Connor Clark & Lunn Investment Management Ltd. Has $1.92 Million Position in Beazer Homes USA, Inc. (NYSE:BZH)

Key Points

• Connor Clark & Lunn Investment Management Ltd. has reduced its stake in Beazer Homes USA by 26.7%, owning approximately 0.31% of the company's shares valued at $1.92 million after selling 34,322 shares.
• Despite a quarterly earnings miss, where Beazer reported $0.26 EPS compared to estimates of $0.42, analysts maintain varied ratings: B. Riley issued a "neutral" rating, while Wedbush and Oppenheimer reaffirmed "outperform" ratings with target prices of $41.00 and $30.00, respectively.
• Institutional investors hold a significant interest in Beazer Homes USA, owning 85.65% of the company's stock, indicating strong institutional support for the company.

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 26.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,007 shares of the construction company's stock after selling 34,322 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.31% of Beazer Homes USA worth $1,917,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BZH. Sterling Capital Management LLC grew its position in Beazer Homes USA by 776.2% during the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company's stock worth $25,000 after buying an additional 815 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Beazer Homes USA in the 4th quarter valued at $34,000. US Bancorp DE boosted its holdings 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 purchasing an additional 819 shares in the last quarter. Quarry LP acquired a new stake in shares of Beazer Homes USA in the 4th quarter valued at $69,000. Finally, CWM LLC boosted its holdings in shares of Beazer Homes USA by 148.4% in the 1st quarter. CWM LLC now owns 4,002 shares of the construction company's stock valued at $82,000 after purchasing an additional 2,391 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BZH shares. B. Riley started 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. Wedbush reaffirmed an "outperform" rating and issued a $41.00 target price on shares of Beazer Homes USA in a report on Friday, August 1st. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $30.00 target price (down previously from $33.00) on shares of Beazer Homes USA in a report on Monday, August 4th.

Beazer Homes USA Trading Up 1.8%

NYSE BZH opened at $25.79 on Friday. The company has a quick ratio of 0.91, a current ratio of 13.33 and a debt-to-equity ratio of 0.94. Beazer Homes USA, Inc. has a twelve month low of $17.37 and a twelve month high of $38.22. The company has a market cap of $766.74 million, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 0.80 and a beta of 2.09. The business's fifty day moving average is $23.29 and its 200 day moving average is $22.05.

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 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 last year, the business earned $0.88 EPS. The company's revenue was down 8.4% compared to the same quarter last year. As a group, sell-side analysts expect that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

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.

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