Hotchkis & Wiley Capital Management LLC Has $2.45 Million Stock Position in Beazer Homes USA, Inc. $BZH

Key Points

• Hotchkis & Wiley Capital Management LLC increased its ownership in Beazer Homes USA by 20.4%, now holding approximately 119,890 shares valued at $2.4 million.
• Beazer Homes reported a loss in quarterly earnings with earnings per share of $0.26, missing estimates of $0.42, and an 8.4% decline in year-over-year revenue.
• Analysts have varied ratings on Beazer Homes, with a consensus rating of "Hold" and a target price averaging around $31.33.

Hotchkis & Wiley Capital Management LLC grew its position in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 20.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,890 shares of the construction company's stock after buying an additional 20,300 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.40% of Beazer Homes USA worth $2,445,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE raised its position in shares of Beazer Homes USA by 48.1% in the 1st quarter. US Bancorp DE now owns 2,523 shares of the construction company's stock valued at $51,000 after buying an additional 819 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of Beazer Homes USA in the 4th quarter valued at approximately $226,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Beazer Homes USA in the 1st quarter valued at approximately $509,000. Janney Montgomery Scott LLC boosted its stake in shares of Beazer Homes USA by 17.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 30,165 shares of the construction company's stock valued at $615,000 after purchasing an additional 4,438 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of Beazer Homes USA by 158.8% in the 1st quarter. GSA Capital Partners LLP now owns 71,269 shares of the construction company's stock valued at $1,453,000 after purchasing an additional 43,728 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Beazer Homes USA Trading Down 0.0%

Shares of Beazer Homes USA stock traded down $0.00 on Monday, hitting $25.20. The stock had a trading volume of 268,484 shares, compared to its average volume of 356,148. The stock has a 50 day moving average of $24.04 and a 200 day moving average of $22.17. Beazer Homes USA, Inc. has a twelve month low of $17.37 and a twelve month high of $38.22. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.91 and a current ratio of 13.33. The firm has a market capitalization of $749.14 million, a P/E ratio of 11.45, a PEG ratio of 0.80 and a beta of 2.12.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.16). The firm had revenue of $545.37 million during the quarter, compared to analyst estimates of $565.47 million. Beazer Homes USA had a net margin of 2.84% and a return on equity of 6.16%. The business's quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. Sell-side analysts expect that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BZH shares. Wedbush restated an "outperform" rating and issued a $41.00 price target on shares of Beazer Homes USA in a research note on Friday, August 1st. B. Riley started coverage on shares of Beazer Homes USA in a research note on Monday, June 30th. They issued a "neutral" rating and a $23.00 price target on the stock. Finally, Oppenheimer restated an "outperform" rating and issued a $30.00 price target (down from $33.00) on shares of Beazer Homes USA in a research note on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $31.33.

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.