Intech Investment Management LLC Takes Position in Beazer Homes USA, Inc. (NYSE:BZH)

Intech Investment Management LLC bought a new stake in Beazer Homes USA, Inc. (NYSE:BZH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,870 shares of the construction company’s stock, valued at approximately $371,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Donald Smith & CO. Inc. increased its stake in shares of 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 valued at $107,035,000 after buying an additional 45,553 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Beazer Homes USA by 52.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 545,983 shares of the construction company’s stock valued at $18,656,000 after buying an additional 188,084 shares during the period. Winslow Asset Management Inc. increased its stake in shares of Beazer Homes USA by 0.4% in the 3rd quarter. Winslow Asset Management Inc. now owns 491,330 shares of the construction company’s stock valued at $16,789,000 after buying an additional 1,717 shares during the period. First Eagle Investment Management LLC grew its stake 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 worth $12,631,000 after purchasing an additional 99,959 shares during the period. Finally, EMG Holdings L.P. grew its stake in shares of Beazer Homes USA by 12.9% during the second quarter. EMG Holdings L.P. now owns 247,349 shares of the construction company’s stock worth $6,797,000 after purchasing an additional 28,208 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO David I. Goldberg sold 6,057 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total transaction of $194,187.42. Following the sale, the chief financial officer now owns 131,004 shares in the company, valued at approximately $4,199,988.24. This represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.99% of the company’s stock.

Analyst Ratings Changes

BZH has been the subject of a number of analyst reports. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $41.00 to $45.00 in a research note on Thursday, September 5th. Zelman & Associates reaffirmed an “underperform” rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.67.

Beazer Homes USA Stock Performance

BZH stock opened at $34.73 on Wednesday. The business’s 50-day moving average price is $32.84 and its two-hundred day moving average price is $30.83. The company has a current ratio of 14.29, a quick ratio of 1.87 and a debt-to-equity ratio of 0.83. The firm has a market cap of $1.08 billion, a PE ratio of 7.67, a P/E/G ratio of 0.39 and a beta of 2.19. Beazer Homes USA, Inc. has a 1-year low of $25.48 and a 1-year high of $38.22.

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

About Beazer Homes USA

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.