Belpointe Asset Management LLC Raises Holdings in Beazer Homes USA, Inc. $BZH

Belpointe Asset Management LLC boosted its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 20.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,448 shares of the construction company’s stock after purchasing an additional 2,129 shares during the quarter. Belpointe Asset Management LLC’s holdings in Beazer Homes USA were worth $278,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BZH. Readystate Asset Management LP acquired a new position in shares of Beazer Homes USA during the 1st quarter worth about $2,210,000. Denali Advisors LLC boosted its position in shares of Beazer Homes USA by 198.5% during the 1st quarter. Denali Advisors LLC now owns 147,777 shares of the construction company’s stock worth $3,013,000 after acquiring an additional 98,277 shares in the last quarter. Nuveen LLC acquired a new position in shares of Beazer Homes USA during the 1st quarter worth about $1,651,000. Round Hill Asset Management acquired a new position in shares of Beazer Homes USA during the 1st quarter worth about $1,315,000. Finally, Cerity Partners LLC acquired a new position in shares of Beazer Homes USA during the 1st quarter worth about $1,291,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Stock Down 2.8%

BZH opened at $21.89 on Friday. The business has a 50 day moving average price of $24.77 and a two-hundred day moving average price of $22.63. The company has a quick ratio of 0.91, a current ratio of 13.33 and a debt-to-equity ratio of 0.94. The company has a market cap of $650.79 million, a PE ratio of 9.95, a P/E/G ratio of 0.58 and a beta of 2.17. 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 posted its quarterly earnings data on Thursday, July 31st. The construction company reported $0.26 EPS 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%. The firm’s revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share. As a group, research analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BZH. Wedbush reaffirmed an “outperform” rating and set a $41.00 price objective on shares of Beazer Homes USA in a research report on Friday, August 1st. Oppenheimer reaffirmed an “outperform” rating and set a $30.00 price objective (down from $33.00) on shares of Beazer Homes USA in a research report on Monday, August 4th. B. Riley began coverage on Beazer Homes USA in a research report on Monday, June 30th. They set a “neutral” rating and a $23.00 price objective for the company. Zacks Research raised Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Beazer Homes USA in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Beazer Homes USA has an average rating of “Hold” and a consensus price target of $31.33.

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.