Raymond James Financial Inc. Invests $1.22 Million in Beazer Homes USA, Inc. (NYSE:BZH)

Raymond James Financial Inc. bought a new stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 44,298 shares of the construction company’s stock, valued at approximately $1,216,000. Raymond James Financial Inc. owned approximately 0.14% of Beazer Homes USA as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of BZH. Sanctuary Advisors LLC increased its holdings in shares of Beazer Homes USA by 14.4% in the fourth quarter. Sanctuary Advisors LLC now owns 17,766 shares of the construction company’s stock worth $492,000 after purchasing an additional 2,230 shares during the last quarter. Koss Olinger Consulting LLC grew its holdings in Beazer Homes USA by 14.5% during the 4th quarter. Koss Olinger Consulting LLC now owns 18,951 shares of the construction company’s stock valued at $520,000 after buying an additional 2,403 shares in the last quarter. Wells Fargo & Company MN increased its stake in Beazer Homes USA by 13.8% in the 4th quarter. Wells Fargo & Company MN now owns 27,492 shares of the construction company’s stock worth $755,000 after acquiring an additional 3,334 shares during the last quarter. GHE LLC raised its holdings in shares of Beazer Homes USA by 7.5% during the 4th quarter. GHE LLC now owns 69,778 shares of the construction company’s stock worth $1,916,000 after acquiring an additional 4,841 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its position in shares of Beazer Homes USA by 26.4% during the 4th quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company’s stock valued at $689,000 after acquiring an additional 5,235 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Oppenheimer restated an “outperform” rating and issued a $33.00 price target (down previously from $37.00) on shares of Beazer Homes USA in a research report on Tuesday, April 29th. Wedbush restated an “outperform” rating and issued a $41.00 target price (down from $45.00) on shares of Beazer Homes USA in a report on Friday. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, Beazer Homes USA has an average rating of “Hold” and a consensus price target of $37.00.

Beazer Homes USA Stock Performance

NYSE:BZH opened at $21.31 on Friday. The firm has a market capitalization of $664.94 million, a PE ratio of 5.42, a PEG ratio of 0.35 and a beta of 2.05. The stock’s fifty day moving average is $20.47 and its 200 day moving average is $26.12. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.16. The business had revenue of $565.34 million for the quarter, compared to the consensus estimate of $543.60 million. Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 earnings per share. On average, sell-side analysts anticipate that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Beazer Homes USA 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.