Beazer Homes USA, Inc. (NYSE:BZH) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP raised its position in Beazer Homes USA, Inc. (NYSE:BZH) by 70.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,801 shares of the construction company’s stock after purchasing an additional 14,834 shares during the quarter. Quantbot Technologies LP’s holdings in Beazer Homes USA were worth $1,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BZH. Donald Smith & CO. Inc. grew its holdings in Beazer Homes USA by 1.5% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,132,427 shares of the construction company’s stock worth $107,035,000 after buying an additional 45,553 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Beazer Homes USA by 52.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 545,983 shares of the construction company’s stock worth $18,656,000 after acquiring an additional 188,084 shares during the period. Winslow Asset Management Inc. grew its stake in shares of Beazer Homes USA by 0.4% in the third quarter. Winslow Asset Management Inc. now owns 491,330 shares of the construction company’s stock worth $16,789,000 after purchasing an additional 1,717 shares in the last quarter. Boston Partners acquired a new position in shares of Beazer Homes USA during the first quarter valued at $15,411,000. Finally, First Eagle Investment Management LLC increased its holdings in shares of Beazer Homes USA by 27.8% during the second quarter. First Eagle Investment Management LLC now owns 459,645 shares of the construction company’s stock valued at $12,631,000 after purchasing an additional 99,959 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Buying and Selling

In related news, CFO David I. Goldberg sold 6,057 shares of Beazer Homes USA stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total value of $194,187.42. Following the transaction, the chief financial officer now owns 131,004 shares of the company’s stock, valued at approximately $4,199,988.24. This trade represents a 4.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Zelman & Associates reiterated an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. Finally, Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $41.00 to $45.00 in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Beazer Homes USA has a consensus rating of “Hold” and a consensus target price of $39.67.

Beazer Homes USA Price Performance

Shares of NYSE BZH opened at $34.95 on Friday. The firm has a 50-day moving average of $32.78 and a two-hundred day moving average of $30.73. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 0.39 and a beta of 2.18. The company has a current ratio of 14.29, a quick ratio of 1.87 and a debt-to-equity ratio of 0.83. Beazer Homes USA, Inc. has a twelve month low of $25.48 and a twelve month high of $38.22.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Wednesday, November 13th. The construction company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.34. The firm had revenue of $806.20 million during the quarter, compared to analysts’ expectations of $775.42 million. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%. The firm’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period last year, the firm posted $1.80 earnings per share. As a group, analysts expect that Beazer Homes USA, Inc. will post 4.44 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.