Raymond James & Associates Takes $270,000 Position in Beazer Homes USA, Inc. (NYSE:BZH)

Raymond James & Associates purchased a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,977 shares of the construction company’s stock, valued at approximately $270,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings 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. Assenagon Asset Management S.A. grew its stake in shares of Beazer Homes USA by 34.6% during the third quarter. Assenagon Asset Management S.A. now owns 743,501 shares of the construction company’s stock valued at $18,521,000 after acquiring an additional 190,985 shares in the last quarter. Invesco Ltd. grew its stake in shares of Beazer Homes USA by 152.0% during the third quarter. Invesco Ltd. now owns 485,318 shares of the construction company’s stock valued at $12,089,000 after acquiring an additional 292,706 shares in the last quarter. American Century Companies Inc. increased its position in shares of Beazer Homes USA by 60.5% during the third quarter. American Century Companies Inc. now owns 434,648 shares of the construction company’s stock worth $10,827,000 after acquiring an additional 163,760 shares during the last quarter. Finally, Quantedge Capital Pte Ltd lifted its stake in shares of Beazer Homes USA by 792.0% in the third quarter. Quantedge Capital Pte Ltd now owns 256,900 shares of the construction company’s stock worth $6,399,000 after acquiring an additional 228,100 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

BZH has been the topic of several analyst reports. Wedbush lifted their price objective on Beazer Homes USA from $32.00 to $33.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. StockNews.com raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Friday, March 29th.

Beazer Homes USA Stock Performance

Shares of BZH stock opened at $28.40 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.32 and a current ratio of 13.95. The stock has a market capitalization of $896.02 million, a price-to-earnings ratio of 5.62 and a beta of 2.24. Beazer Homes USA, Inc. has a one year low of $18.50 and a one year high of $35.93. The company’s 50-day simple moving average is $29.88 and its 200-day simple moving average is $29.47.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Thursday, February 1st. The construction company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). The business had revenue of $386.80 million for the quarter, compared to the consensus estimate of $420.71 million. Beazer Homes USA had a net margin of 7.26% and a return on equity of 14.09%. Beazer Homes USA’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 EPS. Equities analysts anticipate that Beazer Homes USA, Inc. will post 4.66 earnings per share for the current fiscal 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.