Jamison Private Wealth Management Inc. Boosts Stock Holdings in Beazer Homes USA, Inc. $BZH

Jamison Private Wealth Management Inc. lifted its position in Beazer Homes USA, Inc. (NYSE:BZH) by 31.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,498 shares of the construction company’s stock after purchasing an additional 25,044 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Beazer Homes USA were worth $2,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC grew its position in Beazer Homes USA by 0.8% during the fourth quarter. First Eagle Investment Management LLC now owns 701,437 shares of the construction company’s stock valued at $14,218,000 after buying an additional 5,500 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Beazer Homes USA by 22.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 678,471 shares of the construction company’s stock worth $13,753,000 after acquiring an additional 122,606 shares during the period. UBS Group AG raised its position in shares of Beazer Homes USA by 189.7% in the fourth quarter. UBS Group AG now owns 537,663 shares of the construction company’s stock worth $10,898,000 after acquiring an additional 352,092 shares during the period. Winslow Asset Management Inc. raised its position in shares of Beazer Homes USA by 1.0% in the fourth quarter. Winslow Asset Management Inc. now owns 493,583 shares of the construction company’s stock worth $10,005,000 after acquiring an additional 4,678 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Beazer Homes USA by 928.5% during the 3rd quarter. Millennium Management LLC now owns 376,183 shares of the construction company’s stock worth $9,235,000 after acquiring an additional 339,607 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on BZH. Wall Street Zen cut Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Beazer Homes USA in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.50.

Beazer Homes USA Stock Up 2.1%

NYSE BZH opened at $28.11 on Friday. The business’s fifty day simple moving average is $24.74 and its 200-day simple moving average is $23.29. The company has a quick ratio of 1.32, a current ratio of 15.67 and a debt-to-equity ratio of 1.05. The firm has a market cap of $768.19 million, a PE ratio of -187.39 and a beta of 2.18. 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 announced its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 posted $0.42 earnings per share. Beazer Homes USA’s quarterly revenue was down 27.5% on a year-over-year basis. As a group, equities analysts anticipate that Beazer Homes USA, Inc. will post -0.41 earnings per share 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.