Atria Wealth Solutions Inc. Has $1.12 Million Position in Beazer Homes USA, Inc. (NYSE:BZH)

Atria Wealth Solutions Inc. raised its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 297.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,935 shares of the construction company’s stock after buying an additional 41,112 shares during the quarter. Atria Wealth Solutions Inc. owned about 0.18% of Beazer Homes USA worth $1,120,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BZH. Sterling Capital Management LLC grew its position in shares of 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 Asia Singapore Pte. Ltd. acquired a new position in shares of Beazer Homes USA in the 4th quarter valued at approximately $34,000. US Bancorp DE grew its position in shares of Beazer Homes USA by 48.1% in the 1st quarter. US Bancorp DE now owns 2,523 shares of the construction company’s stock valued at $51,000 after purchasing an additional 819 shares during the period. Quarry LP acquired a new position in shares of Beazer Homes USA in the 4th quarter valued at approximately $69,000. Finally, CWM LLC grew its position in shares of Beazer Homes USA by 148.4% in the 1st quarter. CWM LLC now owns 4,002 shares of the construction company’s stock valued at $82,000 after purchasing an additional 2,391 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. B. Riley assumed coverage on Beazer Homes USA in a research report on Monday, June 30th. They issued a “neutral” rating and a $23.00 price objective for the company. Wedbush reiterated an “outperform” rating and issued a $41.00 price objective on shares of Beazer Homes USA in a research report on Friday, August 1st. Finally, Oppenheimer reiterated an “outperform” rating and issued a $30.00 price objective (down from $33.00) on shares of Beazer Homes USA in a research report on Monday, August 4th.

Beazer Homes USA Price Performance

Shares of BZH opened at $23.11 on Tuesday. The stock has a market capitalization of $686.94 million, a P/E ratio of 10.50, a P/E/G ratio of 0.74 and a beta of 2.09. Beazer Homes USA, Inc. has a twelve month low of $17.37 and a twelve month high of $38.22. The company has a 50 day moving average of $22.99 and a 200-day moving average of $22.05. The company has a quick ratio of 0.91, a current ratio of 13.33 and a debt-to-equity ratio of 0.94.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.16). The business had revenue of $545.37 million for the quarter, compared to the consensus estimate of $565.47 million. Beazer Homes USA had a return on equity of 6.16% and a net margin of 2.84%. Beazer Homes USA’s revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 earnings per share. As a group, equities research analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal 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.