Donald Smith & CO. Inc. Acquires 958,814 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Donald Smith & CO. Inc. increased its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 58.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,586,642 shares of the construction company’s stock after acquiring an additional 958,814 shares during the period. Beazer Homes USA makes up 2.2% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 18th largest holding. Donald Smith & CO. Inc. owned about 8.20% of Beazer Homes USA worth $87,403,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Beazer Homes USA in the 4th quarter worth about $24,971,000. Vanguard Group Inc. lifted its stake in shares of Beazer Homes USA by 31.2% in the third quarter. Vanguard Group Inc. now owns 2,194,979 shares of the construction company’s stock worth $54,677,000 after buying an additional 521,596 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Beazer Homes USA by 152.0% during the third quarter. Invesco Ltd. now owns 485,318 shares of the construction company’s stock valued at $12,089,000 after buying an additional 292,706 shares during the last quarter. Quantedge Capital Pte Ltd increased its position in shares of Beazer Homes USA by 792.0% during the third quarter. Quantedge Capital Pte Ltd now owns 256,900 shares of the construction company’s stock valued at $6,399,000 after acquiring an additional 228,100 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Beazer Homes USA by 3,734.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 200,802 shares of the construction company’s stock worth $5,002,000 after acquiring an additional 195,565 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Stock Performance

BZH stock traded down $0.05 during midday trading on Monday, reaching $28.40. 300,967 shares of the company’s stock traded hands, compared to its average volume of 324,464. The stock’s 50-day moving average is $29.89 and its 200 day moving average is $29.43. The stock has a market cap of $896.02 million, a P/E ratio of 5.67 and a beta of 2.24. Beazer Homes USA, Inc. has a 52-week low of $18.50 and a 52-week high of $35.93. The company has a current ratio of 13.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.87.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, February 1st. The construction company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). The company had revenue of $386.80 million during the quarter, compared to the consensus estimate of $420.71 million. Beazer Homes USA had a return on equity of 14.09% and a net margin of 7.26%. Beazer Homes USA’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. As a group, analysts anticipate that Beazer Homes USA, Inc. will post 4.66 EPS for the current year.

Analyst Upgrades and Downgrades

BZH has been the subject of several recent analyst reports. Wedbush boosted their price target on Beazer Homes USA from $32.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. StockNews.com raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Friday, March 29th.

Beazer Homes USA 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.