Register Financial Advisors LLC grew its holdings in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 52.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,381 shares of the construction company's stock after purchasing an additional 31,450 shares during the period. Beazer Homes USA makes up 1.0% of Register Financial Advisors LLC's investment portfolio, making the stock its 26th largest position. Register Financial Advisors LLC owned 0.29% of Beazer Homes USA worth $1,863,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Sterling Capital Management LLC lifted its position in Beazer Homes USA by 776.2% in the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company's stock valued at $25,000 after buying an additional 815 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Beazer Homes USA in the 4th quarter worth approximately $34,000. Quarry LP purchased a new position in shares of Beazer Homes USA during the 4th quarter worth approximately $69,000. Exchange Traded Concepts LLC acquired a new stake in Beazer Homes USA in the 1st quarter valued at approximately $99,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Beazer Homes USA in the fourth quarter valued at approximately $148,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Beazer Homes USA news, Director John J. Kelley III bought 10,000 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average price of $21.50 per share, with a total value of $215,000.00. Following the completion of the acquisition, the director now directly owns 15,917 shares of the company's stock, valued at $342,215.50. This represents a 169.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.52% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on BZH. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 price objective (down from $37.00) on shares of Beazer Homes USA in a research note on Tuesday, April 29th. Wedbush restated an "outperform" rating and set a $41.00 target price (down from $45.00) on shares of Beazer Homes USA in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $37.00.
Check Out Our Latest Stock Report on BZH
Beazer Homes USA Stock Up 0.5%
Shares of NYSE:BZH traded up $0.11 during trading on Tuesday, hitting $22.44. The company's stock had a trading volume of 249,533 shares, compared to its average volume of 391,474. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22. The business has a 50 day moving average price of $20.88 and a two-hundred day moving average price of $23.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.96 and a current ratio of 13.07. The company has a market capitalization of $679.93 million, a PE ratio of 7.26, a P/E/G ratio of 0.60 and a beta of 2.10.
Beazer Homes USA (NYSE:BZH - Get Free Report) last released its earnings results on Thursday, May 1st. The construction company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.26 by $0.16. The firm had revenue of $565.34 million during the quarter, compared to analysts' expectations of $543.60 million. Beazer Homes USA had a return on equity of 7.81% and a net margin of 3.91%. Beazer Homes USA's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 EPS. As a group, research analysts expect that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.
About Beazer Homes USA
(
Free Report)
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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