PharVision Advisers LLC Takes $292,000 Position in Beazer Homes USA, Inc. (NYSE:BZH)

PharVision Advisers LLC purchased a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,625 shares of the construction company’s stock, valued at approximately $292,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BZH. Sterling Capital Management LLC boosted its stake in Beazer Homes USA by 776.2% during the 4th quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock valued at $25,000 after acquiring an additional 815 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Beazer Homes USA in the 4th quarter valued at about $34,000. Quarry LP bought a new position in shares of Beazer Homes USA during the fourth quarter worth about $69,000. KLP Kapitalforvaltning AS bought a new position in shares of Beazer Homes USA during the fourth quarter worth about $148,000. Finally, Tower Research Capital LLC TRC grew its stake in Beazer Homes USA by 61.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,018 shares of the construction company’s stock worth $165,000 after purchasing an additional 2,290 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling

In related news, Director John J. Kelley III bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $21.50 per share, for a total transaction of $215,000.00. Following the transaction, the director now directly owns 15,917 shares of the company’s stock, valued at approximately $342,215.50. This represents a 169.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.52% of the company’s stock.

Wall Street Analyst Weigh In

BZH has been the topic of several research reports. Wedbush restated an “outperform” rating and set a $41.00 price objective (down previously from $45.00) on shares of Beazer Homes USA in a research note on Friday, May 2nd. Oppenheimer reissued an “outperform” rating and set a $33.00 price target (down from $37.00) on shares of Beazer Homes USA in a research report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, Beazer Homes USA presently has an average rating of “Hold” and a consensus target price of $37.00.

Beazer Homes USA Price Performance

Shares of NYSE:BZH opened at $20.70 on Thursday. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87. The firm has a 50-day simple moving average of $20.35 and a 200 day simple moving average of $25.28. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22. The company has a market cap of $627.15 million, a PE ratio of 5.27, a P/E/G ratio of 0.35 and a beta of 2.20.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.16. The company had revenue of $565.34 million for the quarter, compared to analysts’ expectations of $543.60 million. Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $1.26 earnings per share. On average, sell-side analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

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.