Assenagon Asset Management S.A. Has $5.27 Million Stock Position in Beazer Homes USA, Inc. (NYSE:BZH)

Assenagon Asset Management S.A. lowered its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 64.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,079 shares of the construction company’s stock after selling 353,904 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.62% of Beazer Homes USA worth $5,274,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BZH. Victory Capital Management Inc. increased its position in Beazer Homes USA by 711.4% in the 3rd quarter. Victory Capital Management Inc. now owns 225,453 shares of the construction company’s stock valued at $7,704,000 after acquiring an additional 197,666 shares in the last quarter. Mill Road Capital Management LLC increased its position in Beazer Homes USA by 89.1% in the 3rd quarter. Mill Road Capital Management LLC now owns 368,069 shares of the construction company’s stock valued at $12,577,000 after acquiring an additional 173,474 shares in the last quarter. Janus Henderson Group PLC increased its position in Beazer Homes USA by 783.6% in the 3rd quarter. Janus Henderson Group PLC now owns 123,702 shares of the construction company’s stock valued at $4,227,000 after acquiring an additional 109,702 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in Beazer Homes USA in the 3rd quarter valued at about $3,362,000. Finally, Fisher Asset Management LLC acquired a new stake in Beazer Homes USA in the 3rd quarter valued at about $1,653,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Ratings Changes

Separately, Wedbush reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Beazer Homes USA in a research note on Monday, December 23rd. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Beazer Homes USA presently has a consensus rating of “Hold” and an average target price of $39.67.

Insider Buying and Selling at Beazer Homes USA

In other news, CFO David I. Goldberg sold 6,057 shares of Beazer Homes USA stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the sale, the chief financial officer now directly owns 131,004 shares in the company, valued at $4,199,988.24. This trade represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.52% of the company’s stock.

Beazer Homes USA Stock Down 1.2 %

Shares of NYSE BZH opened at $28.22 on Tuesday. The firm has a market capitalization of $880.59 million, a PE ratio of 6.23, a price-to-earnings-growth ratio of 0.29 and a beta of 2.24. 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 1 year low of $25.39 and a 1 year high of $38.22. The firm’s 50-day moving average is $30.51 and its 200-day moving average is $31.03.

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