Caxton Associates LLP Takes Position in Beazer Homes USA, Inc. $BZH

Caxton Associates LLP acquired a new stake in Beazer Homes USA, Inc. (NYSE:BZH) during the 1st quarter, Holdings Channel.com reports. The firm acquired 31,546 shares of the construction company’s stock, valued at approximately $643,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Beazer Homes USA in the 4th quarter valued at $34,000. US Bancorp DE raised its holdings 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 buying an additional 819 shares during the period. CWM LLC raised its holdings 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 buying an additional 2,391 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Beazer Homes USA in the 1st quarter valued at $99,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Beazer Homes USA in the 4th quarter valued at $226,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BZH. B. Riley began coverage on Beazer Homes USA in a report on Monday, June 30th. They issued a “neutral” rating and a $23.00 price objective on the stock. Wedbush reiterated an “outperform” rating and issued a $41.00 price objective on shares of Beazer Homes USA in a report on Friday, August 1st. Finally, Oppenheimer restated an “outperform” rating and set a $30.00 price target (down previously from $33.00) on shares of Beazer Homes USA in a report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Beazer Homes USA currently has an average rating of “Hold” and a consensus target price of $31.33.

Beazer Homes USA Price Performance

Shares of NYSE BZH opened at $26.09 on Friday. The stock’s 50-day moving average is $24.49 and its two-hundred day moving average is $22.28. The company has a debt-to-equity ratio of 0.94, a current ratio of 13.33 and a quick ratio of 0.91. Beazer Homes USA, Inc. has a 1-year low of $17.37 and a 1-year high of $38.22. The company has a market cap of $775.52 million, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 0.81 and a beta of 2.12.

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). Beazer Homes USA had a return on equity of 6.16% and a net margin of 2.84%.The company had revenue of $545.37 million for the quarter, compared to analysts’ expectations of $565.47 million. During the same quarter last year, the company earned $0.88 EPS. Beazer Homes USA’s revenue for the quarter was down 8.4% compared to the same quarter last year. 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.