Caxton Associates LLP Buys New Stake in Beazer Homes USA, Inc. $BZH

Key Points

• Caxton Associates LLP acquired a new stake in Beazer Homes USA by purchasing 31,546 shares, valued at approximately $643,000, increasing its ownership to 0.10% of the company.
• Beazer Homes USA recently reported $0.26 EPS for the quarter, missing analysts' expectations, with revenue down 8.4% year-over-year at $545.37 million.
• Analyst ratings for Beazer Homes show a consensus of "Hold" with a price target averaging $31.33, while individual targets vary significantly from $23.00 to $41.00.

Caxton Associates LLP bought a new stake in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,546 shares of the construction company's stock, valued at approximately $643,000. Caxton Associates LLP owned 0.10% of Beazer Homes USA as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Beazer Homes USA by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company's stock worth $353,000 after purchasing an additional 734 shares in the last quarter. AQR Capital Management LLC raised its stake in Beazer Homes USA by 35.5% in the first quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company's stock worth $4,055,000 after buying an additional 52,062 shares in the last quarter. Royal Bank of Canada lifted its holdings in Beazer Homes USA by 1.8% in the first quarter. Royal Bank of Canada now owns 73,915 shares of the construction company's stock worth $1,507,000 after buying an additional 1,279 shares during the period. Graham Capital Management L.P. bought a new stake in Beazer Homes USA during the 1st quarter valued at approximately $575,000. Finally, Rafferty Asset Management LLC grew its holdings in shares of Beazer Homes USA by 5.9% during the 1st quarter. Rafferty Asset Management LLC now owns 20,419 shares of the construction company's stock worth $416,000 after acquiring an additional 1,140 shares during the period. Institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

BZH has been the subject of a number of research analyst reports. Oppenheimer restated an "outperform" rating and issued a $30.00 target price (down previously from $33.00) on shares of Beazer Homes USA in a research note on Monday, August 4th. Wedbush reissued an "outperform" rating and set a $41.00 price objective on shares of Beazer Homes USA in a research report on Friday, August 1st. Finally, B. Riley assumed coverage on shares of Beazer Homes USA in a research report on Monday, June 30th. They issued a "neutral" rating and a $23.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Beazer Homes USA has an average rating of "Moderate Buy" and a consensus price target of $31.33.

Beazer Homes USA Trading Up 1.9%

BZH traded up $0.50 during trading hours on Wednesday, reaching $26.58. 54,405 shares of the company's stock traded hands, compared to its average volume of 402,625. The company has a quick ratio of 0.91, a current ratio of 13.33 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average price of $24.67 and a 200 day moving average price of $22.35. 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 $790.13 million, a PE ratio of 12.07, a PEG ratio of 0.83 and a beta of 2.12.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.16). The company had revenue of $545.37 million for the quarter, compared to analysts' expectations of $565.47 million. Beazer Homes USA had a return on equity of 6.16% and a net margin of 2.84%.The business's revenue was down 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.88 earnings per share. As a group, sell-side analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal 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.