Royce & Associates LP Raises Position in Beazer Homes USA, Inc. (NYSE:BZH)

Key Points

• Royce & Associates LP increased its position in Beazer Homes USA by 14.5%, holding 265,401 shares worth approximately $5.41 million as of the latest filing.
• Other institutional investors, including Sterling Capital Management and Point72 Asia, have significantly increased their stakes in Beazer Homes USA, with hedge funds now owning 85.65% of the company's stock.
• Beazer Homes reported a quarterly EPS of $0.42, surpassing estimates and showing a 4.4% year-over-year increase in revenue.

Royce & Associates LP raised its position in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 14.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 265,401 shares of the construction company's stock after acquiring an additional 33,540 shares during the quarter. Royce & Associates LP owned about 0.88% of Beazer Homes USA worth $5,412,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. GHE LLC boosted its position in Beazer Homes USA by 1.2% during the first quarter. GHE LLC now owns 70,637 shares of the construction company's stock valued at $1,440,000 after acquiring an additional 859 shares during the last quarter. Readystate Asset Management LP bought a new position in shares of Beazer Homes USA during the 1st quarter worth about $2,210,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Beazer Homes USA by 0.6% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 76,110 shares of the construction company's stock worth $1,552,000 after purchasing an additional 476 shares in the last quarter. Denali Advisors LLC boosted its position in shares of Beazer Homes USA by 198.5% during the 1st quarter. Denali Advisors LLC now owns 147,777 shares of the construction company's stock worth $3,013,000 after purchasing an additional 98,277 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Beazer Homes USA by 20.3% during the 1st quarter. Victory Capital Management Inc. now owns 306,973 shares of the construction company's stock worth $6,259,000 after purchasing an additional 51,860 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Insiders Place Their Bets

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

Beazer Homes USA Stock Down 0.9%

NYSE BZH traded down $0.22 during trading hours on Wednesday, hitting $24.14. The company's stock had a trading volume of 21,492 shares, compared to its average volume of 404,389. Beazer Homes USA, Inc. has a 52 week low of $17.37 and a 52 week high of $38.22. The company has a market capitalization of $731.64 million, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.68 and a beta of 2.09. The company has a current ratio of 13.07, a quick ratio of 0.96 and a debt-to-equity ratio of 0.88. The company's 50-day simple moving average is $22.58 and its two-hundred day simple moving average is $22.39.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.16. Beazer Homes USA had a net margin of 3.91% and a return on equity of 7.81%. The business had revenue of $565.34 million for the quarter, compared to analysts' expectations of $543.60 million. During the same quarter last year, the firm earned $1.26 EPS. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.