Beazer Homes USA, Inc. $BZH Shares Acquired by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. lifted its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 31.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 104,498 shares of the construction company’s stock after acquiring an additional 25,044 shares during the period. Jamison Private Wealth Management Inc. owned approximately 0.35% of Beazer Homes USA worth $2,011,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BZH. Jennison Associates LLC acquired a new position in Beazer Homes USA during the 4th quarter valued at approximately $1,039,000. JPMorgan Chase & Co. lifted its stake in shares of Beazer Homes USA by 1,385.2% during the third quarter. JPMorgan Chase & Co. now owns 229,705 shares of the construction company’s stock worth $5,639,000 after buying an additional 214,239 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Beazer Homes USA during the third quarter worth $1,204,000. UBS Group AG grew its holdings in shares of Beazer Homes USA by 189.7% during the fourth quarter. UBS Group AG now owns 537,663 shares of the construction company’s stock valued at $10,898,000 after buying an additional 352,092 shares during the last quarter. Finally, Abacus Wealth Partners LLC purchased a new stake in shares of Beazer Homes USA during the fourth quarter valued at $1,022,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Price Performance

Shares of BZH opened at $28.11 on Friday. The business’s 50-day moving average is $24.74 and its two-hundred day moving average is $23.29. The company has a market capitalization of $768.19 million, a P/E ratio of -187.39 and a beta of 2.18. Beazer Homes USA, Inc. has a fifty-two week low of $17.83 and a fifty-two week high of $29.80. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.32 and a current ratio of 15.67.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $409.85 million during the quarter, compared to analysts’ expectations of $448.79 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The company’s revenue for the quarter was down 27.5% on a year-over-year basis. Research analysts predict that Beazer Homes USA, Inc. will post -0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BZH has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Beazer Homes USA in a research note on Friday, June 26th. Wall Street Zen downgraded Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $35.50.

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.