Peregrine Capital Management LLC Buys 64,240 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Peregrine Capital Management LLC boosted its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 43.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 211,010 shares of the construction company’s stock after purchasing an additional 64,240 shares during the quarter. Peregrine Capital Management LLC’s holdings in Beazer Homes USA were worth $5,794,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Donald Smith & CO. Inc. lifted its stake in shares of Beazer Homes USA by 1.5% during the third quarter. Donald Smith & CO. Inc. now owns 3,132,427 shares of the construction company’s stock valued at $107,035,000 after acquiring an additional 45,553 shares during the period. Assenagon Asset Management S.A. raised its holdings in Beazer Homes USA by 52.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 545,983 shares of the construction company’s stock worth $18,656,000 after purchasing an additional 188,084 shares during the last quarter. Winslow Asset Management Inc. lifted its position in Beazer Homes USA by 0.4% during the 3rd quarter. Winslow Asset Management Inc. now owns 491,330 shares of the construction company’s stock valued at $16,789,000 after purchasing an additional 1,717 shares during the period. Mill Road Capital Management LLC boosted its stake in shares of Beazer Homes USA by 89.1% in the 3rd quarter. Mill Road Capital Management LLC now owns 368,069 shares of the construction company’s stock valued at $12,577,000 after purchasing an additional 173,474 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Beazer Homes USA by 711.4% during the 3rd quarter. Victory Capital Management Inc. now owns 225,453 shares of the construction company’s stock worth $7,704,000 after buying an additional 197,666 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wedbush restated an “outperform” rating and issued a $45.00 price objective on shares of Beazer Homes USA in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Beazer Homes USA currently has an average rating of “Hold” and a consensus target price of $39.67.

Beazer Homes USA Trading Down 3.6 %

NYSE:BZH opened at $24.20 on Wednesday. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. Beazer Homes USA, Inc. has a 1-year low of $20.66 and a 1-year high of $38.22. The firm has a market capitalization of $754.96 million, a price-to-earnings ratio of 6.16, a PEG ratio of 0.32 and a beta of 2.22. The business’s 50-day moving average price is $26.90 and its two-hundred day moving average price is $30.16.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, January 30th. The construction company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. On average, equities analysts expect that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

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.