Vanguard Group Inc. now owns 1,640,848 shares of the construction company’s stock worth $15,768,000 after purchasing an additional 109,510 shares during the last quarter. Royce & Associates LP raised its stake in shares of Beazer Homes USA by 4.0% in the first quarter. Royce & Associates LP now owns 1,186,291 shares of the construction company’s stock worth $13,654,000 after purchasing an additional 46,000 shares during the last quarter. FMR LLC purchased a new position in shares of Beazer Homes USA in the first quarter worth about $10,786,000. Finally, Northern Trust Corp raised its stake in shares of Beazer Homes USA by 1.8% in the second quarter. Northern Trust Corp now owns 803,562 shares of the construction company’s stock worth $7,722,000 after purchasing an additional 13,886 shares during the last quarter. Hedge funds and other institutional investors own 84.39% of the company’s stock.

BZH has been the subject of several research reports. ValuEngine upgraded shares of Beazer Homes USA from a “strong sell” rating to a “sell” rating in a research report on Thursday. Wedbush reiterated an “outperform” rating and set a $17.00 target price on shares of Beazer Homes USA in a research report on Friday, August 2nd. Finally, Zacks Investment Research lowered shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $13.75.

About Beazer Homes USA

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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