Governors Lane LP Invests $6.10 Million in Beazer Homes USA, Inc. $BZH

Governors Lane LP acquired a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 217,362 shares of the construction company’s stock, valued at approximately $6,097,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BZH. Arizona State Retirement System purchased a new position in Beazer Homes USA during the second quarter worth $206,000. California State Teachers Retirement System lifted its position in shares of Beazer Homes USA by 5,489.8% in the second quarter. California State Teachers Retirement System now owns 1,678,175 shares of the construction company’s stock valued at $47,073,000 after acquiring an additional 1,648,153 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Beazer Homes USA by 1.4% during the second quarter. HB Wealth Management LLC now owns 59,448 shares of the construction company’s stock valued at $1,668,000 after acquiring an additional 833 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Beazer Homes USA during the second quarter valued at $604,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Beazer Homes USA during the 2nd quarter worth about $56,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

BZH has been the subject of several analyst reports. Texas Capital downgraded shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings raised shares of Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. Zacks Research raised shares of Beazer Homes USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Oppenheimer downgraded Beazer Homes USA from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Beazer Homes USA Stock Performance

NYSE BZH opened at $33.26 on Wednesday. The business’s 50-day moving average price is $32.43 and its 200 day moving average price is $26.52. The company has a current ratio of 14.64, a quick ratio of 1.28 and a debt-to-equity ratio of 1.23. Beazer Homes USA, Inc. has a twelve month low of $17.83 and a twelve month high of $34.54. The company has a market capitalization of $887.24 million, a PE ratio of -110.85 and a beta of 2.17.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Friday, August 7th. The construction company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.18. Beazer Homes USA had a positive return on equity of 0.18% and a negative net margin of 0.37%.The company had revenue of $516.31 million during the quarter, compared to analysts’ expectations of $510.55 million. During the same quarter in the previous year, the business earned $0.26 EPS. The firm’s revenue was down 5.3% on a year-over-year basis. On average, research analysts predict that Beazer Homes USA, Inc. will post -0.21 earnings per share for the current year.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.