Wealthcare Advisory Partners LLC Acquires 5,412 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Wealthcare Advisory Partners LLC lifted its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 17.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,015 shares of the construction company’s stock after purchasing an additional 5,412 shares during the period. Wealthcare Advisory Partners LLC owned 0.12% of Beazer Homes USA worth $989,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BZH. Hsbc Holdings PLC grew its holdings in Beazer Homes USA by 12.4% during the 2nd quarter. Hsbc Holdings PLC now owns 66,587 shares of the construction company’s stock worth $1,825,000 after acquiring an additional 7,338 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Beazer Homes USA by 91.9% during the second quarter. Marshall Wace LLP now owns 57,769 shares of the construction company’s stock worth $1,587,000 after purchasing an additional 27,666 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Beazer Homes USA by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 15,184 shares of the construction company’s stock valued at $417,000 after purchasing an additional 581 shares during the last quarter. Algert Global LLC increased its holdings in shares of Beazer Homes USA by 30.8% in the second quarter. Algert Global LLC now owns 64,726 shares of the construction company’s stock valued at $1,779,000 after purchasing an additional 15,256 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Beazer Homes USA in the 2nd quarter worth approximately $379,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Beazer Homes USA Price Performance

BZH opened at $28.22 on Monday. The company has a fifty day moving average price of $30.51 and a two-hundred day moving average price of $31.03. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.87 and a current ratio of 14.29. The firm has a market capitalization of $880.67 million, a PE ratio of 6.23, a P/E/G ratio of 0.29 and a beta of 2.24. Beazer Homes USA, Inc. has a 52 week low of $25.39 and a 52 week high of $38.22.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Wednesday, November 13th. The construction company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.34. The firm had revenue of $806.20 million for the quarter, compared to analyst estimates of $775.42 million. Beazer Homes USA had a return on equity of 11.95% and a net margin of 6.02%. The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.80 earnings per share. As a group, analysts anticipate that Beazer Homes USA, Inc. will post 4.44 earnings per share for the current year.

Insider Buying and Selling

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the sale, the chief financial officer now directly owns 131,004 shares in the company, valued at approximately $4,199,988.24. This trade represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.52% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Wedbush reissued an “outperform” rating and issued a $45.00 target price on shares of Beazer Homes USA in a research note on Monday, December 23rd. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.67.

Beazer Homes USA 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.