HB Wealth Management LLC Buys Shares of 57,576 Beazer Homes USA, Inc. (NYSE:BZH)

HB Wealth Management LLC acquired a new stake in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 57,576 shares of the construction company's stock, valued at approximately $1,174,000. HB Wealth Management LLC owned 0.19% of Beazer Homes USA at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mill Road Capital Management LLC boosted its stake in Beazer Homes USA by 81.0% in the fourth quarter. Mill Road Capital Management LLC now owns 666,058 shares of the construction company's stock worth $18,290,000 after purchasing an additional 297,989 shares in the last quarter. Norges Bank bought a new stake in shares of Beazer Homes USA in the 4th quarter valued at about $4,149,000. Algert Global LLC increased its holdings in shares of Beazer Homes USA by 582.0% in the fourth quarter. Algert Global LLC now owns 160,008 shares of the construction company's stock worth $4,394,000 after acquiring an additional 136,548 shares in the last quarter. Readystate Asset Management LP bought a new stake in shares of Beazer Homes USA in the first quarter worth about $2,210,000. Finally, Denali Advisors LLC boosted its position in shares of Beazer Homes USA by 198.5% during the first quarter. Denali Advisors LLC now owns 147,777 shares of the construction company's stock worth $3,013,000 after buying an additional 98,277 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Beazer Homes USA Price Performance

NYSE:BZH traded down $1.80 during trading hours on Friday, hitting $21.70. 920,999 shares of the company's stock traded hands, compared to its average volume of 410,094. The firm has a market cap of $657.51 million, a P/E ratio of 7.02, a P/E/G ratio of 0.65 and a beta of 2.09. Beazer Homes USA, Inc. has a 52 week low of $17.37 and a 52 week high of $38.22. The business's fifty day simple moving average is $22.69 and its two-hundred day simple moving average is $22.38. The company has a quick ratio of 0.96, a current ratio of 13.07 and a debt-to-equity ratio of 0.88.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its quarterly earnings results 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 net margin of 3.91% and a return on equity of 7.81%. The firm had revenue of $545.37 million for the quarter, compared to analysts' expectations of $565.47 million. During the same quarter in the previous year, the business earned $0.88 EPS. The company's revenue for the quarter was down 8.4% on a year-over-year basis. On average, research analysts anticipate that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Insider Activity at Beazer Homes USA

In other Beazer Homes USA news, Director John J. Kelley III bought 10,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $21.50 per share, with a total value of $215,000.00. Following the completion of the purchase, the director directly owned 15,917 shares of the company's stock, valued at $342,215.50. This trade represents a 169.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. B. Riley began coverage on 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. Wedbush restated an "outperform" rating and set a $41.00 price objective on shares of Beazer Homes USA in a research note on Friday. Finally, Oppenheimer reissued an "outperform" rating and set a $33.00 price objective (down previously from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $32.33.

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.