Governors Lane LP Takes $6.10 Million Position in Beazer Homes USA, Inc. $BZH

Governors Lane LP bought a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 217,362 shares of the construction company’s stock, valued at approximately $6,097,000. Governors Lane LP owned about 0.81% of Beazer Homes USA at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in shares of Beazer Homes USA by 1.4% during the second quarter. Rhumbline Advisers now owns 46,206 shares of the construction company’s stock worth $1,034,000 after buying an additional 642 shares during the last quarter. State of Wyoming raised its stake in Beazer Homes USA by 18.5% during the 4th quarter. State of Wyoming now owns 4,523 shares of the construction company’s stock valued at $92,000 after acquiring an additional 706 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Beazer Homes USA by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock valued at $353,000 after purchasing an additional 734 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Beazer Homes USA by 1.4% in the second quarter. HB Wealth Management LLC now owns 59,448 shares of the construction company’s stock valued at $1,668,000 after purchasing an additional 833 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Beazer Homes USA by 93.9% during the fourth quarter. Royal Bank of Canada now owns 1,883 shares of the construction company’s stock worth $38,000 after purchasing an additional 912 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Stock Performance

BZH opened at $33.26 on Wednesday. The stock’s 50 day simple moving average is $32.43 and its 200 day simple moving average is $26.52. The stock has a market cap of $887.24 million, a P/E ratio of -110.85 and a beta of 2.17. Beazer Homes USA, Inc. has a 1-year low of $17.83 and a 1-year high of $34.54. The company has a debt-to-equity ratio of 1.23, a current ratio of 14.64 and a quick ratio of 1.28.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Friday, August 7th. The construction company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.18. Beazer Homes USA had a positive return on equity of 0.18% and a negative net margin of 0.37%.The company had revenue of $516.31 million for the quarter, compared to analyst estimates of $510.55 million. During the same quarter in the prior year, the company earned $0.26 earnings per share. Beazer Homes USA’s revenue was down 5.3% compared to the same quarter last year. As a group, equities analysts anticipate that Beazer Homes USA, Inc. will post -0.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BZH has been the topic of a number of analyst reports. Oppenheimer lowered shares of Beazer Homes USA from an “outperform” rating to a “market perform” rating in a research report on Friday, August 7th. Zacks Research upgraded shares of Beazer Homes USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded shares of Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. Finally, Texas Capital cut Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.