Optimize Financial Inc Acquires Shares of 17,154 Beazer Homes USA, Inc. (NYSE:BZH)

Optimize Financial Inc acquired a new position in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,154 shares of the construction company's stock, valued at approximately $471,000. Optimize Financial Inc owned about 0.05% of Beazer Homes USA as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BZH. Vanguard Group Inc. boosted its stake in Beazer Homes USA by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,828,558 shares of the construction company's stock valued at $50,212,000 after acquiring an additional 22,033 shares in the last quarter. Boston Partners grew its stake in Beazer Homes USA by 5.1% during the 4th quarter. Boston Partners now owns 1,123,125 shares of the construction company's stock worth $30,946,000 after buying an additional 54,959 shares during the last quarter. First Eagle Investment Management LLC increased its position in Beazer Homes USA by 9.1% during the 4th quarter. First Eagle Investment Management LLC now owns 612,158 shares of the construction company's stock valued at $16,810,000 after buying an additional 51,027 shares in the last quarter. Victory Capital Management Inc. raised its stake in Beazer Homes USA by 13.2% in the fourth quarter. Victory Capital Management Inc. now owns 255,113 shares of the construction company's stock valued at $7,005,000 after buying an additional 29,660 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in Beazer Homes USA by 16.4% in the fourth quarter. Royce & Associates LP now owns 231,861 shares of the construction company's stock worth $6,367,000 after acquiring an additional 32,730 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Analysts Set New Price Targets

Separately, Wedbush reaffirmed an "outperform" rating and issued a $45.00 price objective on shares of Beazer Homes USA in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $39.67.

Beazer Homes USA Stock Performance

BZH stock traded up $0.63 during midday trading on Thursday, reaching $18.57. The stock had a trading volume of 377,840 shares, compared to its average volume of 393,570. The firm has a fifty day simple moving average of $21.62 and a two-hundred day simple moving average of $27.28. Beazer Homes USA, Inc. has a 52-week low of $17.37 and a 52-week high of $38.22. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52. The stock has a market cap of $579.38 million, a PE ratio of 4.72, a P/E/G ratio of 0.35 and a beta of 2.05.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The construction company reported $0.10 earnings per share (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%. As a group, equities research analysts anticipate that Beazer Homes USA, Inc. will post 3.48 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.