28,205 Shares in Beazer Homes USA, Inc. $BZH Bought by Graham Capital Management L.P.

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

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE lifted its position 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 worth $51,000 after acquiring an additional 819 shares during the period. ProShare Advisors LLC acquired a new stake in shares of Beazer Homes USA during the fourth quarter worth about $226,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Beazer Homes USA during the first quarter worth about $509,000. Janney Montgomery Scott LLC boosted its position in Beazer Homes USA by 17.3% in the first quarter. Janney Montgomery Scott LLC now owns 30,165 shares of the construction company's stock valued at $615,000 after buying an additional 4,438 shares during the last quarter. Finally, GSA Capital Partners LLP increased its holdings 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 worth $1,453,000 after buying an additional 43,728 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BZH has been the subject of several research reports. Oppenheimer restated 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. Wedbush reaffirmed 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 assumed coverage on Beazer Homes USA in a research report on Monday, June 30th. They set a "neutral" rating and a $23.00 price target on the stock. Two 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 stock. According to data from MarketBeat.com, Beazer Homes USA has an average rating of "Hold" and a consensus price target of $31.33.

Beazer Homes USA Stock Performance

BZH stock traded up $0.59 during midday trading on Thursday, hitting $26.09. 433,368 shares of the stock traded hands, compared to its average volume of 359,653. Beazer Homes USA, Inc. has a 1-year low of $17.37 and a 1-year high of $38.22. The company has a debt-to-equity ratio of 0.94, a current ratio of 13.33 and a quick ratio of 0.91. The stock's fifty day simple moving average is $24.49 and its 200-day simple moving average is $22.28. The firm has a market cap of $775.52 million, a P/E ratio of 11.86, a PEG ratio of 0.81 and a beta of 2.12.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $0.26 earnings per share 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 firm had revenue of $545.37 million during the quarter, compared to analyst estimates of $565.47 million. During the same quarter last year, the company posted $0.88 EPS. The company's revenue was down 8.4% on a year-over-year basis. On average, analysts expect that Beazer Homes USA, Inc. will post 3.48 earnings per share 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.