Beazer Homes is having a good October.
The builder celebrated a birthday of sorts on Oct. 12, ringing the opening bell to celebrate 30 years on the New York Stock Exchange. Earlier in the month, the U.S. Department of Energy and the U.S. Environmental Protection Agency recognized it for its leadership in adopting the standards of the Indoor AirPlus and Zero Energy Ready Home programs.
“Housing Innovation Award winners represent the country’s most innovative builders leading the charge to low-to-no carbon emissions in all new home construction by 2035,” says Jaime Van Mourik, who oversees the Zero Energy Ready Home program. “The program serves as a proving ground for what home performance should be. These builders are truly the boots on the ground, fighting against climate change while also delivering more efficient, resilient, and healthier homes to American homebuyers.”
While the builder celebrated its longevity on the NYSE, traders haven’t been big on the stock in 2024. It’s down about 4% on the year, while the broader S&P Homebuilders Select Industry Index is up almost 30%. Regardless, the four analysts who cover the stock rate it a “buy.”
