Freestone Grove Partners LP Takes Position in Beazer Homes USA, Inc. (NYSE:BZH)

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

Several other institutional investors and hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC increased its position in Beazer Homes USA by 776.2% during the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company's stock worth $25,000 after buying an additional 815 shares during the period. Quarry LP purchased a new position in Beazer Homes USA during the fourth quarter worth about $69,000. KLP Kapitalforvaltning AS acquired a new stake in Beazer Homes USA in the fourth quarter valued at $148,000. Tower Research Capital LLC TRC boosted its holdings in Beazer Homes USA by 61.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,018 shares of the construction company's stock worth $165,000 after buying an additional 2,290 shares in the last quarter. Finally, Focus Financial Network Inc. acquired a new stake in shares of Beazer Homes USA in the 4th quarter worth approximately $275,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Trading Down 0.1 %

Shares of NYSE BZH traded down $0.03 on Friday, reaching $21.47. 111,181 shares of the company traded hands, compared to its average volume of 390,932. The company has a 50 day moving average of $20.37 and a 200 day moving average of $25.84. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22. The stock has a market capitalization of $650.61 million, a PE ratio of 5.46, a P/E/G ratio of 0.35 and a beta of 2.20.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price target (down previously from $37.00) on shares of Beazer Homes USA in a research note on Tuesday, April 29th. Wedbush reissued an "outperform" rating and set a $41.00 price objective (down from $45.00) on shares of Beazer Homes USA in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $37.00.

Beazer Homes USA Company 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.