Beazer Homes USA, Inc. (NYSE:BZH) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 31.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 105,306 shares of the construction company's stock after acquiring an additional 25,484 shares during the period. JPMorgan Chase & Co. owned 0.34% of Beazer Homes USA worth $2,892,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Focus Financial Network Inc. purchased a new stake in shares of Beazer Homes USA during the 4th quarter valued at $275,000. Ritholtz Wealth Management grew its stake in shares of Beazer Homes USA by 26.4% during the 4th quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company's stock valued at $689,000 after buying an additional 5,235 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Beazer Homes USA during the 4th quarter valued at $304,000. Barclays PLC grew its stake in shares of Beazer Homes USA by 26.3% during the 3rd quarter. Barclays PLC now owns 190,741 shares of the construction company's stock valued at $6,516,000 after buying an additional 39,752 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Beazer Homes USA by 36.2% during the 4th quarter. Rhumbline Advisers now owns 63,727 shares of the construction company's stock valued at $1,750,000 after buying an additional 16,933 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Beazer Homes USA Stock Up 0.9 %

Beazer Homes USA stock traded up $0.18 during trading on Monday, reaching $19.44. 296,924 shares of the company's stock were exchanged, compared to its average volume of 393,738. The company's 50-day moving average is $20.76 and its two-hundred day moving average is $26.43. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52. Beazer Homes USA, Inc. has a 52-week low of $17.37 and a 52-week high of $38.22. The firm has a market cap of $606.59 million, a price-to-earnings ratio of 4.95, a PEG ratio of 0.35 and a beta of 2.05.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The construction company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. On average, analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued an "outperform" rating and set a $45.00 price objective on shares of Beazer Homes USA in a research note 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 stock. According to MarketBeat, Beazer Homes USA presently has a consensus rating of "Hold" and an average target price of $39.67.

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.