Peregrine Capital Management LLC Lowers Holdings in Beazer Homes USA, Inc. $BZH

Peregrine Capital Management LLC decreased its position in Beazer Homes USA, Inc. (NYSE:BZH) by 8.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,971 shares of the construction company’s stock after selling 19,975 shares during the period. Peregrine Capital Management LLC owned approximately 0.70% of Beazer Homes USA worth $3,982,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in Beazer Homes USA by 20.2% during the 1st quarter. SG Americas Securities LLC now owns 17,320 shares of the construction company’s stock valued at $333,000 after purchasing an additional 2,907 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Beazer Homes USA by 14.0% in the fourth quarter. Hsbc Holdings PLC now owns 22,153 shares of the construction company’s stock worth $449,000 after buying an additional 2,723 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Beazer Homes USA in the fourth quarter worth approximately $1,157,000. Polymer Capital Management US LLC purchased a new stake in shares of Beazer Homes USA during the fourth quarter valued at approximately $337,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Beazer Homes USA during the fourth quarter valued at approximately $264,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Beazer Homes USA Trading Up 2.1%

Shares of NYSE:BZH opened at $28.11 on Friday. The stock has a market capitalization of $768.19 million, a price-to-earnings ratio of -187.39 and a beta of 2.18. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.32 and a current ratio of 15.67. The stock’s 50-day simple moving average is $24.74 and its two-hundred day simple moving average is $23.29. Beazer Homes USA, Inc. has a 52-week low of $17.83 and a 52-week high of $29.80.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.69. Beazer Homes USA had a negative net margin of 0.18% and a positive return on equity of 0.99%. The firm had revenue of $409.85 million during the quarter, compared to analyst estimates of $448.79 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The business’s revenue for the quarter was down 27.5% compared to the same quarter last year. Analysts expect that Beazer Homes USA, Inc. will post -0.41 EPS for the current year.

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.