Beazer Homes USA Target of Unusually Large Options Trading (BZH)

Beazer Homes USA, Inc. (NYSE:BZH) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 16,312 call options on the stock. This represents an increase of 10,922% compared to the typical daily volume of 148 call options.

Several brokerages recently weighed in on BZH. Zacks Investment Research downgraded shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Friday, September 28th. Credit Suisse Group cut their price objective on shares of Beazer Homes USA from $16.00 to $13.00 and set a “hold” rating on the stock in a research report on Wednesday, September 26th. Wedbush cut their price objective on shares of Beazer Homes USA from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, September 26th. JPMorgan Chase & Co. downgraded shares of Beazer Homes USA from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $18.00 to $13.00 in a research report on Friday, September 21st. Finally, ValuEngine downgraded shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Beazer Homes USA currently has a consensus rating of “Hold” and an average target price of $15.25.

Several hedge funds have recently added to or reduced their stakes in BZH. Donald Smith & CO. Inc. raised its position in shares of Beazer Homes USA by 19.0% during the 2nd quarter. Donald Smith & CO. Inc. now owns 2,139,068 shares of the construction company’s stock worth $31,551,000 after buying an additional 342,001 shares in the last quarter. Brandes Investment Partners LP raised its position in shares of Beazer Homes USA by 50.9% during the 2nd quarter. Brandes Investment Partners LP now owns 598,792 shares of the construction company’s stock worth $8,832,000 after buying an additional 201,875 shares in the last quarter. Royce & Associates LP raised its position in shares of Beazer Homes USA by 18.4% during the 2nd quarter. Royce & Associates LP now owns 987,477 shares of the construction company’s stock worth $14,565,000 after buying an additional 153,500 shares in the last quarter. BlackRock Inc. raised its position in shares of Beazer Homes USA by 4.3% during the 2nd quarter. BlackRock Inc. now owns 3,106,146 shares of the construction company’s stock worth $45,815,000 after buying an additional 127,639 shares in the last quarter. Finally, United Services Automobile Association raised its position in shares of Beazer Homes USA by 83.0% during the 2nd quarter. United Services Automobile Association now owns 243,429 shares of the construction company’s stock worth $3,591,000 after buying an additional 110,442 shares in the last quarter. Institutional investors own 85.87% of the company’s stock.

Shares of NYSE:BZH opened at $9.82 on Thursday. The stock has a market capitalization of $353.58 million, a P/E ratio of 6.38 and a beta of 2.49. Beazer Homes USA has a fifty-two week low of $9.21 and a fifty-two week high of $23.24. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.23 and a current ratio of 13.59.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Thursday, July 26th. The construction company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm had revenue of $511.52 million for the quarter, compared to the consensus estimate of $512.33 million. Beazer Homes USA had a negative net margin of 3.59% and a positive return on equity of 10.99%. Beazer Homes USA’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.22 EPS. On average, research analysts expect that Beazer Homes USA will post 1.75 earnings per share for the current fiscal year.

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 brand name. 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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