Raymond James Financial Inc. Takes $1.22 Million Position in Beazer Homes USA, Inc. (NYSE:BZH)

Raymond James Financial Inc. purchased a new position in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in Beazer Homes USA in the 4th quarter worth approximately $4,149,000. Renaissance Technologies LLC purchased a new position in Beazer Homes USA in the 4th quarter worth approximately $2,618,000. Peregrine Capital Management LLC boosted its stake in shares of Beazer Homes USA by 43.8% during the fourth quarter. Peregrine Capital Management LLC now owns 211,010 shares of the construction company's stock valued at $5,794,000 after purchasing an additional 64,240 shares during the period. Boston Partners grew its holdings in shares of Beazer Homes USA by 5.1% in the fourth quarter. Boston Partners now owns 1,123,125 shares of the construction company's stock worth $30,946,000 after purchasing an additional 54,959 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of Beazer Homes USA by 9.1% in the fourth quarter. First Eagle Investment Management LLC now owns 612,158 shares of the construction company's stock worth $16,810,000 after buying an additional 51,027 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BZH. Wedbush reissued an "outperform" rating and issued a $41.00 target price (down from $45.00) on shares of Beazer Homes USA in a research note on Friday. 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. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Beazer Homes USA currently has an average rating of "Hold" and an average target price of $37.00.

Beazer Homes USA Price Performance

Beazer Homes USA stock traded down $0.44 during midday trading on Tuesday, reaching $20.76. 375,821 shares of the stock traded hands, compared to its average volume of 392,983. The stock's fifty day moving average is $20.43 and its 200-day moving average is $25.98. Beazer Homes USA, Inc. has a 12 month low of $17.37 and a 12 month high of $38.22. The stock has a market cap of $629.09 million, a P/E ratio of 5.28, a PEG ratio of 0.35 and a beta of 2.20. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The construction company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.16. The business had revenue of $565.34 million during the quarter, compared to the consensus estimate of $543.60 million. Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 earnings per share. As a group, equities research analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current 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.