Beazer Homes USA Inc. (BZH) Announces Earnings Results
Beazer Homes USA Inc. (NYSE:BZH) posted its earnings results on Tuesday. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.70. Beazer Homes USA had a net margin of 19.85% and a return on equity of 6.98%. The company earned $632.10 million during the quarter, compared to analyst estimates of $637.02 million. During the same period in the previous year, the company earned $0.97 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year.
Shares of Beazer Homes USA (NYSE:BZH) opened at 11.67 on Wednesday. The stock has a market capitalization of $371.26 million, a price-to-earnings ratio of 1.15 and a beta of 2.88. Beazer Homes USA has a 1-year low of $6.07 and a 1-year high of $14.81. The company’s 50 day moving average is $10.98 and its 200-day moving average is $9.51.
Separately, FBN Securities lowered shares of Beazer Homes USA from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $13.50 to $11.50 in a research note on Monday, October 10th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $14.05.
In other news, Director Stephen P. Zelnak, Jr. acquired 13,649 shares of Beazer Homes USA stock in a transaction dated Friday, August 26th. The shares were acquired at an average cost of $10.50 per share, with a total value of $143,314.50. Following the purchase, the director now directly owns 278,087 shares of the company’s stock, valued at approximately $2,919,913.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen P. Zelnak, Jr. acquired 22,518 shares of Beazer Homes USA stock in a transaction dated Monday, August 22nd. The stock was purchased at an average cost of $10.08 per share, for a total transaction of $226,981.44. Following the completion of the purchase, the director now directly owns 264,438 shares in the company, valued at $2,665,535.04. The disclosure for this purchase can be found here. 5.90% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in BZH. Neuberger Berman Group LLC purchased a new position in Beazer Homes USA during the second quarter valued at $126,000. Emerald Acquisition Ltd. purchased a new position in Beazer Homes USA during the second quarter valued at $4,937,000. Oxford Asset Management purchased a new position in Beazer Homes USA during the second quarter valued at $177,000. Nisa Investment Advisors LLC raised its position in Beazer Homes USA by 245.0% in the second quarter. Nisa Investment Advisors LLC now owns 79,000 shares of the company’s stock valued at $612,000 after buying an additional 56,100 shares in the last quarter. Finally, Princeton Alpha Management LP raised its position in Beazer Homes USA by 78.6% in the second quarter. Princeton Alpha Management LP now owns 20,991 shares of the company’s stock valued at $163,000 after buying an additional 9,241 shares in the last quarter. 91.34% of the stock is currently owned by institutional investors and hedge funds.
About Beazer Homes USA
Beazer Homes USA, Inc is a diversified homebuilder with operations in 16 states within three geographic regions in the United States: West, East and Southeast. The Company’s homes are designed to appeal to homeowners at various price points across various demographic segments and are generally offered for sale in advance of their construction.
Receive News & Stock Ratings for Beazer Homes USA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazer Homes USA Inc. and related stocks with our FREE daily email newsletter.