Donald Smith & CO. Inc. Boosts Stock Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

Donald Smith & CO. Inc. grew its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 58.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,586,642 shares of the construction company's stock after buying an additional 958,814 shares during the period. Beazer Homes USA accounts for approximately 2.2% of Donald Smith & CO. Inc.'s portfolio, making the stock its 18th largest holding. Donald Smith & CO. Inc. owned approximately 8.20% of Beazer Homes USA worth $87,403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BluePath Capital Management LLC bought a new stake in Beazer Homes USA in the third quarter valued at approximately $31,000. Dark Forest Capital Management LP raised its stake in Beazer Homes USA by 19.8% during the 3rd quarter. Dark Forest Capital Management LP now owns 8,729 shares of the construction company's stock valued at $217,000 after buying an additional 1,442 shares during the last quarter. Edmonds Duncan Registered Investment Advisors LLC purchased a new stake in shares of Beazer Homes USA during the 4th quarter valued at about $217,000. DekaBank Deutsche Girozentrale bought a new position in Beazer Homes USA in the third quarter worth approximately $222,000. Finally, Principal Financial Group Inc. bought a new position in Beazer Homes USA in the 3rd quarter worth $227,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Stock Performance

BZH traded down $0.05 on Monday, reaching $28.40. 300,844 shares of the stock were exchanged, compared to its average volume of 324,464. Beazer Homes USA, Inc. has a fifty-two week low of $18.50 and a fifty-two week high of $35.93. The firm has a market capitalization of $896.02 million, a PE ratio of 5.62 and a beta of 2.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 13.95 and a quick ratio of 1.32. The company's 50-day moving average price is $29.88 and its 200 day moving average price is $29.47.

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

Analysts Set New Price Targets

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

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.