Penn Capital Management Company LLC Takes Position 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 stake in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 34,246 shares of the construction company's stock, valued at approximately $698,000. Penn Capital Management Company LLC owned 0.11% of Beazer Homes USA at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its stake in shares of Beazer Homes USA by 776.2% in the 4th 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 period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Beazer Homes USA in the 4th quarter valued at about $34,000. US Bancorp DE lifted its stake in shares of Beazer Homes USA by 48.1% in the 1st 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 period. Quarry LP acquired a new position in shares of Beazer Homes USA in the 4th quarter valued at about $69,000. Finally, CWM LLC lifted its stake in shares of Beazer Homes USA by 148.4% in the 1st 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 period. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BZH. B. Riley initiated coverage on Beazer Homes USA in a research note on Monday, June 30th. They issued a "neutral" rating and a $23.00 price objective on the stock. Wedbush reaffirmed an "outperform" rating and set a $41.00 price target on shares of Beazer Homes USA in a research note on Friday, August 1st. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $30.00 price target (down from $33.00) on shares of Beazer Homes USA in a research note on Monday, August 4th. Two investment 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. According to data from MarketBeat.com, Beazer Homes USA currently has a consensus rating of "Hold" and an average target price of $31.33.

Beazer Homes USA Stock Up 7.2%

BZH stock opened at $26.2060 on Friday. The stock's 50 day simple moving average is $23.60 and its 200 day simple moving average is $22.10. 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 debt-to-equity ratio of 0.94, a quick ratio of 0.91 and a current ratio of 13.33. The company has a market cap of $779.00 million, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 0.83 and a beta of 2.09.

Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its quarterly earnings results 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 return on equity of 6.16% and a net margin of 2.84%.The firm had revenue of $545.37 million for the quarter, compared to analyst estimates of $565.47 million. During the same period last year, the company posted $0.88 earnings per share. The firm's quarterly revenue was down 8.4% compared to the same quarter last year. On average, research analysts expect that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

About Beazer Homes USA

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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