Optimize Financial Inc Invests $471,000 in Beazer Homes USA, Inc. (NYSE:BZH)

Optimize Financial Inc bought a new stake in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 17,154 shares of the construction company's stock, valued at approximately $471,000. Optimize Financial Inc owned 0.05% of Beazer Homes USA at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BZH. Sterling Capital Management LLC lifted its holdings in Beazer Homes USA by 776.2% in the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company's stock valued at $25,000 after buying an additional 815 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Beazer Homes USA in the 4th quarter valued at $1,216,000. Renaissance Technologies LLC acquired a new position in shares of Beazer Homes USA in the 4th quarter valued at $2,618,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Beazer Homes USA during the fourth quarter worth $300,000. Finally, Wells Fargo & Company MN grew its stake in shares of Beazer Homes USA by 13.8% during the fourth quarter. Wells Fargo & Company MN now owns 27,492 shares of the construction company's stock worth $755,000 after purchasing an additional 3,334 shares during the period. Institutional investors own 85.65% of the company's stock.

Beazer Homes USA Trading Down 0.3 %

BZH traded down $0.06 during mid-day trading on Tuesday, hitting $18.40. The stock had a trading volume of 281,671 shares, compared to its average volume of 394,498. The stock's fifty day simple moving average is $21.70 and its 200-day simple moving average is $27.34. The firm has a market capitalization of $573.98 million, a price-to-earnings ratio of 4.68, a price-to-earnings-growth ratio of 0.35 and a beta of 2.05. Beazer Homes USA, Inc. has a 1-year low of $17.37 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.

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Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The construction company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.21). Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. As a group, research analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wedbush restated an "outperform" rating and set a $45.00 target price on shares of Beazer Homes USA in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $39.67.

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.