Optimize Financial Inc Buys New Position in Beazer Homes USA, Inc. (NYSE:BZH)

Optimize Financial Inc acquired a new stake in Beazer Homes USA, Inc. (NYSE:BZH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 17,154 shares of the construction company’s stock, valued at approximately $471,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sterling Capital Management LLC raised its stake in Beazer Homes USA by 776.2% during the 4th 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. Point72 Asset Management L.P. bought a new position in shares of Beazer Homes USA during the third quarter valued at about $125,000. KLP Kapitalforvaltning AS purchased a new position in shares of Beazer Homes USA in the 4th quarter worth approximately $148,000. Focus Financial Network Inc. bought a new position in Beazer Homes USA in the 4th quarter valued at $275,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Beazer Homes USA during the fourth quarter worth about $300,000. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wedbush reiterated an “outperform” rating and set a $45.00 price target on shares of Beazer Homes USA in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, Beazer Homes USA presently has a consensus rating of “Hold” and an average price target of $39.67.

Beazer Homes USA Price Performance

Shares of NYSE:BZH opened at $18.20 on Friday. The company has a 50 day moving average of $21.85 and a 200 day moving average of $27.55. The stock has a market cap of $567.96 million, a P/E ratio of 4.63, a P/E/G ratio of 0.35 and a beta of 2.05. 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 12 month low of $17.37 and a 12 month high of $38.22.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Thursday, January 30th. The construction company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. As a group, sell-side analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

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.