Denali Advisors LLC Has $3.01 Million Stock Position in Beazer Homes USA, Inc. (NYSE:BZH)

Denali Advisors LLC boosted its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 198.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,777 shares of the construction company's stock after acquiring an additional 98,277 shares during the quarter. Denali Advisors LLC owned 0.47% of Beazer Homes USA worth $3,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BZH. Proficio Capital Partners LLC bought a new position in shares of Beazer Homes USA in the fourth quarter worth approximately $304,000. Raymond James Financial Inc. purchased a new stake in shares of Beazer Homes USA during the fourth quarter worth $1,216,000. Intech Investment Management LLC lifted its position in Beazer Homes USA by 57.2% in the fourth quarter. Intech Investment Management LLC now owns 17,092 shares of the construction company's stock valued at $469,000 after buying an additional 6,222 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Beazer Homes USA by 8.1% during the fourth quarter. American Century Companies Inc. now owns 70,734 shares of the construction company's stock worth $1,942,000 after buying an additional 5,284 shares during the period. Finally, Sei Investments Co. grew its position in Beazer Homes USA by 40.3% in the 4th quarter. Sei Investments Co. now owns 103,588 shares of the construction company's stock valued at $2,845,000 after buying an additional 29,772 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Insider Activity at Beazer Homes USA

In other news, Director John J. Kelley III bought 10,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were bought at an average price of $21.50 per share, for a total transaction of $215,000.00. Following the purchase, the director owned 15,917 shares in the company, valued at approximately $342,215.50. The trade was a 169.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Beazer Homes USA Price Performance

Shares of NYSE BZH traded up $0.27 during mid-day trading on Monday, hitting $23.55. 149,190 shares of the stock traded hands, compared to its average volume of 379,977. The company has a market cap of $713.48 million, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.65 and a beta of 2.09. The company has a debt-to-equity ratio of 0.88, a current ratio of 13.07 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $22.27 and a two-hundred day simple moving average of $22.45. 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 released its quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.26 by $0.16. The firm 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 business's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.26 EPS. As a group, equities research analysts forecast 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.