Freestone Grove Partners LP Invests $604,000 in Beazer Homes USA, Inc. (NYSE:BZH)

Freestone Grove Partners LP bought a new stake in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,987 shares of the construction company's stock, valued at approximately $604,000. Freestone Grove Partners LP owned about 0.07% of Beazer Homes USA as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Beazer Homes USA by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,828,558 shares of the construction company's stock worth $50,212,000 after buying an additional 22,033 shares during the period. Boston Partners raised its stake in shares of Beazer Homes USA by 5.1% during the fourth quarter. Boston Partners now owns 1,123,125 shares of the construction company's stock valued at $30,946,000 after acquiring an additional 54,959 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Beazer Homes USA by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,075,199 shares of the construction company's stock worth $29,525,000 after purchasing an additional 5,431 shares during the period. Mill Road Capital Management LLC grew its stake in shares of Beazer Homes USA by 81.0% in the fourth quarter. Mill Road Capital Management LLC now owns 666,058 shares of the construction company's stock worth $18,290,000 after purchasing an additional 297,989 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in Beazer Homes USA by 9.1% during the 4th quarter. First Eagle Investment Management LLC now owns 612,158 shares of the construction company's stock valued at $16,810,000 after purchasing an additional 51,027 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Beazer Homes USA Stock Down 2.1 %

Shares of BZH traded down $0.44 on Tuesday, reaching $20.76. The stock had a trading volume of 375,821 shares, compared to its average volume of 392,983. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52. Beazer Homes USA, Inc. has a 12-month low of $17.37 and a 12-month high of $38.22. The firm has a market capitalization of $629.09 million, a price-to-earnings ratio of 5.28, a price-to-earnings-growth ratio of 0.35 and a beta of 2.20. The company has a 50-day simple moving average of $20.43 and a 200-day simple moving average of $25.98.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.16. Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. The firm had revenue of $565.34 million for the quarter, compared to the consensus estimate of $543.60 million. During the same period in the prior year, the firm earned $1.26 EPS. The company's revenue was up 4.4% compared to the same quarter last year. Sell-side analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BZH. Wedbush reiterated an "outperform" rating and issued a $41.00 price objective (down from $45.00) on shares of Beazer Homes USA in a research report on Friday. Oppenheimer reissued an "outperform" rating and set a $33.00 price objective (down from $37.00) on shares of Beazer Homes USA in a research report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $37.00.

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.