Graham Capital Management L.P. Buys Shares of 28,205 Beazer Homes USA, Inc. $BZH

Key Points

• Graham Capital Management L.P. has acquired a new position in Beazer Homes USA, purchasing 28,205 shares valued at approximately $575,000.
• Beazer Homes reported $0.26 earnings per share for the most recent quarter, below the consensus estimate of $0.42, with a year-over-year revenue decline of 8.4%.
• The company's stock received mixed ratings, with two analysts giving a Buy rating and the average target price set at $31.33.

Graham Capital Management L.P. purchased a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 28,205 shares of the construction company's stock, valued at approximately $575,000. Graham Capital Management L.P. owned about 0.09% of Beazer Homes USA as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BZH. US Bancorp DE grew 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 worth $51,000 after purchasing an additional 819 shares during the period. ProShare Advisors LLC bought a new position in shares of Beazer Homes USA during the 4th quarter worth approximately $226,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Beazer Homes USA during the 1st quarter worth approximately $509,000. Janney Montgomery Scott LLC increased its holdings in shares of Beazer Homes USA by 17.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 30,165 shares of the construction company's stock worth $615,000 after acquiring an additional 4,438 shares during the last quarter. Finally, GSA Capital Partners LLP raised its stake in Beazer Homes USA by 158.8% in the 1st quarter. GSA Capital Partners LLP now owns 71,269 shares of the construction company's stock valued at $1,453,000 after acquiring an additional 43,728 shares during the period. Institutional investors own 85.65% of the company's stock.

Beazer Homes USA Price Performance

Shares of NYSE BZH traded down $0.21 during midday trading on Monday, reaching $26.06. The company's stock had a trading volume of 491,899 shares, compared to its average volume of 346,972. The company has a market cap of $774.51 million, a P/E ratio of 11.84, a P/E/G ratio of 0.83 and a beta of 2.12. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.91 and a current ratio of 13.33. The business's 50 day moving average price is $24.37 and its two-hundred day moving average price is $22.21.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $545.37 million for the quarter, compared to analyst estimates of $565.47 million. During the same period last year, the company posted $0.88 earnings per share. The business's revenue for the quarter was down 8.4% compared to the same quarter last year. On average, analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Oppenheimer restated an "outperform" rating and set 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 issued a $41.00 price target on shares of Beazer Homes USA in a report on Friday, August 1st. Finally, B. Riley initiated coverage on shares of Beazer Homes USA in a research report on Monday, June 30th. They set a "neutral" rating and a $23.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Beazer Homes USA presently has an average rating of "Hold" and a consensus price target of $31.33.

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.