Beazer Homes USA, Inc. $BZH Shares Acquired by Hotchkis & Wiley Capital Management LLC

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 boosted its position in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 20.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,890 shares of the construction company's stock after purchasing an additional 20,300 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.40% of Beazer Homes USA worth $2,445,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Beazer Homes USA by 0.6% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 76,110 shares of the construction company's stock worth $1,552,000 after buying an additional 476 shares in the last quarter. US Bancorp DE increased its position in shares of Beazer Homes USA by 48.1% during the first quarter. US Bancorp DE now owns 2,523 shares of the construction company's stock worth $51,000 after acquiring an additional 819 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Beazer Homes USA by 4.8% in the fourth quarter. MetLife Investment Management LLC now owns 18,234 shares of the construction company's stock worth $501,000 after acquiring an additional 835 shares in the last quarter. GHE LLC boosted its holdings in Beazer Homes USA by 1.2% in the first quarter. GHE LLC now owns 70,637 shares of the construction company's stock valued at $1,440,000 after purchasing an additional 859 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Beazer Homes USA by 0.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 192,951 shares of the construction company's stock valued at $3,934,000 after purchasing an additional 872 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Beazer Homes USA Price Performance

Shares of BZH opened at $25.39 on Wednesday. The firm has a market cap of $754.62 million, a price-to-earnings ratio of 11.54, a PEG ratio of 0.81 and a beta of 2.09. The stock has a 50 day moving average of $23.75 and a 200-day moving average of $22.15. The company has a current ratio of 13.33, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94. Beazer Homes USA, Inc. has a 52 week low of $17.37 and a 52 week high of $38.22.

Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its quarterly earnings results 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). Beazer Homes USA had a net margin of 2.84% and a return on equity of 6.16%. The firm had revenue of $545.37 million for the quarter, compared to analyst estimates of $565.47 million. During the same period in the prior year, the company posted $0.88 earnings per share. The business's revenue was down 8.4% on a year-over-year basis. As a group, analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Analyst Ratings Changes

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

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