Boston Partners Has $22.43 Million Position in Beazer Homes USA, Inc. $BZH

Key Points

• Boston Partners has reduced its stake in Beazer Homes USA, Inc. by 0.9%, holding approximately 3.67% of the company's shares worth about $22.4 million.
• Several institutional investors, including Mill Road Capital Management and Algert Global, significantly increased their positions in Beazer Homes during the fourth quarter, showcasing increased interest in the stock.
• Beazer Homes reported earnings per share (EPS) of $0.26 for the last quarter, falling short of analysts' expectations and marking an 8.4% revenue decline year-over-year.

Boston Partners cut its position in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 0.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,112,896 shares of the construction company's stock after selling 10,229 shares during the period. Boston Partners owned 3.67% of Beazer Homes USA worth $22,434,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BZH. Mill Road Capital Management LLC raised its stake in shares of Beazer Homes USA by 81.0% during the 4th quarter. Mill Road Capital Management LLC now owns 666,058 shares of the construction company's stock worth $18,290,000 after purchasing an additional 297,989 shares in the last quarter. Algert Global LLC raised its stake in shares of Beazer Homes USA by 582.0% in the 4th quarter. Algert Global LLC now owns 160,008 shares of the construction company's stock valued at $4,394,000 after acquiring an additional 136,548 shares in the last quarter. Readystate Asset Management LP bought a new position in shares of Beazer Homes USA in the 1st quarter valued at approximately $2,210,000. Denali Advisors LLC raised its stake in shares of Beazer Homes USA by 198.5% in the 1st quarter. Denali Advisors LLC now owns 147,777 shares of the construction company's stock valued at $3,013,000 after acquiring an additional 98,277 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Beazer Homes USA in the 4th quarter valued at approximately $2,618,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Price Performance

BZH stock traded down $0.4250 during trading on Thursday, hitting $24.3650. The company had a trading volume of 45,987 shares, compared to its average volume of 404,830. The company has a fifty day moving average price of $23.46 and a two-hundred day moving average price of $22.05. The company has a current ratio of 13.33, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94. The company has a market cap of $724.27 million, a P/E ratio of 11.08, a P/E/G ratio of 0.82 and a beta of 2.09. 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 announced its quarterly earnings results on Thursday, July 31st. The construction company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.16). The company 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%. Beazer Homes USA's quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 EPS. Equities research analysts expect that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BZH has been the topic of a number of recent analyst reports. Wedbush reissued an "outperform" rating and issued a $41.00 price objective on shares of Beazer Homes USA in a research note on Friday, August 1st. Oppenheimer reissued an "outperform" rating and issued a $30.00 price objective (down from $33.00) on shares of Beazer Homes USA in a research note on Monday, August 4th. Finally, B. Riley began coverage on Beazer Homes USA in a report on Monday, June 30th. They issued a "neutral" rating and a $23.00 target price on the stock. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $31.33.

Beazer Homes USA 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.