Jump Financial LLC Buys 52,900 Shares of Beazer Homes USA, Inc. $BZH

Key Points

• Jump Financial LLC increased its stake in Beazer Homes USA by 88.4%, adding 52,900 shares to its holdings during the 1st quarter, bringing its total to 112,747 shares valued at approximately $2.3 million.
• Beazer Homes reported a net margin of 2.84% and revenue of $545.37 million for the last quarter, missing expectations and reflecting an 8.4% decline year over year.
• A majority of analysts have a consensus rating of "Hold" for Beazer Homes, with target prices ranging from $23.00 to $41.00, indicating varied outlooks on the stock's future performance.

Jump Financial LLC boosted its position in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 88.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 112,747 shares of the construction company's stock after buying an additional 52,900 shares during the quarter. Jump Financial LLC owned approximately 0.37% of Beazer Homes USA worth $2,299,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Beazer Homes USA during the fourth quarter worth $34,000. US Bancorp DE increased its position in Beazer Homes USA by 48.1% in 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. Quarry LP bought a new stake in Beazer Homes USA during the 4th quarter worth about $69,000. CWM LLC raised its holdings in Beazer Homes USA by 148.4% during the 1st quarter. CWM LLC now owns 4,002 shares of the construction company's stock worth $82,000 after purchasing an additional 2,391 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Beazer Homes USA during the 1st quarter valued at about $99,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BZH has been the subject of several analyst reports. Oppenheimer reiterated an "outperform" rating and set a $30.00 price target (down previously from $33.00) on shares of Beazer Homes USA in a research report on Monday, August 4th. Wedbush reaffirmed an "outperform" rating and issued a $41.00 price objective on shares of Beazer Homes USA in a research note on Friday, August 1st. Finally, B. Riley initiated coverage on shares of Beazer Homes USA in a report on Monday, June 30th. They set a "neutral" rating and a $23.00 target price for the company. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Beazer Homes USA presently has a consensus rating of "Hold" and an average price target of $31.33.

Beazer Homes USA Trading Down 0.0%

BZH traded down $0.00 during mid-day trading on Friday, hitting $25.20. The stock had a trading volume of 268,484 shares, compared to its average volume of 388,777. The stock's fifty day simple moving average is $23.98 and its 200-day simple moving average is $22.18. The firm has a market capitalization of $749.14 million, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 0.80 and a beta of 2.09. 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.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced 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). The firm had revenue of $545.37 million during the quarter, compared to analyst estimates of $565.47 million. Beazer Homes USA had a net margin of 2.84% and a return on equity of 6.16%. Beazer Homes USA's quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.88 EPS. As a group, research analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

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.