Penn Capital Management Company LLC Buys New Shares in Beazer Homes USA, Inc. $BZH

Key Points

• Penn Capital Management Company LLC has acquired a new stake in Beazer Homes USA, Inc., purchasing 34,246 shares valued at approximately $698,000.
• Institutional investors now hold about 85.65% of Beazer Homes USA's stock, reflecting significant interest in the company.
• Beazer Homes reported quarterly earnings of $0.26 per share, missing estimates, with a notable decrease in revenue compared to the previous year.

Penn Capital Management Company LLC acquired a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,246 shares of the construction company's stock, valued at approximately $698,000. Penn Capital Management Company LLC owned about 0.11% of Beazer Homes USA at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its stake in shares of Beazer Homes USA by 776.2% during the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company's stock valued at $25,000 after purchasing an additional 815 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Beazer Homes USA during the fourth quarter valued at approximately $34,000. US Bancorp DE grew its stake in shares of 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. Quarry LP bought a new stake in shares of Beazer Homes USA during the fourth quarter valued at approximately $69,000. Finally, CWM LLC grew its stake in shares of 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. 85.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wedbush reissued an "outperform" rating and set a $41.00 price target on shares of Beazer Homes USA in a research note on Friday, August 1st. Oppenheimer restated an "outperform" rating and issued a $30.00 price objective (down from $33.00) on shares of Beazer Homes USA in a report on Monday, August 4th. Finally, B. Riley started coverage on shares of Beazer Homes USA in a report on Monday, June 30th. They issued a "neutral" rating and a $23.00 price objective on the stock. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $31.33.

Beazer Homes USA Stock Down 1.3%

Shares of NYSE:BZH traded down $0.33 during midday trading on Friday, reaching $24.87. 77,210 shares of the company were exchanged, compared to its average volume of 402,379. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22. The company has a quick ratio of 0.91, a current ratio of 13.33 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $23.91 and a two-hundred day simple moving average of $22.19. The firm has a market cap of $739.41 million, a PE ratio of 11.31, a P/E/G ratio of 0.81 and a beta of 2.09.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.16). The company had revenue of $545.37 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. As a group, sell-side analysts forecast that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current 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.