Bailard Inc. Boosts Stock Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

Bailard Inc. grew its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZHGet Rating) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,500 shares of the construction company’s stock after purchasing an additional 1,000 shares during the quarter. Bailard Inc.’s holdings in Beazer Homes USA were worth $360,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC acquired a new position in Beazer Homes USA in the 1st quarter valued at about $10,786,000. SG Americas Securities LLC purchased a new stake in shares of Beazer Homes USA during the 3rd quarter valued at approximately $371,000. Deutsche Bank AG lifted its holdings in Beazer Homes USA by 4.0% in the third quarter. Deutsche Bank AG now owns 158,619 shares of the construction company’s stock valued at $2,736,000 after acquiring an additional 6,093 shares during the last quarter. Russell Investments Group Ltd. grew its position in Beazer Homes USA by 3.3% in the third quarter. Russell Investments Group Ltd. now owns 168,694 shares of the construction company’s stock worth $2,907,000 after acquiring an additional 5,420 shares during the period. Finally, BlackRock Inc. increased its stake in Beazer Homes USA by 1.7% during the third quarter. BlackRock Inc. now owns 2,728,238 shares of the construction company’s stock worth $47,062,000 after acquiring an additional 46,834 shares during the last quarter. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Shares of Beazer Homes USA stock opened at $16.06 on Wednesday. The stock has a market capitalization of $505.25 million, a price-to-earnings ratio of 2.99 and a beta of 1.92. The company has a debt-to-equity ratio of 1.31, a current ratio of 12.96 and a quick ratio of 1.57. The business has a 50-day moving average of $15.55 and a 200 day moving average of $18.27. Beazer Homes USA, Inc. has a 12 month low of $13.78 and a 12 month high of $24.37.

Beazer Homes USA (NYSE:BZHGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The construction company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.39. The business had revenue of $508.50 million for the quarter, compared to analysts’ expectations of $489.00 million. Beazer Homes USA had a net margin of 7.77% and a return on equity of 22.47%. The business’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. Equities research analysts anticipate that Beazer Homes USA, Inc. will post 6.03 earnings per share for the current year.

Beazer Homes USA announced that its board has initiated a share repurchase plan on Wednesday, May 11th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 10% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Several brokerages have recently commented on BZH. TheStreet lowered Beazer Homes USA from a “b-” rating to a “c” rating in a research note on Tuesday, February 1st. StockNews.com started coverage on shares of Beazer Homes USA in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research upgraded shares of Beazer Homes USA from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a research report on Wednesday, May 4th. Finally, B. Riley began coverage on shares of Beazer Homes USA in a report on Tuesday, May 10th. They issued a “buy” rating and a $23.00 price objective on the stock. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Beazer Homes USA has an average rating of “Buy” and a consensus target price of $22.00.

Beazer Homes USA Profile (Get Rating)

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 sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Maryland, Indiana, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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Institutional Ownership by Quarter for Beazer Homes USA (NYSE:BZH)

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