Readystate Asset Management LP Invests $2.21 Million in Beazer Homes USA, Inc. (NYSE:BZH)

Readystate Asset Management LP purchased a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 108,387 shares of the construction company's stock, valued at approximately $2,210,000. Readystate Asset Management LP owned 0.36% of Beazer Homes USA at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BZH. Sterling Capital Management LLC grew its position in Beazer Homes USA by 776.2% during the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company's stock valued at $25,000 after buying an additional 815 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Beazer Homes USA during the fourth quarter valued at $34,000. Quarry LP bought a new position in Beazer Homes USA during the fourth quarter valued at $69,000. CWM LLC grew its holdings in Beazer Homes USA by 148.4% during the first quarter. CWM LLC now owns 4,002 shares of the construction company's stock valued at $82,000 after purchasing an additional 2,391 shares during the period. Finally, Exchange Traded Concepts LLC bought a new position in Beazer Homes USA during the first quarter valued at $99,000. 85.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on BZH. B. Riley began coverage on Beazer Homes USA in a report on Monday, June 30th. They set a "neutral" rating and a $23.00 price objective for the company. Oppenheimer reissued an "outperform" rating and set a $33.00 price objective (down from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. Finally, Wedbush reissued an "outperform" rating and set a $41.00 price objective (down from $45.00) on shares of Beazer Homes USA in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Beazer Homes USA presently has an average rating of "Hold" and an average price target of $32.33.

Insider Activity

In other news, Director John J. Kelley III purchased 10,000 shares of the stock in a transaction dated Friday, May 9th. The shares were purchased at an average cost of $21.50 per share, with a total value of $215,000.00. Following the completion of the acquisition, the director owned 15,917 shares in the company, valued at $342,215.50. This represents a 169.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 6.52% of the company's stock.

Beazer Homes USA Stock Performance

BZH stock traded up $0.31 during midday trading on Friday, reaching $24.58. 267,908 shares of the company's stock traded hands, compared to its average volume of 322,749. The company has a 50-day moving average price of $22.49 and a two-hundred day moving average price of $22.41. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.96 and a current ratio of 13.07. Beazer Homes USA, Inc. has a 52 week low of $17.37 and a 52 week high of $38.22. The firm has a market capitalization of $744.74 million, a PE ratio of 7.95, a price-to-earnings-growth ratio of 0.68 and a beta of 2.09.

Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.16. The business had revenue of $565.34 million during the quarter, compared to analyst estimates of $543.60 million. Beazer Homes USA had a return on equity of 7.81% and a net margin of 3.91%. The company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. As a group, equities analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

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 also 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.