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

HB Wealth Management LLC bought a new position in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 57,576 shares of the construction company's stock, valued at approximately $1,174,000. HB Wealth Management LLC owned about 0.19% of Beazer Homes USA as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BZH. Vanguard Group Inc. grew its position in Beazer Homes USA by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,828,558 shares of the construction company's stock worth $50,212,000 after acquiring an additional 22,033 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Beazer Homes USA by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,075,199 shares of the construction company's stock valued at $29,525,000 after purchasing an additional 5,431 shares during the period. Mill Road Capital Management LLC lifted its stake in shares of Beazer Homes USA by 81.0% in the 4th quarter. Mill Road Capital Management LLC now owns 666,058 shares of the construction company's stock valued at $18,290,000 after purchasing an additional 297,989 shares during the period. Bridgeway Capital Management LLC raised its stake in Beazer Homes USA by 2.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 317,965 shares of the construction company's stock valued at $8,731,000 after buying an additional 8,248 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Beazer Homes USA by 20.3% during the first quarter. Victory Capital Management Inc. now owns 306,973 shares of the construction company's stock valued at $6,259,000 after buying an additional 51,860 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Beazer Homes USA Stock Performance

Shares of BZH traded down $1.80 during trading hours on Friday, hitting $21.70. The stock had a trading volume of 921,004 shares, compared to its average volume of 311,332. The company has a debt-to-equity ratio of 0.88, a current ratio of 13.07 and a quick ratio of 0.96. Beazer Homes USA, Inc. has a 12 month low of $17.37 and a 12 month high of $38.22. The firm has a market capitalization of $657.58 million, a PE ratio of 9.86, a PEG ratio of 0.65 and a beta of 2.09. The stock has a fifty day moving average price of $22.71 and a 200 day moving average price of $22.34.

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 (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.16). Beazer Homes USA had a net margin of 2.84% and a return on equity of 6.14%. The company had revenue of $545.37 million for the quarter, compared to the consensus estimate of $565.47 million. During the same period in the prior year, the firm posted $0.88 EPS. The business's revenue for the quarter was down 8.4% on a year-over-year basis. Analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Analyst Upgrades and Downgrades

BZH has been the subject of several recent analyst reports. B. Riley initiated coverage on Beazer Homes USA in a research note on Monday, June 30th. They issued a "neutral" rating and a $23.00 price target for the company. Wedbush restated an "outperform" rating and issued a $41.00 price target on shares of Beazer Homes USA in a research note on Friday. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 price objective (down previously from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Beazer Homes USA presently has an average rating of "Hold" and an average target price of $32.33.

Insider Activity at Beazer Homes USA

In related news, Director John J. Kelley III acquired 10,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $21.50 per share, for a total transaction of $215,000.00. Following the completion of the transaction, the director directly owned 15,917 shares in the company, valued at approximately $342,215.50. This trade represents a 169.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.52% of the company's stock.

Beazer Homes USA 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.