Panagora Asset Management Inc. purchased a new position in Beazer Homes USA, Inc. (NYSE:BZH) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 115,761 shares of the construction company’s stock, valued at approximately $1,112,000. Panagora Asset Management Inc. owned approximately 0.37% of Beazer Homes USA at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. FMR LLC purchased a new stake in Beazer Homes USA during the 1st quarter valued at about $10,786,000. Marshall Wace North America L.P. grew its position in Beazer Homes USA by 1,713.3% during the 1st quarter. Marshall Wace North America L.P. now owns 223,465 shares of the construction company’s stock valued at $2,572,000 after purchasing an additional 211,141 shares during the last quarter. Acadian Asset Management LLC grew its position in Beazer Homes USA by 1,114.2% during the 1st quarter. Acadian Asset Management LLC now owns 156,263 shares of the construction company’s stock valued at $1,798,000 after purchasing an additional 143,393 shares during the last quarter. Winslow Asset Management Inc. grew its position in Beazer Homes USA by 15.9% during the 2nd quarter. Winslow Asset Management Inc. now owns 633,467 shares of the construction company’s stock valued at $6,088,000 after purchasing an additional 86,930 shares during the last quarter. Finally, Aperio Group LLC grew its position in Beazer Homes USA by 136.8% during the 2nd quarter. Aperio Group LLC now owns 109,751 shares of the construction company’s stock valued at $1,055,000 after purchasing an additional 63,407 shares during the last quarter. Institutional investors own 84.39% of the company’s stock.
Shares of NYSE BZH traded up $0.27 during trading on Thursday, reaching $14.00. 23,068 shares of the company traded hands, compared to its average volume of 461,161. The firm has a 50 day simple moving average of $11.97 and a 200-day simple moving average of $11.29. The company has a quick ratio of 0.69, a current ratio of 11.86 and a debt-to-equity ratio of 2.47. The stock has a market capitalization of $432.13 million, a PE ratio of 7.04 and a beta of 2.41. Beazer Homes USA, Inc. has a 52-week low of $8.16 and a 52-week high of $14.37.
Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The firm had revenue of $482.74 million for the quarter, compared to the consensus estimate of $470.65 million. Beazer Homes USA had a negative net margin of 1.03% and a positive return on equity of 10.17%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 EPS. As a group, research analysts predict that Beazer Homes USA, Inc. will post 1.51 EPS for the current year.
Several analysts recently commented on BZH shares. Zacks Investment Research downgraded shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Wedbush reissued an “outperform” rating and set a $17.00 price objective on shares of Beazer Homes USA in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Beazer Homes USA currently has an average rating of “Hold” and a consensus price target of $13.75.
Beazer Homes USA Profile
Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.
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