Bank of New York Mellon Corp Invests $2.36 Million in Beazer Homes USA, Inc. $BZH

Key Points

• Bank of New York Mellon acquired 84,273 Beazer Homes shares worth approximately $2.36 million, giving it a 0.31% stake. Institutional investors and hedge funds collectively own 85.65% of the company.
• Beazer Homes shares opened at $33.28, near their 52-week high of $34.54, while the company’s latest quarterly results beat expectations with an adjusted loss of $0.16 per share and revenue of $516.31 million.
• Analyst sentiment is mixed, with ratings ranging from Strong Buy to Sell; overall, Beazer Homes carries a consensus rating of Hold.

Bank of New York Mellon Corp purchased a new stake in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 84,273 shares of the construction company's stock, valued at approximately $2,364,000. Bank of New York Mellon Corp owned approximately 0.31% of Beazer Homes USA at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BZH. Royal Bank of Canada increased its position in shares of Beazer Homes USA by 93.9% in the fourth quarter. Royal Bank of Canada now owns 1,883 shares of the construction company's stock worth $38,000 after purchasing an additional 912 shares during the period. Comerica Bank bought a new stake in Beazer Homes USA during the third quarter worth about $48,000. Osaic Holdings Inc. grew its stake in Beazer Homes USA by 454.9% during the second quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company's stock worth $47,000 after buying an additional 1,724 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Beazer Homes USA during the third quarter worth about $70,000. Finally, Tower Research Capital LLC TRC increased its holdings in Beazer Homes USA by 123.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company's stock valued at $78,000 after buying an additional 1,933 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Beazer Homes USA Trading Up 0.1%

Shares of Beazer Homes USA stock opened at $33.28 on Tuesday. The firm's 50 day moving average is $32.33 and its 200 day moving average is $26.48. The firm has a market capitalization of $887.91 million, a PE ratio of -110.93 and a beta of 2.17. Beazer Homes USA, Inc. has a 1 year low of $17.83 and a 1 year high of $34.54. The company has a current ratio of 14.64, a quick ratio of 1.28 and a debt-to-equity ratio of 1.23.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The construction company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.18. The business had revenue of $516.31 million during the quarter, compared to the consensus estimate of $510.55 million. Beazer Homes USA had a negative net margin of 0.37% and a positive return on equity of 0.18%. The firm's revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. Equities research analysts forecast that Beazer Homes USA, Inc. will post -0.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BZH. Oppenheimer cut shares of Beazer Homes USA from an "outperform" rating to a "market perform" rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Beazer Homes USA from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, August 26th. Zacks Research raised shares of Beazer Homes USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. Finally, Texas Capital downgraded shares of Beazer Homes USA from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Beazer Homes USA presently has a consensus rating of "Hold".

Beazer Homes USA Profile

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.

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