Beazer Homes USA, Inc. (NYSE:BZH) Shares Acquired by Northern Trust Corp

Northern Trust Corp raised its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 10.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 290,695 shares of the construction company's stock after buying an additional 27,503 shares during the period. Northern Trust Corp owned about 0.93% of Beazer Homes USA worth $7,982,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BZH. Sterling Capital Management LLC raised 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 valued at $25,000 after acquiring an additional 815 shares in the last quarter. Quarry LP acquired a new stake in shares of Beazer Homes USA during the 4th quarter worth approximately $69,000. KLP Kapitalforvaltning AS purchased a new position in shares of Beazer Homes USA during the 4th quarter valued at approximately $148,000. Tower Research Capital LLC TRC lifted its stake in shares of Beazer Homes USA by 61.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,018 shares of the construction company's stock valued at $165,000 after purchasing an additional 2,290 shares during the period. Finally, Focus Financial Network Inc. purchased a new stake in Beazer Homes USA during the fourth quarter worth $275,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Insider Activity

In other Beazer Homes USA news, Director John J. Kelley III bought 10,000 shares of the company's stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of $21.50 per share, with a total value of $215,000.00. Following the completion of the acquisition, the director now directly owns 15,917 shares of the company's stock, valued at $342,215.50. This represents a 169.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BZH shares. Wedbush reaffirmed an "outperform" rating and issued a $41.00 price objective (down previously from $45.00) on shares of Beazer Homes USA in a report on Friday, May 2nd. Oppenheimer restated an "outperform" rating and issued a $33.00 price target (down previously from $37.00) on shares of Beazer Homes USA in a research note on Tuesday, April 29th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $37.00.

Beazer Homes USA Price Performance

NYSE BZH traded up $0.04 on Friday, hitting $20.74. The company had a trading volume of 198,604 shares, compared to its average volume of 393,186. The company has a debt-to-equity ratio of 0.87, a current ratio of 15.52 and a quick ratio of 1.25. The company's fifty day moving average price is $20.31 and its 200-day moving average price is $25.07. The company has a market capitalization of $628.58 million, a PE ratio of 5.28, a PEG ratio of 0.35 and a beta of 2.20. Beazer Homes USA, Inc. has a 12-month low of $17.37 and a 12-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 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.16. Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. The firm had revenue of $565.34 million during the quarter, compared to the consensus estimate of $543.60 million. During the same quarter in the prior year, the firm earned $1.26 EPS. The company's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

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.