Beazer Homes USA, Inc. $BZH Stake Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 1,385.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 229,705 shares of the construction company’s stock after buying an additional 214,239 shares during the quarter. JPMorgan Chase & Co.’s holdings in Beazer Homes USA were worth $5,639,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new position in shares of Beazer Homes USA during the third quarter worth about $37,000. Osaic Holdings Inc. increased its holdings in shares of Beazer Homes USA by 454.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock worth $47,000 after acquiring an additional 1,724 shares during the period. Comerica Bank bought a new stake in Beazer Homes USA in the 3rd quarter valued at about $48,000. Aquatic Capital Management LLC bought a new stake in Beazer Homes USA in the 3rd quarter valued at about $70,000. Finally, Tower Research Capital LLC TRC boosted its stake in Beazer Homes USA by 123.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock valued at $78,000 after purchasing an additional 1,933 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Price Performance

Shares of BZH opened at $19.82 on Thursday. The firm has a market capitalization of $584.92 million, a price-to-earnings ratio of 66.07, a price-to-earnings-growth ratio of 1.59 and a beta of 2.21. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.81 and a current ratio of 19.62. Beazer Homes USA, Inc. has a one year low of $17.37 and a one year high of $28.33. The stock’s fifty day moving average is $23.28 and its 200-day moving average is $22.85.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Thursday, January 29th. The construction company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of ($0.49) by ($0.41). The company had revenue of $363.49 million during the quarter, compared to analyst estimates of $423.23 million. Beazer Homes USA had a return on equity of 2.11% and a net margin of 0.44%.The business’s revenue for the quarter was down 22.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 EPS. Equities analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on BZH. Weiss Ratings cut shares of Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, January 30th. Zacks Research raised Beazer Homes USA from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Finally, Wall Street Zen downgraded Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 31st. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company 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.