Algert Global LLC Purchases 136,548 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Algert Global LLC increased its position in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 582.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 160,008 shares of the construction company's stock after acquiring an additional 136,548 shares during the period. Algert Global LLC owned about 0.51% of Beazer Homes USA worth $4,394,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Focus Financial Network Inc. bought a new stake in Beazer Homes USA in the fourth quarter valued at approximately $275,000. Ritholtz Wealth Management lifted its stake in shares of Beazer Homes USA by 26.4% in the 4th quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company's stock valued at $689,000 after purchasing an additional 5,235 shares during the period. Norges Bank acquired a new position in Beazer Homes USA in the fourth quarter valued at approximately $4,149,000. Proficio Capital Partners LLC acquired a new position in shares of Beazer Homes USA during the 4th quarter valued at $304,000. Finally, JPMorgan Chase & Co. grew its holdings in Beazer Homes USA by 31.9% in the fourth quarter. JPMorgan Chase & Co. now owns 105,306 shares of the construction company's stock worth $2,892,000 after purchasing an additional 25,484 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on BZH. Wedbush reiterated an "outperform" rating and issued a $41.00 price target (down previously from $45.00) on shares of Beazer Homes USA in a report on Friday, May 2nd. Oppenheimer reiterated an "outperform" rating and issued a $33.00 target price (down from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $37.00.

Beazer Homes USA Stock Up 2.8%

BZH stock traded up $0.59 during mid-day trading on Monday, reaching $22.03. 95,094 shares of the company traded hands, compared to its average volume of 390,169. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87. The firm's 50 day moving average price is $20.37 and its 200 day moving average price is $25.70. The stock has a market cap of $667.70 million, a price-to-earnings ratio of 5.63, a P/E/G ratio of 0.35 and a beta of 2.20. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22.

Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The construction company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.16. The firm had revenue of $565.34 million for the quarter, compared to the consensus estimate of $543.60 million. Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.26 EPS. As a group, equities research analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

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.