Voloridge Investment Management LLC Has $3.84 Million Stock Position in Beazer Homes USA, Inc. (NYSE:BZH)

Voloridge Investment Management LLC reduced its holdings in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 24.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,744 shares of the construction company's stock after selling 44,667 shares during the period. Voloridge Investment Management LLC owned about 0.45% of Beazer Homes USA worth $3,837,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Two Sigma Advisers LP increased its position in Beazer Homes USA by 2.3% in the 4th quarter. Two Sigma Advisers LP now owns 263,240 shares of the construction company's stock worth $7,229,000 after purchasing an additional 5,800 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new position in Beazer Homes USA in the 4th quarter worth about $262,000. Rafferty Asset Management LLC increased its position in Beazer Homes USA by 54.0% in the 4th quarter. Rafferty Asset Management LLC now owns 19,279 shares of the construction company's stock worth $529,000 after purchasing an additional 6,760 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Beazer Homes USA in the 4th quarter worth about $34,000. Finally, Point72 Asset Management L.P. increased its position in Beazer Homes USA by 172.3% in the 4th quarter. Point72 Asset Management L.P. now owns 9,984 shares of the construction company's stock worth $274,000 after purchasing an additional 6,318 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BZH has been the topic of several research reports. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 target price (down from $37.00) on shares of Beazer Homes USA in a research report on Tuesday, April 29th. Wedbush reaffirmed an "outperform" rating and issued a $41.00 target price (down from $45.00) on shares of Beazer Homes USA in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $37.00.

Beazer Homes USA Stock Performance

Shares of NYSE BZH remained flat at $20.56 during mid-day trading on Friday. The stock had a trading volume of 504,659 shares, compared to its average volume of 394,118. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The stock has a market cap of $623.03 million, a PE ratio of 5.23, a PEG ratio of 0.35 and a beta of 2.20. The company's fifty day moving average is $20.20 and its two-hundred day moving average is $24.58. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The construction company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.16. The business had revenue of $565.34 million for the quarter, compared to analyst estimates of $543.60 million. Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 EPS. Research analysts forecast that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Insider Activity

In other Beazer Homes USA news, Director John J. Kelley III bought 10,000 shares of the 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.52% of the stock is currently owned by insiders.

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.