Militia Capital Partners LP Sells 30,862 Shares of Beazer Homes USA, Inc. $BZH

Key Points

• Militia Capital Partners LP reduced its stake in Beazer Homes USA by 53.4% in the first quarter, selling 30,862 shares and now owning 26,900 shares valued at approximately $548,000.
• Beazer Homes USA reported $0.26 EPS for the last quarter, which was below analysts' expectations of $0.42, and its revenue decreased by 8.4% year-over-year.
• Major brokerages have issued new price targets for Beazer Homes USA, with a consensus target price of $31.33 and ratings ranging from Buy to Sell.

Militia Capital Partners LP cut its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 53.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,900 shares of the construction company's stock after selling 30,862 shares during the quarter. Militia Capital Partners LP owned approximately 0.09% of Beazer Homes USA worth $548,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Belpointe Asset Management LLC increased its position in shares of Beazer Homes USA by 11.0% during the 1st quarter. Belpointe Asset Management LLC now owns 10,319 shares of the construction company's stock valued at $210,000 after purchasing an additional 1,021 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Beazer Homes USA during the 1st quarter valued at $643,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Beazer Homes USA by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company's stock worth $353,000 after acquiring an additional 734 shares during the last quarter. AQR Capital Management LLC increased its holdings in Beazer Homes USA by 35.5% in the 1st quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company's stock worth $4,055,000 after acquiring an additional 52,062 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Beazer Homes USA by 1.8% in the 1st quarter. Royal Bank of Canada now owns 73,915 shares of the construction company's stock worth $1,507,000 after acquiring an additional 1,279 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Price Performance

NYSE:BZH traded up $0.06 during midday trading on Wednesday, hitting $26.14. The company had a trading volume of 135,046 shares, compared to its average volume of 403,088. The company has a market capitalization of $777.14 million, a PE ratio of 11.90, a P/E/G ratio of 0.83 and a beta of 2.12. The company has a quick ratio of 0.91, a current ratio of 13.33 and a debt-to-equity ratio of 0.94. Beazer Homes USA, Inc. has a 52-week low of $17.37 and a 52-week high of $38.22. The stock's fifty day moving average price is $24.67 and its 200-day moving average price is $22.35.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced 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 net margin of 2.84% and a return on equity of 6.16%. The firm had revenue of $545.37 million for the quarter, compared to analysts' expectations of $565.47 million. During the same period in the prior year, the business posted $0.88 earnings per share. The business's quarterly revenue was down 8.4% on a year-over-year basis. As a group, research analysts expect that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Analysts Set New Price Targets

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