Northern Trust Corp Grows Position in Beazer Homes USA, Inc. (NYSE:BZH)

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

Several other large investors also recently added to or reduced their stakes in the business. Mill Road Capital Management LLC increased its stake in Beazer Homes USA by 81.0% in the 4th quarter. Mill Road Capital Management LLC now owns 666,058 shares of the construction company's stock worth $18,290,000 after acquiring an additional 297,989 shares during the last quarter. Norges Bank purchased a new position in shares of Beazer Homes USA during the fourth quarter worth about $4,149,000. Renaissance Technologies LLC bought a new position in shares of Beazer Homes USA in the fourth quarter worth approximately $2,618,000. Peregrine Capital Management LLC increased its position in shares of Beazer Homes USA by 43.8% in the fourth quarter. Peregrine Capital Management LLC now owns 211,010 shares of the construction company's stock worth $5,794,000 after purchasing an additional 64,240 shares during the last quarter. Finally, Gratia Capital LLC raised its stake in Beazer Homes USA by 376.4% in the fourth quarter. Gratia Capital LLC now owns 80,000 shares of the construction company's stock valued at $2,197,000 after purchasing an additional 63,206 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director John J. Kelley III acquired 10,000 shares of Beazer Homes USA stock in a transaction dated Friday, May 9th. The shares were purchased at an average cost of $21.50 per share, with a total value of $215,000.00. Following the completion of the purchase, the director now 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.52% of the stock is owned by corporate insiders.

Beazer Homes USA Stock Performance

NYSE:BZH remained flat at $20.70 during mid-day trading on Thursday. The company had a trading volume of 312,486 shares, compared to its average volume of 394,095. The company has a market capitalization of $627.27 million, a PE ratio of 5.27, a P/E/G ratio of 0.35 and a beta of 2.20. The company has a 50 day moving average price of $20.35 and a 200 day moving average price of $25.28. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87. Beazer Homes USA, Inc. has a one year low of $17.37 and a one year high of $38.22.

Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.26 by $0.16. The firm had revenue of $565.34 million for the quarter, compared to the consensus estimate of $543.60 million. Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. The business's revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.26 earnings per share. Research analysts forecast 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.