First Eagle Investment Management LLC Has $12.63 Million Position in Beazer Homes USA, Inc. (NYSE:BZH)

First Eagle Investment Management LLC increased its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 27.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 459,645 shares of the construction company’s stock after purchasing an additional 99,959 shares during the period. First Eagle Investment Management LLC owned approximately 1.46% of Beazer Homes USA worth $12,631,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. DGS Capital Management LLC lifted its holdings in Beazer Homes USA by 4.1% during the 1st quarter. DGS Capital Management LLC now owns 9,817 shares of the construction company’s stock valued at $322,000 after purchasing an additional 386 shares during the last quarter. Capstone Investment Advisors LLC increased its holdings in Beazer Homes USA by 8.2% during the 1st quarter. Capstone Investment Advisors LLC now owns 7,071 shares of the construction company’s stock valued at $232,000 after purchasing an additional 533 shares in the last quarter. ClariVest Asset Management LLC raised its position in Beazer Homes USA by 2.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 34,257 shares of the construction company’s stock valued at $941,000 after purchasing an additional 918 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Beazer Homes USA by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,780 shares of the construction company’s stock worth $584,000 after purchasing an additional 943 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Beazer Homes USA by 10.7% in the second quarter. Harbor Capital Advisors Inc. now owns 9,982 shares of the construction company’s stock worth $274,000 after purchasing an additional 967 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Insider Activity at Beazer Homes USA

In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 13,462 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $30.73, for a total transaction of $413,687.26. Following the completion of the transaction, the executive vice president now owns 164,119 shares in the company, valued at approximately $5,043,376.87. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Keith L. Belknap, Jr. sold 13,462 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $30.73, for a total value of $413,687.26. Following the sale, the executive vice president now directly owns 164,119 shares in the company, valued at $5,043,376.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Keith L. Belknap, Jr. sold 13,300 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $31.17, for a total value of $414,561.00. Following the transaction, the executive vice president now owns 150,819 shares of the company’s stock, valued at $4,701,028.23. The disclosure for this sale can be found here. 6.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on BZH. Zelman & Associates reissued an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday. B. Riley dropped their price target on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Wedbush raised 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. Oppenheimer started coverage on shares of Beazer Homes USA in a research report on Friday, May 31st. They set an “outperform” rating and a $37.00 target price for the company. Finally, StockNews.com lowered Beazer Homes USA from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Beazer Homes USA has a consensus rating of “Hold” and an average price target of $39.67.

Beazer Homes USA Stock Up 2.3 %

Shares of NYSE BZH opened at $34.55 on Friday. The firm has a 50 day moving average price of $31.06 and a 200 day moving average price of $29.56. The stock has a market cap of $1.09 billion, a P/E ratio of 6.67, a P/E/G ratio of 1.48 and a beta of 2.17. Beazer Homes USA, Inc. has a 52-week low of $22.03 and a 52-week high of $35.20. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.92 and a current ratio of 12.42.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, August 1st. The construction company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.84 by $0.04. The firm had revenue of $595.68 million for the quarter, compared to the consensus estimate of $597.67 million. Beazer Homes USA had a net margin of 6.63% and a return on equity of 12.61%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. Analysts expect that Beazer Homes USA, Inc. will post 4.2 EPS 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.