Systematic Financial Management LP Acquires New Stake in Beazer Homes USA, Inc. (NYSE:BZH)

Systematic Financial Management LP bought a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH) during the 3rd quarter, Holdings Channel.com reports. The firm bought 5,339 shares of the construction company’s stock, valued at approximately $182,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Beazer Homes USA by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,780 shares of the construction company’s stock worth $584,000 after acquiring an additional 943 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Beazer Homes USA by 10.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,982 shares of the construction company’s stock worth $274,000 after purchasing an additional 967 shares during the last quarter. Summit Global Investments lifted its position in shares of Beazer Homes USA by 4.4% in the 2nd quarter. Summit Global Investments now owns 43,362 shares of the construction company’s stock worth $1,192,000 after purchasing an additional 1,841 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Beazer Homes USA by 6.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 152,545 shares of the construction company’s stock valued at $4,192,000 after purchasing an additional 9,561 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Beazer Homes USA by 25.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 88,817 shares of the construction company’s stock valued at $2,441,000 after purchasing an additional 17,790 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Beazer Homes USA

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of the sale, the chief financial officer now owns 131,004 shares of the company’s stock, valued at approximately $4,199,988.24. This trade represents a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.99% of the stock is currently owned by corporate insiders.

Beazer Homes USA Stock Performance

NYSE:BZH opened at $32.27 on Friday. The company has a quick ratio of 1.87, a current ratio of 14.29 and a debt-to-equity ratio of 0.83. Beazer Homes USA, Inc. has a twelve month low of $25.48 and a twelve month high of $38.22. The company has a fifty day moving average of $32.84 and a 200-day moving average of $30.89. The firm has a market capitalization of $1.00 billion, a P/E ratio of 7.12, a P/E/G ratio of 0.39 and a beta of 2.19.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Wednesday, November 13th. The construction company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.34. The firm had revenue of $806.20 million during the quarter, compared to the consensus estimate of $775.42 million. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%. The business’s revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.80 earnings per share. As a group, sell-side analysts anticipate that Beazer Homes USA, Inc. will post 4.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BZH shares. Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $41.00 to $45.00 in a report on Thursday, September 5th. Zelman & Associates reissued an “underperform” rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat, Beazer Homes USA currently has a consensus rating of “Hold” and an average target price of $39.67.

Beazer Homes USA Company 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.