Price Don’t Lie: What Next for Beazer Homes USA, Inc. Stock After Today’s Significant Increase?

Price Don't Lie: What Next for Beazer Homes USA, Inc. Stock After Today's Significant Increase?

The stock of Beazer Homes USA, Inc. (NYSE:BZH) is a huge mover today! About 386,260 shares traded hands. Beazer Homes USA, Inc. (NYSE:BZH) has risen 28.18% since April 18, 2016 and is uptrending. It has outperformed by 23.75% the S&P500.
The move comes after 8 months positive chart setup for the $433.64 million company. It was reported on Nov, 18 by Barchart.com. We have $23.42 PT which if reached, will make NYSE:BZH worth $351.25M more.

Beazer Homes USA, Inc. (NYSE:BZH) Ratings Coverage

Out of 3 analysts covering Beazer Homes USA (NYSE:BZH), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Beazer Homes USA has been the topic of 11 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The stock of Beazer Homes USA, Inc. (NYSE:BZH) has “Buy” rating given on Tuesday, November 10 by Compass Point. The firm has “Outperform” rating given on Tuesday, January 5 by FBN Securities. The stock has “Buy” rating given by UBS on Friday, February 5. Compass Point upgraded it to “Buy” rating and $16.50 target price in Monday, October 19 report. FBN Securities downgraded the stock to “Sector Perform” rating in Monday, October 10 report. UBS maintained the shares of BZH in a report on Thursday, September 24 with “Buy” rating. The firm has “Buy” rating by UBS given on Wednesday, December 2. The stock of Beazer Homes USA, Inc. (NYSE:BZH) earned “Neutral” rating by UBS on Friday, July 29.

According to Zacks Investment Research, “Beazer Homes USA, Inc. designs, builds and sells single family homes. The company designs homes to appeal primarily to entry-level and first move-up home buyers. Their objective is to provide customers with homes that incorporate quality and value. The company’s subsidiary, Beazer Mortgage, originates the mortgages for the company’s home buyers.”

Insitutional Activity: The institutional sentiment increased to 1.43 in Q2 2016. Its up 0.43, from 1 in 2016Q1. The ratio improved, as 16 funds sold all Beazer Homes USA, Inc. shares owned while 30 reduced positions. 11 funds bought stakes while 35 increased positions. They now own 22.83 million shares or 15.90% less from 27.15 million shares in 2016Q1.
Grp, a New York-based fund reported 18,124 shares. The New York-based Buckingham Capital has invested 0.87% in Beazer Homes USA, Inc. (NYSE:BZH). Brandes Inv Prtn Limited Partnership holds 0.15% of its portfolio in Beazer Homes USA, Inc. (NYSE:BZH) for 1.27 million shares. The New Jersey-based New Jersey Better Educational Savings Trust has invested 0.23% in Beazer Homes USA, Inc. (NYSE:BZH). Prudential Financial accumulated 82,983 shares or 0% of the stock. California Public Employees Retirement Systems has invested 0% of its portfolio in Beazer Homes USA, Inc. (NYSE:BZH). Blackrock holds 0% of its portfolio in Beazer Homes USA, Inc. (NYSE:BZH) for 13,729 shares. Jefferies Group Limited Liability Company accumulated 0.01% or 152,214 shares. Moreover, Geode Management Limited Liability Corp has 0% invested in Beazer Homes USA, Inc. (NYSE:BZH) for 171,879 shares. California State Teachers Retirement Systems last reported 66,019 shares in the company. Credit Suisse Ag holds 0% of its portfolio in Beazer Homes USA, Inc. (NYSE:BZH) for 350,254 shares. Citadel Ltd Com has 133,060 shares for 0% of their US portfolio. Voya Investment Mngmt Lc has 16,844 shares for 0% of their US portfolio. Legal And General Group Public Ltd Co reported 4,883 shares or 0% of all its holdings. Lsv Asset Management owns 57,900 shares or 0% of their US portfolio.

Insider Transactions: Since August 8, 2016, the stock had 5 buys, and 0 selling transactions for $929,576 net activity. ZELNAK STEPHEN P JR also bought $485,000 worth of Beazer Homes USA, Inc. (NYSE:BZH) on Monday, August 8. $11,880 worth of Beazer Homes USA, Inc. (NYSE:BZH) shares were bought by BEAZER BRIAN C.

More recent Beazer Homes USA, Inc. (NYSE:BZH) news were published by: Streetinsider.com which released: “Form 4 BEAZER HOMES USA INC For: Nov 17 Filed by: ACTON ELIZABETH S” on November 17, 2016. Also Fool.com published the news titled: “Beazer Homes USA, Inc. Stock Down 16%: Here’s What’s Happening” on February 05, 2016. Moodys.com‘s news article titled: “Moody’s rates Beazer Homes’ proposed $300MM senior notes B3” with publication date: September 08, 2016 was also an interesting one.

BZH Company Profile

Beazer Homes USA, Inc., incorporated on November 24, 1993, is a diversified homebuilder with activities in 16 states within three geographic regions in the United States: West, East and Southeast. The Company’s homes are designed to appeal to homeowners at various price points across various demographic divisions and are generally offered for sale in advance of their construction.

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