Cerity Partners LLC Makes New $1.29 Million Investment in Beazer Homes USA, Inc. (NYSE:BZH)

Cerity Partners LLC acquired a new position in Beazer Homes USA, Inc. (NYSE:BZH) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 63,335 shares of the construction company’s stock, valued at approximately $1,291,000. Cerity Partners LLC owned 0.20% of Beazer Homes USA as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of BZH. Sterling Capital Management LLC grew its stake in Beazer Homes USA by 776.2% in the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock worth $25,000 after purchasing an additional 815 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Beazer Homes USA in the fourth quarter worth $34,000. Quarry LP purchased a new stake in Beazer Homes USA in the fourth quarter worth $69,000. Exchange Traded Concepts LLC bought a new position in Beazer Homes USA during the 1st quarter valued at approximately $99,000. Finally, KLP Kapitalforvaltning AS bought a new position in Beazer Homes USA during the 4th quarter valued at approximately $148,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wedbush reissued an “outperform” rating and issued a $41.00 target price (down previously from $45.00) on shares of Beazer Homes USA in a report on Friday, May 2nd. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price objective (down previously from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. Finally, B. Riley assumed coverage on Beazer Homes USA in a report on Monday, June 30th. They issued a “neutral” rating and a $23.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $32.33.

Insider Activity at Beazer Homes USA

In other news, Director John J. Kelley III bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average cost of $21.50 per share, with a total value of $215,000.00. Following the transaction, the director directly owned 15,917 shares in the company, valued at approximately $342,215.50. The trade was a 169.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.52% of the company’s stock.

Beazer Homes USA Stock Up 0.2%

Shares of NYSE BZH opened at $23.32 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.96 and a current ratio of 13.07. The firm has a market capitalization of $706.44 million, a price-to-earnings ratio of 7.55, a PEG ratio of 0.65 and a beta of 2.09. The stock has a 50 day moving average price of $22.27 and a 200 day moving average price of $22.45. Beazer Homes USA, Inc. has a 52-week low of $17.37 and a 52-week high of $38.22.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $543.60 million. During the same period in the previous year, the company posted $1.26 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts expect that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

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.