Empowered Funds LLC increased its stake in Beazer Homes USA, Inc. (NYSE:BZH – Free Report) by 8.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,063 shares of the construction company’s stock after acquiring an additional 10,817 shares during the quarter. Empowered Funds LLC owned 0.45% of Beazer Homes USA worth $4,692,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Donald Smith & CO. Inc. increased its stake in Beazer Homes USA by 58.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock valued at $87,403,000 after purchasing an additional 958,814 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Beazer Homes USA during the 4th quarter valued at $24,971,000. Vanguard Group Inc. increased its stake in Beazer Homes USA by 31.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,194,979 shares of the construction company’s stock valued at $54,677,000 after purchasing an additional 521,596 shares in the last quarter. Brightline Capital Management LLC bought a new stake in Beazer Homes USA during the 4th quarter valued at $10,137,000. Finally, American Century Companies Inc. increased its stake in Beazer Homes USA by 60.5% during the 3rd quarter. American Century Companies Inc. now owns 434,648 shares of the construction company’s stock valued at $10,827,000 after purchasing an additional 163,760 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.
Insider Buying and Selling at Beazer Homes USA
In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 15,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $28.31, for a total transaction of $424,650.00. Following the sale, the executive vice president now directly owns 195,819 shares of the company’s stock, valued at $5,543,635.89. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 6.99% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have commented on BZH shares. Oppenheimer assumed coverage on shares of Beazer Homes USA in a research note on Friday, May 31st. They set an “outperform” rating and a $37.00 price target for the company. StockNews.com raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Tuesday, June 4th. Finally, Wedbush reissued a “neutral” rating and issued a $33.00 price target on shares of Beazer Homes USA in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.00.
Check Out Our Latest Research Report on BZH
Beazer Homes USA Price Performance
Shares of NYSE:BZH opened at $30.76 on Friday. The company has a market capitalization of $970.48 million, a P/E ratio of 5.94, a price-to-earnings-growth ratio of 1.33 and a beta of 2.16. Beazer Homes USA, Inc. has a fifty-two week low of $22.03 and a fifty-two week high of $35.93. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 13.50. The company’s 50-day moving average is $28.00 and its 200 day moving average is $29.58.
Beazer Homes USA (NYSE:BZH – Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The construction company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.91 by $0.35. The business had revenue of $541.50 million for the quarter, compared to the consensus estimate of $569.88 million. Beazer Homes USA had a net margin of 7.48% and a return on equity of 13.97%. The company’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 earnings per share. On average, equities research analysts forecast that Beazer Homes USA, Inc. will post 4.64 earnings per share for the current year.
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.
See Also
Receive News & Ratings for Beazer Homes USA Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Beazer Homes USA and related companies with MarketBeat.com’s FREE daily email newsletter.
