76,705 Shares in Beazer Homes USA, Inc. (NYSE:BZH) Purchased by Brandywine Global Investment Management LLC
Brandywine Global Investment Management LLC acquired a new stake in shares of Beazer Homes USA, Inc. (NYSE:BZH – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 76,705 shares of the construction company’s stock, valued at approximately $1,218,000. Brandywine Global Investment Management LLC owned approximately 0.24% of Beazer Homes USA as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC raised its stake in shares of Beazer Homes USA by 140.0% in the fourth quarter. AQR Capital Management LLC now owns 519,290 shares of the construction company’s stock worth $6,626,000 after purchasing an additional 302,939 shares during the last quarter. Norges Bank bought a new position in Beazer Homes USA during the 4th quarter valued at about $3,401,000. Assenagon Asset Management S.A. boosted its holdings in shares of Beazer Homes USA by 85.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 496,844 shares of the construction company’s stock valued at $7,890,000 after acquiring an additional 229,600 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Beazer Homes USA by 67.4% during the second quarter. Millennium Management LLC now owns 514,750 shares of the construction company’s stock valued at $6,213,000 after purchasing an additional 207,167 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Beazer Homes USA by 269.3% during the fourth quarter. Renaissance Technologies LLC now owns 263,428 shares of the construction company’s stock valued at $3,361,000 after purchasing an additional 192,100 shares during the last quarter. 79.07% of the stock is currently owned by institutional investors.
Beazer Homes USA Stock Performance
NYSE:BZH opened at $28.45 on Friday. The stock has a 50-day simple moving average of $29.78 and a two-hundred day simple moving average of $22.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.55 and a current ratio of 15.28. Beazer Homes USA, Inc. has a 52-week low of $9.47 and a 52-week high of $35.93. The firm has a market capitalization of $891.62 million, a PE ratio of 4.61 and a beta of 2.32.
Beazer Homes USA (NYSE:BZH – Get Free Report) last released its earnings results on Thursday, July 27th. The construction company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.54. The company had revenue of $572.54 million for the quarter, compared to analysts’ expectations of $512.26 million. Beazer Homes USA had a net margin of 7.94% and a return on equity of 18.66%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.76 EPS. Analysts forecast that Beazer Homes USA, Inc. will post 4.54 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Sidoti raised shares of Beazer Homes USA from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Wednesday, August 23rd. Wedbush cut Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $32.00 price objective for the company. in a research report on Friday, August 18th. They noted that the move was a valuation call. Zelman & Associates raised Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. StockNews.com initiated coverage on shares of Beazer Homes USA in a research report on Thursday, August 17th. They set a “hold” rating for the company. Finally, B. Riley raised their price objective on shares of Beazer Homes USA from $28.00 to $38.00 in a report on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.33.
Read Our Latest Stock Analysis on Beazer Homes USA
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 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.
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