Abacus Wealth Partners LLC Takes Position in Beazer Homes USA, Inc. $BZH

Abacus Wealth Partners LLC bought a new stake in Beazer Homes USA, Inc. (NYSE:BZH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,429 shares of the construction company’s stock, valued at approximately $1,022,000.

A number of other large investors also recently modified their holdings of BZH. State of Alaska Department of Revenue bought a new position in shares of Beazer Homes USA in the third quarter valued at approximately $37,000. Osaic Holdings Inc. lifted its holdings in shares of Beazer Homes USA by 454.9% in the second quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock valued at $47,000 after purchasing an additional 1,724 shares in the last quarter. Comerica Bank bought a new position in shares of Beazer Homes USA in the third quarter valued at approximately $48,000. Aquatic Capital Management LLC bought a new position in shares of Beazer Homes USA in the third quarter valued at approximately $70,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Beazer Homes USA by 123.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock valued at $78,000 after acquiring an additional 1,933 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Stock Performance

Shares of BZH opened at $22.21 on Friday. The company has a current ratio of 15.67, a quick ratio of 1.32 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $606.86 million, a price-to-earnings ratio of -148.03 and a beta of 2.15. The stock has a 50 day moving average of $21.08 and a 200 day moving average of $22.33. Beazer Homes USA, Inc. has a 12 month low of $17.83 and a 12 month high of $28.33.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.69. Beazer Homes USA had a positive return on equity of 0.99% and a negative net margin of 0.18%.The company had revenue of $409.85 million during the quarter, compared to the consensus estimate of $448.79 million. During the same period last year, the business posted $0.42 earnings per share. Beazer Homes USA’s revenue was down 27.5% on a year-over-year basis. As a group, sell-side analysts forecast that Beazer Homes USA, Inc. will post -0.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wall Street Zen downgraded Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Weiss Ratings downgraded Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Beazer Homes USA currently has a consensus rating of “Hold” and an average target price of $31.33.

Beazer Homes USA 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.