Empowered Funds LLC Raises Stock Position in Beazer Homes USA, Inc. (NYSE:BZH)

Empowered Funds LLC lifted its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 170,465 shares of the construction company’s stock after buying an additional 8,248 shares during the period. Empowered Funds LLC’s holdings in Beazer Homes USA were worth $4,681,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BZH. Point72 Asset Management L.P. bought a new stake in Beazer Homes USA during the third quarter worth approximately $125,000. Systematic Financial Management LP purchased a new position in shares of Beazer Homes USA in the 3rd quarter worth approximately $182,000. Metis Global Partners LLC purchased a new position in shares of Beazer Homes USA in the 3rd quarter worth approximately $201,000. Quadrature Capital Ltd bought a new position in shares of Beazer Homes USA during the 3rd quarter valued at approximately $262,000. Finally, Creative Planning purchased a new stake in Beazer Homes USA during the 3rd quarter valued at $286,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wedbush reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Beazer Homes USA in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.67.

Beazer Homes USA Stock Up 5.4 %

Shares of NYSE:BZH opened at $23.83 on Wednesday. The firm has a market capitalization of $743.43 million, a PE ratio of 6.06, a price-to-earnings-growth ratio of 0.32 and a beta of 2.22. The business has a 50 day simple moving average of $27.78 and a two-hundred day simple moving average of $30.48. Beazer Homes USA, Inc. has a 1 year low of $20.66 and a 1 year high of $38.22. The company has a debt-to-equity ratio of 0.87, a current ratio of 15.52 and a quick ratio of 1.25.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. On average, equities analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Beazer Homes USA Company 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.