Tweedy Browne Co LLC Purchases Shares of 13,254 Beazer Homes USA, Inc. $BZH

Key Points

• Tweedy Browne Co LLC acquired a stake in Beazer Homes USA, purchasing 13,254 shares valued at approximately $296,000 during the second quarter.
• Beazer Homes USA has a market cap of $673.09 million, a PE ratio of 10.29, and has experienced a year-over-year revenue decline of 8.4%.
• Analysts have mixed ratings for Beazer Homes, with a consensus rating of "Hold" and a target price of $31.33, reflecting cautious optimism in market performance.

Tweedy Browne Co LLC purchased a new stake in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,254 shares of the construction company's stock, valued at approximately $296,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Atria Wealth Solutions Inc. grew its position in shares of Beazer Homes USA by 3.6% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 56,940 shares of the construction company's stock valued at $1,274,000 after buying an additional 2,005 shares during the last quarter. Total Clarity Wealth Management Inc. acquired a new position in shares of Beazer Homes USA in the 2nd quarter valued at about $234,000. CWM LLC lifted its stake in shares of Beazer Homes USA by 69.2% in the 2nd quarter. CWM LLC now owns 6,771 shares of the construction company's stock valued at $151,000 after purchasing an additional 2,769 shares during the period. Belpointe Asset Management LLC lifted its stake in shares of Beazer Homes USA by 20.6% in the 2nd quarter. Belpointe Asset Management LLC now owns 12,448 shares of the construction company's stock valued at $278,000 after purchasing an additional 2,129 shares during the period. Finally, Register Financial Advisors LLC lifted its stake in shares of Beazer Homes USA by 7.7% in the 2nd quarter. Register Financial Advisors LLC now owns 98,381 shares of the construction company's stock valued at $2,201,000 after purchasing an additional 7,000 shares during the period. Institutional investors own 85.65% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BZH. Weiss Ratings reissued a "hold (c-)" rating on shares of Beazer Homes USA in a research note on Wednesday, October 8th. Wedbush reissued an "outperform" rating and issued a $41.00 price objective on shares of Beazer Homes USA in a research note on Friday, August 1st. B. Riley started coverage on Beazer Homes USA in a research note on Monday, June 30th. They set a "neutral" rating and a $23.00 price target on the stock. Oppenheimer reissued an "outperform" rating and issued a $30.00 price objective (down from $33.00) on shares of Beazer Homes USA in a research note on Monday, August 4th. Finally, Zacks Research raised Beazer Homes USA from a "strong sell" rating to a "hold" rating in a research note on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $31.33.

Beazer Homes USA Stock Performance

BZH stock opened at $22.64 on Friday. The firm has a market cap of $673.09 million, a PE ratio of 10.29, a P/E/G ratio of 0.60 and a beta of 2.17. 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 business has a 50 day moving average of $24.73 and a 200-day moving average of $22.67. Beazer Homes USA, Inc. has a 12-month low of $17.37 and a 12-month high of $38.22.

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 during the quarter, compared to the consensus estimate of $565.47 million. Beazer Homes USA had a net margin of 2.84% and a return on equity of 6.16%. The business's revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share. As a group, sell-side analysts expect 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.

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