Raymond James Financial Inc. Purchases Shares of 44,298 Beazer Homes USA, Inc. (NYSE:BZH)

Raymond James Financial Inc. purchased a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 44,298 shares of the construction company’s stock, valued at approximately $1,216,000. Raymond James Financial Inc. owned 0.14% of Beazer Homes USA as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of BZH. Sanctuary Advisors LLC lifted its holdings in Beazer Homes USA by 16.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,536 shares of the construction company’s stock worth $530,000 after buying an additional 2,197 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Beazer Homes USA during the third quarter worth about $125,000. GHE LLC lifted its stake in shares of Beazer Homes USA by 7.5% in the fourth quarter. GHE LLC now owns 69,778 shares of the construction company’s stock worth $1,916,000 after acquiring an additional 4,841 shares during the period. Ritholtz Wealth Management boosted its holdings in Beazer Homes USA by 26.4% in the fourth quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company’s stock valued at $689,000 after acquiring an additional 5,235 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new stake in Beazer Homes USA during the 3rd quarter valued at approximately $182,000. Institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush restated an “outperform” rating and issued a $45.00 price target on shares of Beazer Homes USA in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat, Beazer Homes USA presently has an average rating of “Hold” and a consensus price target of $39.67.

Beazer Homes USA Trading Up 1.8 %

NYSE BZH opened at $20.87 on Thursday. Beazer Homes USA, Inc. has a one year low of $19.80 and a one year high of $38.22. The company has a debt-to-equity ratio of 0.87, a current ratio of 15.52 and a quick ratio of 1.25. The business has a 50 day simple moving average of $23.06 and a 200 day simple moving average of $28.43. The stock has a market capitalization of $651.21 million, a P/E ratio of 5.31, a P/E/G ratio of 0.35 and a beta of 2.26.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Thursday, January 30th. The construction company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.21). Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. Research analysts expect that Beazer Homes USA, Inc. will post 3.48 earnings per share 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.