Empowered Funds LLC Boosts Stock Position in Beazer Homes USA, Inc. (NYSE:BZH)

Empowered Funds LLC increased its position in Beazer Homes USA, Inc. (NYSE:BZH) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,465 shares of the construction company’s stock after acquiring an additional 8,248 shares during the quarter. Empowered Funds LLC owned about 0.55% of Beazer Homes USA worth $4,681,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in shares of Beazer Homes USA by 711.4% in the third quarter. Victory Capital Management Inc. now owns 225,453 shares of the construction company’s stock worth $7,704,000 after purchasing an additional 197,666 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Beazer Homes USA during the 3rd quarter valued at $1,370,000. Creative Planning purchased a new stake in Beazer Homes USA in the 3rd quarter worth $286,000. Ritholtz Wealth Management raised its holdings in Beazer Homes USA by 26.4% during the fourth quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company’s stock valued at $689,000 after acquiring an additional 5,235 shares during the period. Finally, Verition Fund Management LLC purchased a new position in shares of Beazer Homes USA in the third quarter valued at about $910,000. Institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

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

Beazer Homes USA Stock Performance

Shares of NYSE BZH opened at $23.83 on Wednesday. The company has a market cap of $743.43 million, a P/E ratio of 6.06, a P/E/G ratio of 0.32 and a beta of 2.22. Beazer Homes USA, Inc. has a 52-week low of $20.66 and a 52-week 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 firm’s fifty day moving average is $27.78 and its two-hundred day moving average is $30.48.

Beazer Homes USA (NYSE:BZH) last issued its earnings results 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%. As a group, analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

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.