Versor Investments LP Takes Position in Beazer Homes USA, Inc. (NYSE:BZH)

Posted by Defense World Staff on Aug 8th, 2023

Versor Investments LP acquired a new stake in Beazer Homes USA, Inc. (NYSE:BZH – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 21,200 shares of the construction company’s stock, valued at approximately $337,000. Versor Investments LP owned 0.07% of Beazer Homes USA as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Beazer Homes USA by 107.3% in the 1st quarter. JPMorgan Chase & Co. now owns 264,624 shares of the construction company’s stock worth $4,027,000 after purchasing an additional 136,954 shares during the period. Bank of New York Mellon Corp raised its holdings in Beazer Homes USA by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 167,312 shares of the construction company’s stock worth $2,547,000 after purchasing an additional 3,073 shares during the period. MetLife Investment Management LLC raised its holdings in Beazer Homes USA by 54.6% in the 1st quarter. MetLife Investment Management LLC now owns 16,908 shares of the construction company’s stock worth $257,000 after purchasing an additional 5,973 shares during the period. Cibc World Market Inc. acquired a new position in Beazer Homes USA in the 1st quarter worth about $196,000. Finally, Dimensional Fund Advisors LP raised its holdings in Beazer Homes USA by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,013,201 shares of the construction company’s stock worth $15,422,000 after purchasing an additional 5,052 shares during the period. Institutional investors and hedge funds own 77.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BZH. Sidoti cut Beazer Homes USA from a “buy” rating to a “neutral” rating and upped their price target for the stock from $23.00 to $31.00 in a report on Wednesday, July 12th. B. Riley increased their target price on Beazer Homes USA from $28.00 to $38.00 in a report on Friday, July 28th. StockNews.com initiated coverage on Beazer Homes USA in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Zelman & Associates upgraded Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Wedbush upgraded Beazer Homes USA from a “neutral” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $33.33.

Check Out Our Latest Research Report on BZH

Beazer Homes USA Stock Performance

NYSE BZH opened at $33.31 on Tuesday. Beazer Homes USA, Inc. has a 1-year low of $9.47 and a 1-year high of $35.93. The company has a market cap of $1.04 billion, a PE ratio of 5.40 and a beta of 2.30. The company has a debt-to-equity ratio of 0.94, a current ratio of 15.28 and a quick ratio of 2.55. The stock’s 50 day simple moving average is $26.27 and its 200-day simple moving average is $20.03.

Beazer Homes USA (NYSE:BZH – Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.54. Beazer Homes USA had a return on equity of 18.66% and a net margin of 7.94%. The firm had revenue of $572.54 million for the quarter, compared to the consensus estimate of $512.26 million. During the same quarter last year, the business posted $1.76 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Beazer Homes USA, Inc. will post 4.54 EPS for the current fiscal year.

About Beazer Homes USA

(Free Report)

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 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.