Raymond James Financial Inc. Acquires Shares of 44,298 Beazer Homes USA, Inc. (NYSE:BZH)

Raymond James Financial Inc. purchased a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,298 shares of the construction company's stock, valued at approximately $1,216,000. Raymond James Financial Inc. owned approximately 0.14% of Beazer Homes USA as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Focus Financial Network Inc. bought a new position in shares of Beazer Homes USA during the 4th quarter valued at $275,000. Ritholtz Wealth Management lifted its position in shares of Beazer Homes USA by 26.4% during the 4th quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company's stock valued at $689,000 after acquiring an additional 5,235 shares during the period. Norges Bank bought a new position in Beazer Homes USA in the 4th quarter valued at approximately $4,149,000. Proficio Capital Partners LLC bought a new position in shares of Beazer Homes USA during the fourth quarter worth about $304,000. Finally, JPMorgan Chase & Co. increased its position in Beazer Homes USA by 31.9% in the 4th quarter. JPMorgan Chase & Co. now owns 105,306 shares of the construction company's stock valued at $2,892,000 after buying an additional 25,484 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Beazer Homes USA Price Performance

Shares of BZH remained flat at $21.50 during mid-day trading on Friday. 67,942 shares of the stock were exchanged, compared to its average volume of 390,788. 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 $651.51 million, a price-to-earnings ratio of 5.47, a price-to-earnings-growth ratio of 0.35 and a beta of 2.20. Beazer Homes USA, Inc. has a 12 month low of $17.37 and a 12 month high of $38.22. The firm has a 50-day moving average of $20.37 and a two-hundred day moving average of $25.84.

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

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.