Quantbot Technologies LP Purchases Shares of 23,232 Beazer Homes USA, Inc. $BZH

Key Points

• Quantbot Technologies LP has acquired 23,232 shares of Beazer Homes USA, valued at approximately $474,000, representing a 0.08% stake in the company.
• Beazer Homes reported a quarterly EPS of $0.26, falling short of estimates, with revenue down 8.4% year-over-year at $545.37 million.
• Analysts have mixed ratings on Beazer Homes, with price targets ranging from $23.00 to $41.00 and a consensus target of $31.33.

Quantbot Technologies LP purchased a new position in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,232 shares of the construction company's stock, valued at approximately $474,000. Quantbot Technologies LP owned 0.08% of Beazer Homes USA as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Beazer Homes USA by 0.6% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 76,110 shares of the construction company's stock worth $1,552,000 after acquiring an additional 476 shares during the period. US Bancorp DE grew its stake in shares of Beazer Homes USA by 48.1% in the first quarter. US Bancorp DE now owns 2,523 shares of the construction company's stock worth $51,000 after acquiring an additional 819 shares during the period. MetLife Investment Management LLC grew its stake in shares of Beazer Homes USA by 4.8% in the fourth quarter. MetLife Investment Management LLC now owns 18,234 shares of the construction company's stock worth $501,000 after acquiring an additional 835 shares during the period. GHE LLC grew its stake in shares of Beazer Homes USA by 1.2% in the first quarter. GHE LLC now owns 70,637 shares of the construction company's stock worth $1,440,000 after acquiring an additional 859 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Beazer Homes USA by 0.5% in the first quarter. Assenagon Asset Management S.A. now owns 192,951 shares of the construction company's stock worth $3,934,000 after acquiring an additional 872 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Beazer Homes USA Price Performance

NYSE:BZH traded down $0.20 during trading hours on Thursday, hitting $25.19. 222,202 shares of the stock traded hands, compared to its average volume of 400,977. 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 1 year low of $17.37 and a 1 year high of $38.22. The company has a market cap of $749.02 million, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 0.81 and a beta of 2.09. The stock has a 50 day moving average price of $23.91 and a 200 day moving average price of $22.19.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $0.26 earnings per share for the quarter, missing the consensus estimate 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 firm earned $0.88 EPS. Beazer Homes USA's revenue for the quarter was down 8.4% compared to the same quarter last year. Sell-side analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently 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 restated 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 set a $41.00 target price on shares of Beazer Homes USA in a research report on Friday, August 1st. Two equities research 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 MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $31.33.

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.