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 stake 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 disclosure 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 0.09% of Beazer Homes USA worth $548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Beazer Homes USA during the fourth quarter valued at approximately $34,000. US Bancorp DE lifted its position in Beazer Homes USA by 48.1% during the first quarter. US Bancorp DE now owns 2,523 shares of the construction company's stock valued at $51,000 after purchasing an additional 819 shares during the last quarter. CWM LLC lifted its position in Beazer Homes USA by 148.4% during the first quarter. CWM LLC now owns 4,002 shares of the construction company's stock valued at $82,000 after purchasing an additional 2,391 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in Beazer Homes USA during the first quarter valued at approximately $99,000. Finally, Belpointe Asset Management LLC lifted its position in Beazer Homes USA by 11.0% during the first 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. 85.65% of the stock is currently owned by institutional investors.

Beazer Homes USA Trading Up 2.3%

Shares of BZH opened at $26.09 on Friday. The firm has a market cap of $775.52 million, a price-to-earnings ratio of 11.86, a PEG ratio of 0.81 and a beta of 2.12. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.91 and a current ratio of 13.33. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22. The firm has a 50 day moving average price of $24.49 and a 200-day moving average price of $22.28.

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). The business had revenue of $545.37 million during the quarter, compared to the consensus estimate of $565.47 million. Beazer Homes USA had a return on equity of 6.16% and a net margin of 2.84%.The company's revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 earnings per share. As a group, equities research analysts forecast that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on BZH. B. Riley began coverage on shares of Beazer Homes USA in a research report on Monday, June 30th. They set a "neutral" rating and a $23.00 target price for the company. Oppenheimer reiterated an "outperform" rating and set a $30.00 target price (down from $33.00) on shares of Beazer Homes USA in a research report on Monday, August 4th. Finally, Wedbush restated an "outperform" rating and issued a $41.00 price objective on shares of Beazer Homes USA in a report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" 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.

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