Parallel Advisors LLC Raises Holdings in Beazer Homes USA, Inc. $BZH

Parallel Advisors LLC increased its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 292.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,582 shares of the construction company’s stock after purchasing an additional 3,413 shares during the period. Parallel Advisors LLC’s holdings in Beazer Homes USA were worth $102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in BZH. Millennium Management LLC raised its holdings in shares of Beazer Homes USA by 59.3% during the fourth quarter. Millennium Management LLC now owns 18,360 shares of the construction company’s stock valued at $504,000 after purchasing an additional 6,831 shares during the last quarter. ProShare Advisors LLC purchased a new position in shares of Beazer Homes USA in the 4th quarter worth $226,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Beazer Homes USA by 40.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,285 shares of the construction company’s stock worth $1,601,000 after buying an additional 16,923 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Beazer Homes USA in the 4th quarter worth $2,077,000. Finally, GAMMA Investing LLC boosted its stake in shares of Beazer Homes USA by 5,863.8% in the 1st quarter. GAMMA Investing LLC now owns 17,474 shares of the construction company’s stock worth $356,000 after buying an additional 17,181 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BZH. Wedbush restated an “outperform” rating and issued a $41.00 price target on shares of Beazer Homes USA in a research note on Friday, August 1st. Oppenheimer restated an “outperform” rating and issued a $30.00 price target (down from $33.00) on shares of Beazer Homes USA in a research note on Monday, August 4th. Finally, B. Riley began coverage on Beazer Homes USA in a research note on Monday, June 30th. They issued a “neutral” rating and a $23.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.33.

Beazer Homes USA Price Performance

NYSE BZH opened at $24.54 on Thursday. The company has a market capitalization of $729.57 million, a PE ratio of 11.15, a price-to-earnings-growth ratio of 0.77 and a beta of 2.12. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.91 and a current ratio of 13.33. The business’s fifty day moving average is $24.78 and its 200 day moving average is $22.45. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22.

Beazer Homes USA (NYSE:BZH) last released its 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 company had revenue of $545.37 million for the quarter, compared to analysts’ expectations of $565.47 million. Beazer Homes USA had a net margin of 2.84% and a return on equity of 6.16%. Beazer Homes USA’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. Sell-side analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share 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.