Victory Capital Management Inc. Purchases 51,860 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Key Points

• Victory Capital Management Inc. increased its holdings in Beazer Homes USA by 20.3%, acquiring an additional 51,860 shares in the first quarter, bringing its total ownership to 306,973 shares valued at approximately $6.26 million.
• Several other institutional investors have also significantly increased their positions in Beazer Homes USA, with Mill Road Capital Management LLC growing its stake by 81.0% during the fourth quarter.
• Beazer Homes reported earnings of $0.42 per share for the latest quarter, outpacing analyst expectations of $0.26, along with a year-over-year revenue increase of 4.4% to $565.34 million.

Victory Capital Management Inc. increased its position in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 20.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 306,973 shares of the construction company's stock after acquiring an additional 51,860 shares during the quarter. Victory Capital Management Inc. owned about 0.98% of Beazer Homes USA worth $6,259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BZH. Sterling Capital Management LLC increased its holdings in shares of Beazer Homes USA by 776.2% during the 4th quarter. Sterling Capital Management LLC now owns 920 shares of the construction company's stock worth $25,000 after purchasing an additional 815 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Beazer Homes USA during the 4th quarter worth about $34,000. Quarry LP bought a new position in shares of Beazer Homes USA during the 4th quarter worth about $69,000. CWM LLC increased its holdings in shares of Beazer Homes USA by 148.4% during the 1st quarter. CWM LLC now owns 4,002 shares of the construction company's stock worth $82,000 after purchasing an additional 2,391 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in Beazer Homes USA in the first quarter valued at about $99,000. Institutional investors own 85.65% of the company's stock.

Beazer Homes USA Stock Performance

Shares of NYSE BZH traded down $0.20 during mid-day trading on Tuesday, reaching $24.42. 67,554 shares of the company were exchanged, compared to its average volume of 404,918. The company's 50-day simple moving average is $22.53 and its 200-day simple moving average is $22.37. The company has a quick ratio of 0.96, a current ratio of 13.07 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $740.02 million, a P/E ratio of 7.90, a P/E/G ratio of 0.68 and a beta of 2.09. Beazer Homes USA, Inc. has a twelve month low of $17.37 and a twelve month high of $38.22.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.16. The company had revenue of $565.34 million for the quarter, compared to analyst estimates of $543.60 million. Beazer Homes USA had a net margin of 3.91% and a return on equity of 7.81%. The firm's revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 EPS. As a group, research analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Insiders Place Their Bets

In other Beazer Homes USA news, Director John J. Kelley III purchased 10,000 shares of the firm's stock in a transaction on Friday, May 9th. The stock was purchased at an average cost of $21.50 per share, for a total transaction of $215,000.00. Following the transaction, the director owned 15,917 shares in the company, valued at $342,215.50. The trade was a 169.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.52% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on BZH shares. Oppenheimer reissued an "outperform" rating and issued a $33.00 target price (down previously from $37.00) on shares of Beazer Homes USA in a research note on Tuesday, April 29th. Wedbush restated an "outperform" rating and issued a $41.00 price objective (down from $45.00) on shares of Beazer Homes USA in a report on Friday, May 2nd. Finally, B. Riley initiated coverage on shares of Beazer Homes USA in a report on Monday, June 30th. They issued a "neutral" rating and a $23.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Beazer Homes USA has a consensus rating of "Hold" and an average target price of $32.33.

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.