Taking on analysts’ expectations and winning: Beazer Homes USA Inc. (BZH)

Beazer Homes USA Inc. (NYSE: BZH) stock fell -1.88% on Monday to $26.66 against a previous-day closing price of $27.17. With 0.69 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.43 million shares. During the session, the Residential Construction company that operates in wider Consumer Cyclical sector, reached to the highest price of $27.06 whereas the lowest price it dropped to was $26.55. The 52-week range on BZH shows that it touched its highest point at $35.93 and its lowest point at $12.29 during that stretch. It currently has a 1-year price target of $35.33. Beta for the stock currently stands at 2.29.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BZH was down-trending over the past week, with a drop of -6.26%, but this was up by 19.02% over a month. Three-month performance dropped to -5.56% while six-month performance rose 28.98%. The stock gained 108.28% in the past year, while it has gained 108.93% so far this year. A look at the trailing 12-month EPS for BZH yields 5.15 with Next year EPS estimates of 5.37. For the next quarter, that number is 0.70. This implies an EPS growth rate of -9.04% for this year and 14.42% for next year.

Float and Shares Shorts:

At present, 31.35 million BZH shares are outstanding with a float of 29.28 million shares on hand for trading. On Oct 30, 2023, short shares totaled 1.56 million, which was 4.97% higher than short shares on Sep 28, 2023. In addition to Mr. Allan P. Merrill as the firm’s Chairman, President & CEO, Mr. David I. Goldberg serves as its Senior VP & CFO.

Institutional Ownership:

Through their ownership of 80.59% of BZH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 8.88% of BZH, in contrast to 47.90% held by mutual funds. Shares owned by individuals account for 37.82%. As the largest shareholder in BZH with 7.06% of the stake, BlackRock Fund Advisors holds 2,211,248 shares worth 2,211,248. A second-largest stockholder of BZH, The Vanguard Group, Inc., holds 2,125,321 shares, controlling over 6.78% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in BZH, holding 1,659,813 shares or 5.30% stake. With a 5.30% stake in BZH, the American Funds Small Cap World Fu is the largest stakeholder. A total of 1,659,813 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.97% of BZH stock, is the second-largest Mutual Fund holder. It holds 931,444 shares valued at 22.53 million. iShares Russell 2000 ETF holds 2.18% of the stake in BZH, owning 682,075 shares worth 16.5 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BZH since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BZH analysts setting a high price target of $38.00 and a low target of $32.00, the average target price over the next 12 months is $35.33. Based on these targets, BZH could surge 42.54% to reach the target high and rise by 20.03% to reach the target low. Reaching the average price target will result in a growth of 32.52% from current levels.

Summary of Insider Activity:

Insiders traded BZH stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.