Register Financial Advisors LLC Sells 291,936 Shares of Beazer Homes USA, Inc. (NYSE:BZH)
Register Financial Advisors LLC lessened its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH – Free Report) by 83.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,864 shares of the construction company’s stock after selling 291,936 shares during the period. Register Financial Advisors LLC owned approximately 0.19% of Beazer Homes USA worth $935,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of BZH. Tower Research Capital LLC TRC lifted its holdings in shares of Beazer Homes USA by 83.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,007 shares of the construction company’s stock valued at $29,000 after purchasing an additional 1,367 shares in the last quarter. Captrust Financial Advisors raised its position in Beazer Homes USA by 60.3% in the 2nd quarter. Captrust Financial Advisors now owns 2,618 shares of the construction company’s stock valued at $32,000 after buying an additional 985 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in Beazer Homes USA in the 4th quarter valued at approximately $34,000. Lazard Asset Management LLC acquired a new stake in Beazer Homes USA in the 1st quarter valued at approximately $40,000. Finally, State of Wyoming raised its position in Beazer Homes USA by 2,421.5% in the 4th quarter. State of Wyoming now owns 7,842 shares of the construction company’s stock valued at $100,000 after buying an additional 7,531 shares during the last quarter. Institutional investors own 77.62% of the company’s stock.
Beazer Homes USA Price Performance
Shares of Beazer Homes USA stock traded down $1.97 during trading on Friday, reaching $28.35. 388,319 shares of the company’s stock were exchanged, compared to its average volume of 338,087. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.55 and a current ratio of 15.28. Beazer Homes USA, Inc. has a 1-year low of $9.47 and a 1-year high of $35.93. The company has a market cap of $888.49 million, a P/E ratio of 4.59 and a beta of 2.30. The firm’s 50-day moving average price is $28.23 and its 200 day moving average price is $21.03.
Beazer Homes USA (NYSE:BZH – Get Free Report) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $1.42 EPS for the quarter, topping 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 company had revenue of $572.54 million during the quarter, compared to analysts’ expectations of $512.26 million. During the same quarter in the previous year, the firm earned $1.76 EPS. Beazer Homes USA’s revenue was up 8.7% on a year-over-year basis. As a group, research analysts anticipate that Beazer Homes USA, Inc. will post 4.54 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on BZH shares. Wedbush lowered Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $32.00 target price on the stock. in a research report on Friday. They noted that the move was a valuation call. StockNews.com assumed coverage on Beazer Homes USA in a research report on Thursday. They issued a “hold” rating on the stock. Zelman & Associates raised Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Sidoti lowered Beazer Homes USA from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $23.00 to $31.00 in a research report on Wednesday, July 12th. Finally, B. Riley boosted their price target on Beazer Homes USA from $28.00 to $38.00 in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $33.67.
Check Out Our Latest Stock Report on BZH
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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