Fox Run Management L.L.C. Takes Position in Beazer Homes USA, Inc. $BZH

Fox Run Management L.L.C. bought a new position in Beazer Homes USA, Inc. (NYSE:BZH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 22,043 shares of the construction company’s stock, valued at approximately $541,000. Fox Run Management L.L.C. owned approximately 0.07% of Beazer Homes USA at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in Beazer Homes USA in the third quarter worth $37,000. Osaic Holdings Inc. raised its holdings in shares of Beazer Homes USA by 454.9% in the second quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock valued at $47,000 after buying an additional 1,724 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Beazer Homes USA by 123.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock worth $78,000 after buying an additional 1,933 shares in the last quarter. State of Wyoming bought a new stake in Beazer Homes USA during the 2nd quarter worth about $89,000. Finally, AlphaQuest LLC increased its position in Beazer Homes USA by 58.3% in the 2nd quarter. AlphaQuest LLC now owns 4,300 shares of the construction company’s stock valued at $96,000 after acquiring an additional 1,583 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BZH. Zacks Research upgraded shares of Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Weiss Ratings cut shares of Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, January 30th. Finally, Wall Street Zen lowered Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 31st. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.33.

Beazer Homes USA Stock Down 0.9%

Shares of NYSE:BZH opened at $25.62 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 19.62 and a quick ratio of 1.81. The stock has a market cap of $756.02 million, a price-to-earnings ratio of 85.40, a P/E/G ratio of 2.12 and a beta of 2.21. The company has a 50 day moving average of $23.67 and a 200-day moving average of $23.60. Beazer Homes USA, Inc. has a one year low of $17.37 and a one year high of $28.33.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Thursday, January 29th. The construction company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.41). Beazer Homes USA had a net margin of 0.44% and a return on equity of 2.11%. The business had revenue of $363.49 million during the quarter, compared to the consensus estimate of $423.23 million. During the same period in the previous year, the business posted $0.10 earnings per share. Beazer Homes USA’s revenue was down 22.5% compared to the same quarter last year. On average, sell-side analysts forecast that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

About Beazer Homes USA

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.