Nokomis Capital L.L.C. Has $8.58 Million Stock Position in Beazer Homes USA, Inc. (NYSE:BZH)

Nokomis Capital L.L.C. reduced its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 23.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 312,545 shares of the construction company’s stock after selling 94,586 shares during the quarter. Beazer Homes USA comprises about 3.1% of Nokomis Capital L.L.C.’s investment portfolio, making the stock its 9th largest holding. Nokomis Capital L.L.C. owned 1.00% of Beazer Homes USA worth $8,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Sterling Capital Management LLC boosted its holdings in shares of Beazer Homes USA by 776.2% in the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock valued at $25,000 after acquiring an additional 815 shares in the last quarter. Quarry LP bought a new position in Beazer Homes USA during the 4th quarter valued at $69,000. KLP Kapitalforvaltning AS acquired a new position in shares of Beazer Homes USA during the 4th quarter valued at $148,000. Tower Research Capital LLC TRC increased its position in shares of Beazer Homes USA by 61.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,018 shares of the construction company’s stock valued at $165,000 after purchasing an additional 2,290 shares during the period. Finally, Focus Financial Network Inc. bought a new stake in shares of Beazer Homes USA in the 4th quarter worth $275,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analysts Set New Price Targets

BZH has been the subject of several research reports. Wedbush reaffirmed an “outperform” rating and set a $41.00 target price (down previously from $45.00) on shares of Beazer Homes USA in a research note on Friday, May 2nd. Oppenheimer reissued an “outperform” rating and issued a $33.00 price target (down from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $37.00.

Insiders Place Their Bets

In other Beazer Homes USA news, Director John J. Kelley III bought 10,000 shares of Beazer Homes USA stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $21.50 per share, for a total transaction of $215,000.00. Following the completion of the acquisition, the director now directly owns 15,917 shares of the company’s stock, valued at approximately $342,215.50. This trade represents a 169.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.52% of the company’s stock.

Beazer Homes USA Stock Performance

BZH opened at $23.36 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87. The firm has a market cap of $707.88 million, a PE ratio of 5.94, a P/E/G ratio of 0.35 and a beta of 2.20. The business has a fifty day simple moving average of $20.36 and a 200-day simple moving average of $25.62. 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 quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.16. The business had revenue of $565.34 million during the quarter, compared to analyst estimates of $543.60 million. Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. Beazer Homes USA’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $1.26 EPS. As a group, equities analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal 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.