Atria Wealth Solutions Inc. Has $1.12 Million Stake in Beazer Homes USA, Inc. (NYSE:BZH)

Key Points

• Atria Wealth Solutions Inc. increased its stake in Beazer Homes USA by 297.4% during the first quarter, now owning approximately 54,935 shares valued at $1.12 million.
• Several institutional investors, including Sterling Capital Management and US Bancorp DE, have significantly increased their holdings, with institutional investors owning 85.65% of the stock.
• Beazer Homes reported earnings of $0.26 per share for the most recent quarter, missing expectations and experiencing an 8.4% decline in revenue year-over-year.

Atria Wealth Solutions Inc. lifted its stake in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 297.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,935 shares of the construction company's stock after acquiring an additional 41,112 shares during the quarter. Atria Wealth Solutions Inc. owned approximately 0.18% of Beazer Homes USA worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BZH. Sterling Capital Management LLC increased 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 worth $25,000 after buying an additional 815 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Beazer Homes USA during the fourth quarter valued at about $34,000. US Bancorp DE boosted its holdings in Beazer Homes USA by 48.1% during the first quarter. US Bancorp DE now owns 2,523 shares of the construction company's stock valued at $51,000 after acquiring an additional 819 shares during the period. Quarry LP bought a new stake in Beazer Homes USA during the fourth quarter valued at about $69,000. Finally, CWM LLC boosted 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 acquiring an additional 2,391 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BZH. Wedbush reiterated an "outperform" rating and issued a $41.00 target price on shares of Beazer Homes USA in a research note on Friday, August 1st. Oppenheimer reiterated 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. Finally, B. Riley began coverage on shares of Beazer Homes USA in a research note on Monday, June 30th. They issued a "neutral" rating and a $23.00 target price for the company.

Beazer Homes USA Price Performance

BZH traded up $0.45 during midday trading on Friday, reaching $25.79. 462,317 shares of the company's stock were exchanged, compared to its average volume of 384,208. The firm has a market capitalization of $766.74 million, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 0.80 and a beta of 2.09. The company has a quick ratio of 0.91, a current ratio of 13.33 and a debt-to-equity ratio of 0.94. Beazer Homes USA, Inc. has a one year low of $17.37 and a one year high of $38.22. The business has a 50-day simple moving average of $23.29 and a two-hundred day simple moving average of $22.05.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its quarterly 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 business had revenue of $545.37 million for the quarter, compared to the consensus estimate of $565.47 million. Beazer Homes USA had a return on equity of 6.16% and a net margin of 2.84%. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 EPS. As a group, research analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

About Beazer Homes USA

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.