Ghe LLC Raises Stock Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

Ghe LLC boosted its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,778 shares of the construction company’s stock after purchasing an additional 4,841 shares during the quarter. Beazer Homes USA makes up 0.8% of Ghe LLC’s portfolio, making the stock its 29th biggest holding. Ghe LLC’s holdings in Beazer Homes USA were worth $1,916,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake in Beazer Homes USA by 4.1% during the third quarter. Harbor Capital Advisors Inc. now owns 10,390 shares of the construction company’s stock worth $355,000 after acquiring an additional 408 shares during the last quarter. Winslow Asset Management Inc. grew its stake in shares of Beazer Homes USA by 0.4% in the third quarter. Winslow Asset Management Inc. now owns 491,330 shares of the construction company’s stock valued at $16,789,000 after buying an additional 1,717 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Beazer Homes USA by 16.5% in the third quarter. Sanctuary Advisors LLC now owns 15,536 shares of the construction company’s stock valued at $530,000 after buying an additional 2,197 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Beazer Homes USA in the third quarter valued at about $125,000. Finally, Ritholtz Wealth Management grew its stake in shares of Beazer Homes USA by 26.4% in the fourth quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company’s stock valued at $689,000 after buying an additional 5,235 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Beazer Homes USA Price Performance

BZH stock opened at $23.31 on Monday. The firm has a market cap of $727.19 million, a P/E ratio of 5.93, a price-to-earnings-growth ratio of 0.35 and a beta of 2.22. Beazer Homes USA, Inc. has a 1 year low of $20.66 and a 1 year high of $38.22. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52. The stock has a 50-day simple moving average of $26.29 and a 200-day simple moving average of $30.04.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Thursday, January 30th. The construction company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. On average, equities analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wedbush reiterated an “outperform” rating and issued a $45.00 target price on shares of Beazer Homes USA in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, Beazer Homes USA presently has an average rating of “Hold” and an average price target of $39.67.

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.