Exchange Traded Concepts LLC Buys New Shares in Beazer Homes USA, Inc. (NYSE:BZH)

Exchange Traded Concepts LLC bought a new stake in Beazer Homes USA, Inc. (NYSE:BZH) in the 1st quarter, Holdings Channel.com reports. The fund bought 4,839 shares of the construction company’s stock, valued at approximately $99,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. increased its stake in Beazer Homes USA by 0.5% in the first quarter. Assenagon Asset Management S.A. now owns 192,951 shares of the construction company’s stock valued at $3,934,000 after purchasing an additional 872 shares during the last quarter. GAMMA Investing LLC increased its stake in Beazer Homes USA by 5,863.8% in the first quarter. GAMMA Investing LLC now owns 17,474 shares of the construction company’s stock valued at $356,000 after purchasing an additional 17,181 shares during the last quarter. GHE LLC increased its stake in Beazer Homes USA by 7.5% in the fourth quarter. GHE LLC now owns 69,778 shares of the construction company’s stock valued at $1,916,000 after purchasing an additional 4,841 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Beazer Homes USA in the fourth quarter valued at $2,077,000. Finally, PharVision Advisers LLC acquired a new position in Beazer Homes USA in the fourth quarter valued at $292,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Beazer Homes USA

In related news, Director John J. Kelley III bought 10,000 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $21.50 per share, with a total value of $215,000.00. Following the completion of the transaction, the director now directly owns 15,917 shares of the company’s stock, valued at approximately $342,215.50. This represents a 169.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.52% of the stock is owned by company insiders.

Beazer Homes USA Price Performance

BZH stock opened at $22.44 on Wednesday. The stock has a 50-day moving average price of $20.96 and a two-hundred day moving average price of $23.22. Beazer Homes USA, Inc. has a 12-month low of $17.37 and a 12-month high of $38.22. The company has a current ratio of 13.07, a quick ratio of 0.96 and a debt-to-equity ratio of 0.88. The company has a market cap of $679.93 million, a PE ratio of 7.26, a price-to-earnings-growth ratio of 0.62 and a beta of 2.09.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.16. Beazer Homes USA had a return on equity of 7.81% and a net margin of 3.91%. The firm had revenue of $565.34 million during the quarter, compared to the consensus estimate of $543.60 million. During the same quarter in the previous year, the business earned $1.26 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Wall Street Analysts Forecast Growth

BZH has been the subject of several analyst reports. Wedbush reiterated an “outperform” rating and issued a $41.00 target price (down from $45.00) on shares of Beazer Homes USA in a research note on Friday, May 2nd. Oppenheimer reiterated an “outperform” rating and issued a $33.00 target price (down from $37.00) on shares of Beazer Homes USA in a research note on Tuesday, April 29th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.00.

About Beazer Homes USA

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.