Focus Financial Network Inc. Acquires New Position in Beazer Homes USA, Inc. (NYSE:BZH)

Focus Financial Network Inc. bought a new position in Beazer Homes USA, Inc. (NYSE:BZH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the construction company’s stock, valued at approximately $275,000.

Other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in Beazer Homes USA during the second quarter valued at $379,000. SG Americas Securities LLC lifted its holdings in shares of Beazer Homes USA by 25.1% during the 3rd 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 last quarter. Creative Planning bought a new stake in shares of Beazer Homes USA in the 3rd quarter valued at approximately $286,000. Koss Olinger Consulting LLC increased its holdings in Beazer Homes USA by 1.8% in the third quarter. Koss Olinger Consulting LLC now owns 16,548 shares of the construction company’s stock worth $565,000 after buying an additional 297 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Beazer Homes USA by 52.6% during the third quarter. Assenagon Asset Management S.A. now owns 545,983 shares of the construction company’s stock valued at $18,656,000 after acquiring an additional 188,084 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Stock Up 2.1 %

BZH opened at $25.10 on Friday. Beazer Homes USA, Inc. has a twelve month low of $20.66 and a twelve month high of $38.22. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52. The business has a 50 day moving average price of $27.20 and a 200 day moving average price of $30.32. The firm has a market cap of $783.06 million, a P/E ratio of 6.39, a price-to-earnings-growth ratio of 0.32 and a beta of 2.22.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.21). Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. Research analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued an “outperform” rating and issued a $45.00 target price on shares of Beazer Homes USA in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Beazer Homes USA currently has a consensus rating of “Hold” and an average target price of $39.67.

About Beazer Homes USA

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.