Counterpoint Mutual Funds LLC purchased a new stake in Beazer Homes USA, Inc. (NYSE:BZH – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,415 shares of the construction company’s stock, valued at approximately $153,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its holdings in Beazer Homes USA by 83.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,007 shares of the construction company’s stock valued at $29,000 after acquiring an additional 1,367 shares in the last quarter. Dark Forest Capital Management LP bought a new position in shares of Beazer Homes USA during the first quarter valued at $31,000. Captrust Financial Advisors raised its stake in shares of Beazer Homes USA by 60.3% during the second quarter. Captrust Financial Advisors now owns 2,618 shares of the construction company’s stock valued at $32,000 after acquiring an additional 985 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Beazer Homes USA during the first quarter worth $40,000. Finally, State of Wyoming increased its holdings in Beazer Homes USA by 2,421.5% in the fourth quarter. State of Wyoming now owns 7,842 shares of the construction company’s stock valued at $100,000 after purchasing an additional 7,531 shares during the period. 79.07% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on BZH shares. Sidoti raised Beazer Homes USA from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Wednesday, August 23rd. Zelman & Associates raised Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. B. Riley increased their price target on Beazer Homes USA from $28.00 to $38.00 in a report on Friday, July 28th. StockNews.com initiated coverage on shares of Beazer Homes USA in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Wedbush lowered Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $32.00 target price for the company. in a research report on Friday, August 18th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Beazer Homes USA currently has an average rating of “Moderate Buy” and a consensus price target of $35.33.
Check Out Our Latest Stock Analysis on Beazer Homes USA
Beazer Homes USA Price Performance
BZH stock opened at $25.23 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.55 and a current ratio of 15.28. The business has a 50-day simple moving average of $29.53 and a two-hundred day simple moving average of $23.19. The company has a market capitalization of $790.71 million, a P/E ratio of 4.09 and a beta of 2.32. Beazer Homes USA, Inc. has a 52-week low of $9.47 and a 52-week high of $35.93.
Beazer Homes USA (NYSE:BZH – Get Free Report) last released its quarterly earnings results on Thursday, July 27th. The construction company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.54. Beazer Homes USA had a return on equity of 18.66% and a net margin of 7.94%. The business had revenue of $572.54 million during the quarter, compared to analyst estimates of $512.26 million. During the same period in the prior year, the firm posted $1.76 EPS. Beazer Homes USA’s quarterly revenue was up 8.7% compared to the same quarter last year. Research analysts expect that Beazer Homes USA, Inc. will post 4.74 EPS for the current fiscal year.
Beazer Homes USA Profile
Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.
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