Innealta Capital LLC Takes Position in Beazer Homes USA, Inc. (NYSE:BZH)

Innealta Capital LLC bought a new stake in Beazer Homes USA, Inc. (NYSE:BZH) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,198 shares of the construction company’s stock, valued at approximately $88,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BZH. Boston Partners purchased a new position in shares of Beazer Homes USA in the first quarter valued at $15,411,000. Donald Smith & CO. Inc. grew its holdings in shares of Beazer Homes USA by 13.8% in the first quarter. Donald Smith & CO. Inc. now owns 2,943,211 shares of the construction company’s stock valued at $96,537,000 after purchasing an additional 356,569 shares in the last quarter. Brightline Capital Management LLC purchased a new position in shares of Beazer Homes USA in the fourth quarter valued at $10,137,000. EMG Holdings L.P. purchased a new position in shares of Beazer Homes USA in the fourth quarter valued at $4,831,000. Finally, Carlson Capital L P grew its holdings in shares of Beazer Homes USA by 63.9% in the first quarter. Carlson Capital L P now owns 333,600 shares of the construction company’s stock valued at $10,942,000 after purchasing an additional 130,100 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Keith L. Belknap, Jr. sold 13,462 shares of Beazer Homes USA stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $30.73, for a total value of $413,687.26. Following the completion of the sale, the executive vice president now directly owns 164,119 shares in the company, valued at $5,043,376.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Keith L. Belknap, Jr. sold 13,462 shares of Beazer Homes USA stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $30.73, for a total value of $413,687.26. Following the completion of the sale, the executive vice president now directly owns 164,119 shares in the company, valued at $5,043,376.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Keith L. Belknap, Jr. sold 13,300 shares of Beazer Homes USA stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $31.17, for a total value of $414,561.00. Following the completion of the sale, the executive vice president now owns 150,819 shares of the company’s stock, valued at $4,701,028.23. The disclosure for this sale can be found here. Insiders own 6.99% of the company’s stock.

Beazer Homes USA Trading Up 0.8 %

Shares of BZH traded up $0.24 during trading hours on Friday, reaching $31.28. 253,946 shares of the company traded hands, compared to its average volume of 372,090. The firm has a market cap of $986.79 million, a price-to-earnings ratio of 6.05, a PEG ratio of 1.41 and a beta of 2.16. Beazer Homes USA, Inc. has a 12-month low of $22.03 and a 12-month high of $34.89. The company has a current ratio of 13.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. The stock’s fifty day moving average price is $29.61 and its 200 day moving average price is $29.36.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Thursday, August 1st. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $595.68 million during the quarter, compared to analyst estimates of $597.67 million. Beazer Homes USA had a net margin of 6.63% and a return on equity of 12.75%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 earnings per share. Sell-side analysts forecast that Beazer Homes USA, Inc. will post 4.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BZH shares. Oppenheimer started coverage on shares of Beazer Homes USA in a report on Friday, May 31st. They issued an “outperform” rating and a $37.00 target price for the company. StockNews.com lowered shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. B. Riley dropped their price objective on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Zelman & Associates lowered shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Wedbush lifted their price objective on shares of Beazer Homes USA from $33.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.33.

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.