Quadrature Capital Ltd Makes New Investment in Beazer Homes USA, Inc. (NYSE:BZH)

Quadrature Capital Ltd bought a new stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,674 shares of the construction company’s stock, valued at approximately $262,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in Beazer Homes USA during the second quarter valued at $88,000. Point72 Asset Management L.P. purchased a new stake in shares of Beazer Homes USA during the 3rd quarter valued at about $125,000. Metis Global Partners LLC bought a new position in shares of Beazer Homes USA in the 3rd quarter worth approximately $201,000. Creative Planning bought a new stake in Beazer Homes USA during the third quarter valued at approximately $286,000. Finally, SG Americas Securities LLC grew its position in Beazer Homes USA by 25.1% during the third quarter. SG Americas Securities LLC now owns 10,032 shares of the construction company’s stock valued at $343,000 after buying an additional 2,014 shares during the period. 85.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BZH. Zelman & Associates reiterated an “underperform” rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $41.00 to $45.00 in a report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $39.67.

Beazer Homes USA Stock Performance

Shares of NYSE BZH opened at $32.18 on Wednesday. The stock has a market cap of $999.19 million, a PE ratio of 7.10, a price-to-earnings-growth ratio of 0.36 and a beta of 2.19. Beazer Homes USA, Inc. has a 1 year low of $25.48 and a 1 year high of $38.22. The firm has a fifty day moving average price of $32.81 and a 200-day moving average price of $30.96. The company has a debt-to-equity ratio of 0.83, a current ratio of 14.29 and a quick ratio of 1.87.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Wednesday, November 13th. The construction company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.34. The business had revenue of $806.20 million for the quarter, compared to analysts’ expectations of $775.42 million. Beazer Homes USA had a return on equity of 11.95% and a net margin of 6.02%. The business’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the firm earned $1.80 earnings per share. Equities analysts anticipate that Beazer Homes USA, Inc. will post 4.44 earnings per share for the current fiscal year.

Insider Activity at Beazer Homes USA

In related news, CFO David I. Goldberg sold 6,057 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total transaction of $194,187.42. Following the completion of the transaction, the chief financial officer now directly owns 131,004 shares of the company’s stock, valued at approximately $4,199,988.24. This trade represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.99% of the stock is owned by corporate insiders.

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.