Victory Capital Management Inc. Increases Position in Beazer Homes USA, Inc. (NYSE:BZH)

Victory Capital Management Inc. lifted its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 13.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 255,113 shares of the construction company’s stock after buying an additional 29,660 shares during the period. Victory Capital Management Inc. owned approximately 0.82% of Beazer Homes USA worth $7,005,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BZH. Point72 Asset Management L.P. purchased a new position in Beazer Homes USA in the third quarter valued at approximately $125,000. Systematic Financial Management LP purchased a new position in Beazer Homes USA in the third quarter valued at approximately $182,000. Metis Global Partners LLC purchased a new position in Beazer Homes USA in the third quarter valued at approximately $201,000. Quadrature Capital Ltd purchased a new position in Beazer Homes USA in the third quarter valued at approximately $262,000. Finally, Focus Financial Network Inc. purchased a new position in Beazer Homes USA in the fourth quarter valued at approximately $275,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Stock Performance

Beazer Homes USA stock opened at $21.44 on Friday. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. Beazer Homes USA, Inc. has a 1-year low of $20.66 and a 1-year high of $38.22. The firm has a 50-day moving average of $24.58 and a 200-day moving average of $29.33. The firm has a market cap of $669.05 million, a P/E ratio of 5.46, a P/E/G ratio of 0.35 and a beta of 2.26.

Beazer Homes USA (NYSE:BZH) last issued 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 return on equity of 10.12% and a net margin of 5.04%. Sell-side analysts expect that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wedbush restated an “outperform” rating and set a $45.00 target price 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 issued a buy rating to the stock. According to MarketBeat.com, Beazer Homes USA presently has a consensus 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.