Beazer Homes USA, Inc. $BZH Shares Acquired by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. boosted its stake in Beazer Homes by 1,385.2% in Q3 to 229,705 shares, roughly 0.78% ownership valued at about $5.64 million.
• Beazer missed on the latest quarter, reporting EPS of ($0.90) vs. ($0.49) expected and revenue of $363.49M vs. $423.23M expected, with revenue down 22.5% year‑over‑year.
• Institutional investors own about 85.65% of the stock; analysts are mixed (consensus "Hold") with an average price target of $31.33 while the company trades near $19.82 and has a market cap around $585M.

JPMorgan Chase & Co. increased its stake in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 1,385.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 229,705 shares of the construction company's stock after buying an additional 214,239 shares during the period. JPMorgan Chase & Co. owned about 0.78% of Beazer Homes USA worth $5,639,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Register Financial Advisors LLC grew its holdings in Beazer Homes USA by 54.7% during the 3rd quarter. Register Financial Advisors LLC now owns 152,152 shares of the construction company's stock worth $3,735,000 after acquiring an additional 53,771 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Beazer Homes USA by 93.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 133,861 shares of the construction company's stock worth $3,286,000 after purchasing an additional 64,652 shares during the last quarter. Wesbanco Bank Inc. acquired a new stake in shares of Beazer Homes USA in the 3rd quarter valued at about $1,043,000. Fund 1 Investments LLC bought a new position in shares of Beazer Homes USA during the second quarter worth about $1,946,000. Finally, Quantbot Technologies LP bought a new position in shares of Beazer Homes USA during the third quarter worth about $1,204,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BZH shares. Weiss Ratings lowered Beazer Homes USA from a "hold (c)" rating to a "sell (d)" rating in a report on Friday, January 30th. Zacks Research upgraded Beazer Homes USA from a "strong sell" rating to a "hold" rating in a research report on Friday, January 16th. Finally, Wall Street Zen downgraded Beazer Homes USA from a "hold" rating to a "strong sell" rating in a report on Saturday, January 31st. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Beazer Homes USA has a consensus rating of "Hold" and an average price target of $31.33.

Beazer Homes USA Trading Up 3.0%

NYSE BZH opened at $19.82 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.81 and a current ratio of 19.62. Beazer Homes USA, Inc. has a one year low of $17.37 and a one year high of $28.33. The company has a 50-day simple moving average of $23.28 and a 200-day simple moving average of $22.85. The firm has a market capitalization of $584.92 million, a PE ratio of 66.07, a price-to-earnings-growth ratio of 1.59 and a beta of 2.21.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The construction company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of ($0.49) by ($0.41). Beazer Homes USA had a return on equity of 2.11% and a net margin of 0.44%.The business had revenue of $363.49 million for the quarter, compared to analyst estimates of $423.23 million. During the same quarter last year, the company earned $0.10 EPS. Beazer Homes USA's revenue was down 22.5% compared to the same quarter last year. On average, equities analysts forecast that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

About Beazer Homes USA

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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