GAMMA Investing LLC Raises Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

GAMMA Investing LLC boosted its position in Beazer Homes USA, Inc. (NYSE:BZH) by 5,863.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,474 shares of the construction company’s stock after purchasing an additional 17,181 shares during the quarter. GAMMA Investing LLC owned about 0.06% of Beazer Homes USA worth $356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its position in shares of Beazer Homes USA by 776.2% in the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock valued at $25,000 after purchasing an additional 815 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Beazer Homes USA during the fourth quarter worth approximately $34,000. Quarry LP acquired a new position in Beazer Homes USA during the fourth quarter worth $69,000. KLP Kapitalforvaltning AS acquired a new position in Beazer Homes USA during the fourth quarter worth $148,000. Finally, Tower Research Capital LLC TRC grew its holdings in Beazer Homes USA by 61.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,018 shares of the construction company’s stock valued at $165,000 after buying an additional 2,290 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insiders Place Their Bets

In other news, Director John J. Kelley III purchased 10,000 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were bought at an average cost of $21.50 per share, for a total transaction of $215,000.00. Following the completion of the purchase, the director now directly owns 15,917 shares of the company’s stock, valued at approximately $342,215.50. This trade represents a 169.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.52% of the stock is currently owned by insiders.

Beazer Homes USA Price Performance

BZH stock opened at $21.62 on Friday. Beazer Homes USA, Inc. has a 52-week low of $17.37 and a 52-week high of $38.22. The company has a quick ratio of 0.96, a current ratio of 13.07 and a debt-to-equity ratio of 0.88. The stock has a market cap of $655.15 million, a price-to-earnings ratio of 7.00, a price-to-earnings-growth ratio of 0.60 and a beta of 2.09. The business has a fifty day moving average of $20.80 and a two-hundred day moving average of $23.43.

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

Analyst Ratings Changes

Several research analysts have recently commented on BZH shares. Wedbush reiterated an “outperform” rating and set a $41.00 price target (down previously from $45.00) on shares of Beazer Homes USA in a report on Friday, May 2nd. Oppenheimer reaffirmed an “outperform” rating and set 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.