Round Hill Asset Management Acquires Shares of 64,513 Beazer Homes USA, Inc. $BZH

Key Points

• Round Hill Asset Management acquired 64,513 shares of Beazer Homes USA, valued at approximately $1.3 million, reflecting their strategic investment in the construction sector.
• Beazer Homes' recent earnings report showed a miss in EPS at $0.26, against analysts' expectations of $0.42, with revenues declining 8.4% year-over-year.
• Institutional investors currently own 85.65% of Beazer Homes USA, highlighting significant professional interest in the company's stock.

Round Hill Asset Management 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. The institutional investor purchased 64,513 shares of the construction company's stock, valued at approximately $1,315,000. Round Hill Asset Management owned 0.21% of Beazer Homes USA at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BZH. Sterling Capital Management LLC boosted its stake in Beazer Homes USA by 776.2% during the 4th quarter. Sterling Capital Management LLC now owns 920 shares of the construction company's stock valued at $25,000 after purchasing an additional 815 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Beazer Homes USA during the 4th quarter valued at $34,000. US Bancorp DE boosted its stake in Beazer Homes USA by 48.1% during the 1st quarter. US Bancorp DE now owns 2,523 shares of the construction company's stock valued at $51,000 after purchasing an additional 819 shares in the last quarter. Quarry LP bought a new position in Beazer Homes USA during the 4th quarter valued at $69,000. Finally, CWM LLC boosted its stake in Beazer Homes USA by 148.4% during the 1st 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 in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Oppenheimer reissued an "outperform" rating and set a $30.00 price objective (down from $33.00) on shares of Beazer Homes USA in a research note on Monday, August 4th. B. Riley assumed coverage on Beazer Homes USA in a research note on Monday, June 30th. They set a "neutral" rating and a $23.00 price objective for the company. Finally, Wedbush reissued an "outperform" rating and set a $41.00 price objective on shares of Beazer Homes USA in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $31.33.

Beazer Homes USA Stock Up 8.2%

NYSE BZH traded up $2.0020 during trading on Friday, hitting $26.4520. 201,650 shares of the company traded hands, compared to its average volume of 404,815. Beazer Homes USA, Inc. has a 12 month low of $17.37 and a 12 month high of $38.22. The business has a fifty day simple moving average of $23.51 and a 200 day simple moving average of $22.07. The company has a current ratio of 13.33, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $786.42 million, a P/E ratio of 12.01, a PEG ratio of 0.79 and a beta of 2.09.

Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.16). Beazer Homes USA had a return on equity of 6.16% and a net margin of 2.84%.The business had revenue of $545.37 million during the quarter, compared to the consensus estimate of $565.47 million. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company's revenue for the quarter was down 8.4% on a year-over-year basis. As a group, sell-side analysts predict 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.