Beazer Homes USA, Inc. (NYSE:BZH) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 4.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,184 shares of the construction company’s stock after purchasing an additional 581 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Beazer Homes USA were worth $417,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BZH. Innealta Capital LLC purchased a new stake in shares of Beazer Homes USA during the second quarter worth about $88,000. Capstone Investment Advisors LLC lifted its position in shares of 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 acquiring an additional 533 shares during the last quarter. DGS Capital Management LLC lifted its position in shares of 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 acquiring an additional 386 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Beazer Homes USA by 10.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,982 shares of the construction company’s stock valued at $274,000 after acquiring an additional 967 shares during the last quarter. Finally, Koss Olinger Consulting LLC purchased a new stake in shares of Beazer Homes USA in the second quarter valued at $447,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Stock Up 3.1 %

NYSE:BZH opened at $33.54 on Thursday. The stock’s fifty day moving average price is $31.58 and its two-hundred day moving average price is $29.79. 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. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 6.47, a P/E/G ratio of 1.35 and a beta of 2.17.

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

Analyst Ratings Changes

Several brokerages recently issued reports on BZH. B. Riley cut their price objective on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $41.00 to $45.00 in a research report on Thursday, September 5th. StockNews.com cut shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Finally, Zelman & Associates restated an “underperform” rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.67.

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 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.