Nuveen LLC Purchases New Position in Beazer Homes USA, Inc. $BZH

Key Points

• Nuveen LLC has acquired 80,954 shares of Beazer Homes USA, worth approximately $1.65 million, marking a new stake for the firm in the construction company.
• Beazer Homes reported a net margin of 2.84% and a drop in revenue of 8.4% year-over-year, with earnings per share of $0.26, which was below analysts' estimates.
• Analysts have mixed ratings on Beazer Homes, with a consensus rating of "Hold" and a price target averaging $31.33, while two analysts rated it as a Buy.

Nuveen LLC acquired a new position in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 80,954 shares of the construction company's stock, valued at approximately $1,651,000. Nuveen LLC owned 0.27% of Beazer Homes USA at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Beazer Homes USA in the fourth quarter valued at approximately $34,000. US Bancorp DE boosted its position in Beazer Homes USA by 48.1% during the 1st quarter. US Bancorp DE now owns 2,523 shares of the construction company's stock valued at $51,000 after buying an additional 819 shares during the period. CWM LLC boosted its position in Beazer Homes USA by 148.4% during the 1st quarter. CWM LLC now owns 4,002 shares of the construction company's stock valued at $82,000 after buying an additional 2,391 shares during the period. Exchange Traded Concepts LLC bought a new stake in Beazer Homes USA in the 1st quarter worth $99,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Beazer Homes USA by 61.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,018 shares of the construction company's stock valued at $165,000 after acquiring an additional 2,290 shares during the period. Institutional investors own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BZH. Wedbush reiterated an "outperform" rating and set a $41.00 target price on shares of Beazer Homes USA in a report on Friday, August 1st. Oppenheimer reiterated 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. Finally, B. Riley began coverage on Beazer Homes USA in a research note on Monday, June 30th. They set a "neutral" rating and a $23.00 target price on the stock. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $31.33.

Beazer Homes USA Stock Up 0.8%

NYSE:BZH traded up $0.20 during mid-day trading on Wednesday, hitting $25.04. 154,336 shares of the company's stock were exchanged, compared to its average volume of 401,508. The company has a market cap of $744.29 million, a PE ratio of 11.37, a P/E/G ratio of 0.80 and a beta of 2.12. 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, Inc. has a one year low of $17.37 and a one year high of $38.22. The business has a fifty day moving average price of $24.09 and a 200 day moving average price of $22.19.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its 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 business had revenue of $545.37 million for the quarter, compared to analysts' expectations 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 revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 earnings per share. Equities analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

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.