Cornercap Investment Counsel Inc. Invests $1.12 Million in Beazer Homes USA, Inc. (NYSE:BZH)
Cornercap Investment Counsel Inc. acquired a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,804 shares of the construction company’s stock, valued at approximately $1,124,000. Cornercap Investment Counsel Inc. owned 0.23% of Beazer Homes USA at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in Beazer Homes USA by 83.4% during the third quarter. Tower Research Capital LLC TRC now owns 3,007 shares of the construction company’s stock worth $29,000 after acquiring an additional 1,367 shares in the last quarter. Captrust Financial Advisors raised its holdings in Beazer Homes USA by 60.3% during the second quarter. Captrust Financial Advisors now owns 2,618 shares of the construction company’s stock worth $32,000 after acquiring an additional 985 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Beazer Homes USA during the first quarter worth about $40,000. State of Wyoming raised its holdings in Beazer Homes USA by 2,421.5% during the fourth quarter. State of Wyoming now owns 7,842 shares of the construction company’s stock worth $100,000 after acquiring an additional 7,531 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Beazer Homes USA by 15.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,827 shares of the construction company’s stock worth $124,000 after acquiring an additional 1,036 shares in the last quarter. 77.62% of the stock is owned by institutional investors and hedge funds.
Beazer Homes USA Stock Performance
Shares of Beazer Homes USA stock traded down $1.59 on Friday, hitting $27.28. The stock had a trading volume of 377,547 shares, compared to its average volume of 344,132. Beazer Homes USA, Inc. has a twelve month low of $9.47 and a twelve month high of $35.93. The business’s 50 day moving average is $28.85 and its two-hundred day moving average is $21.47. The company has a quick ratio of 2.55, a current ratio of 15.28 and a debt-to-equity ratio of 0.94. The stock has a market cap of $854.96 million, a price-to-earnings ratio of 4.45 and a beta of 2.30.
Beazer Homes USA (NYSE:BZH – Get Free Report) last posted its earnings results on Thursday, July 27th. The construction company reported $1.42 EPS for the quarter, beating the consensus estimate 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 company had revenue of $572.54 million for the quarter, compared to the consensus estimate of $512.26 million. During the same quarter in the prior year, the business earned $1.76 earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. Analysts forecast that Beazer Homes USA, Inc. will post 4.54 EPS for the current year.
Analysts Set New Price Targets
Several research firms recently issued reports on BZH. B. Riley upped their target price on Beazer Homes USA from $28.00 to $38.00 in a report on Friday, July 28th. Wedbush lowered Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $32.00 price objective on the stock. in a research note on Friday, August 18th. They noted that the move was a valuation call. Sidoti upgraded Beazer Homes USA from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Wednesday. Zelman & Associates upgraded Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, StockNews.com assumed coverage on Beazer Homes USA in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $35.33.
Check Out Our Latest Report on BZH
Beazer Homes USA Company 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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