GSA Capital Partners LLP Has $1.45 Million Stock Position in Beazer Homes USA, Inc. (NYSE:BZH)

GSA Capital Partners LLP raised its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 158.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,269 shares of the construction company’s stock after buying an additional 43,728 shares during the period. GSA Capital Partners LLP owned 0.24% of Beazer Homes USA worth $1,453,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BZH. Raymond James Financial Inc. acquired a new stake in Beazer Homes USA in the fourth quarter valued at approximately $1,216,000. American Century Companies Inc. boosted its position in Beazer Homes USA by 8.1% in the fourth quarter. American Century Companies Inc. now owns 70,734 shares of the construction company’s stock valued at $1,942,000 after buying an additional 5,284 shares in the last quarter. Sei Investments Co. boosted its position in Beazer Homes USA by 40.3% in the fourth quarter. Sei Investments Co. now owns 103,588 shares of the construction company’s stock valued at $2,845,000 after buying an additional 29,772 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Beazer Homes USA in the fourth quarter valued at approximately $148,000. Finally, Vanguard Group Inc. boosted its position in Beazer Homes USA by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,828,558 shares of the construction company’s stock valued at $50,212,000 after buying an additional 22,033 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insiders Place Their Bets

In other news, Director John J. Kelley III bought 10,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average price of $21.50 per share, with a total value of $215,000.00. Following the completion of the purchase, the director directly owned 15,917 shares of the company’s stock, valued at approximately $342,215.50. This represents a 169.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 6.52% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on BZH. Wedbush reaffirmed an “outperform” rating and set a $41.00 price target (down previously from $45.00) on shares of Beazer Homes USA in a research note on Friday, May 2nd. B. Riley began coverage on shares of Beazer Homes USA in a research note on Monday, June 30th. They set a “neutral” rating and a $23.00 price target for the company. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price target (down previously from $37.00) on shares of Beazer Homes USA in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.33.

Beazer Homes USA Price Performance

BZH stock opened at $24.32 on Wednesday. The company has a fifty day moving average price of $22.58 and a 200-day moving average price of $22.39. The company has a market capitalization of $736.90 million, a P/E ratio of 7.87, a PEG ratio of 0.68 and a beta of 2.09. Beazer Homes USA, Inc. has a 52-week low of $17.37 and a 52-week high of $38.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.96 and a current ratio of 13.07.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.16. Beazer Homes USA had a net margin of 3.91% and a return on equity of 7.81%. The firm had revenue of $565.34 million during the quarter, compared to the consensus estimate of $543.60 million. During the same quarter last year, the firm earned $1.26 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts expect that Beazer Homes USA, Inc. will post 3.48 EPS for the current 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.