Transmarket Holdings LP bought a new position in Beazer Homes USA, Inc. (NYSE:BZH – Free Report) in the third quarter, HoldingsChannel reports. The fund bought 59,000 shares of the construction company’s stock, valued at approximately $1,968,000. Beazer Homes USA accounts for approximately 1.1% of Transmarket Holdings LP’s investment portfolio, making the stock its 19th biggest position.
Other large investors have also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC acquired a new stake in Beazer Homes USA during the 3rd quarter worth approximately $273,000. Pension & Wealth Management Advisors Inc. bought a new stake in Beazer Homes USA during the 3rd quarter worth approximately $70,000. Fortitude Family Office LLC bought a new stake in Beazer Homes USA during the 3rd quarter worth approximately $68,000. GAMMA Investing LLC increased its position in Beazer Homes USA by 37.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,360 shares of the construction company’s stock valued at $45,000 after acquiring an additional 373 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Beazer Homes USA by 130.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,156 shares of the construction company’s stock valued at $139,000 after acquiring an additional 2,352 shares during the period. 85.65% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on BZH shares. Zacks Research downgraded shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. Oppenheimer cut shares of Beazer Homes USA from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. Weiss Ratings raised Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. Finally, Texas Capital downgraded Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.
Read Our Latest Stock Report on Beazer Homes USA
Beazer Homes USA Stock Performance
Shares of BZH opened at $33.48 on Thursday. The company has a current ratio of 14.64, a quick ratio of 1.28 and a debt-to-equity ratio of 1.23. The firm’s fifty day simple moving average is $33.34 and its two-hundred day simple moving average is $27.49. Beazer Homes USA, Inc. has a 12 month low of $17.83 and a 12 month high of $34.54. The stock has a market capitalization of $893.38 million, a P/E ratio of -111.62, a price-to-earnings-growth ratio of 1.64 and a beta of 2.19.
Beazer Homes USA (NYSE:BZH – Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The construction company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.18. The firm had revenue of $516.31 million during the quarter, compared to analyst estimates of $510.55 million. Beazer Homes USA had a positive return on equity of 0.18% and a negative net margin of 0.37%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. As a group, analysts predict that Beazer Homes USA, Inc. will post -0.67 EPS for the current year.
Beazer Homes USA Company Profile
Beazer Homes USA, Inc is a residential homebuilder headquartered in Atlanta, Georgia. The company designs, constructs and sells single-family homes for first-time, move-up and active-adult buyers, offering homes in a range of sizes, styles and price points. Its communities typically include features such as energy-efficient construction, modern floor plans and opportunities for buyers to personalize finishes and options.
Beazer operates through regional divisions in selected markets across the United States, including areas in the Southeast, Mid-Atlantic, Texas, the Southwest and other high-growth metropolitan regions.
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