Beazer Homes USA, Inc. (NYSE:BZH) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 31.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,194,979 shares of the construction company's stock after acquiring an additional 521,596 shares during the period. Vanguard Group Inc. owned approximately 6.96% of Beazer Homes USA worth $54,677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in Beazer Homes USA by 83.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,007 shares of the construction company's stock valued at $29,000 after acquiring an additional 1,367 shares during the last quarter. BluePath Capital Management LLC purchased a new position in shares of Beazer Homes USA during the 3rd quarter worth approximately $31,000. Great West Life Assurance Co. Can purchased a new position in shares of Beazer Homes USA during the 2nd quarter worth approximately $31,000. Dark Forest Capital Management LP purchased a new position in shares of Beazer Homes USA during the 1st quarter worth approximately $31,000. Finally, Captrust Financial Advisors raised its stake in shares of Beazer Homes USA by 60.3% during the 2nd quarter. Captrust Financial Advisors now owns 2,618 shares of the construction company's stock worth $32,000 after buying an additional 985 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Price Performance

Shares of BZH traded down $0.28 on Tuesday, reaching $30.44. The stock had a trading volume of 288,655 shares, compared to its average volume of 313,517. The company has a quick ratio of 1.32, a current ratio of 13.95 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $960.23 million, a PE ratio of 6.03 and a beta of 2.24. The firm has a 50-day moving average of $30.62 and a 200 day moving average of $29.12. Beazer Homes USA, Inc. has a twelve month low of $15.47 and a twelve month high of $35.93.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its earnings results on Thursday, February 1st. The construction company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.01). The firm had revenue of $386.80 million during the quarter, compared to analysts' expectations of $420.71 million. Beazer Homes USA had a return on equity of 14.09% and a net margin of 7.26%. The company's quarterly revenue was down 13.1% compared to the same quarter last year. During the same period last year, the business posted $0.80 earnings per share. Sell-side analysts expect that Beazer Homes USA, Inc. will post 4.66 EPS for the current year.

Wall Street Analysts Forecast Growth

BZH has been the subject of a number of analyst reports. StockNews.com raised Beazer Homes USA from a "sell" rating to a "hold" rating in a research note on Friday, March 29th. Wedbush increased their target price on Beazer Homes USA from $32.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, February 2nd.

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.