Beazer Homes USA, Inc. (BZH) Stake Lessened by Royce & Associates LP

Royce & Associates LP cut its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 32.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,005,094 shares of the construction company’s stock after selling 479,685 shares during the period. Royce & Associates LP owned about 3.00% of Beazer Homes USA worth $18,835,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in Beazer Homes USA by 141.8% during the third quarter. JPMorgan Chase & Co. now owns 2,474,859 shares of the construction company’s stock valued at $45,587,000 after purchasing an additional 1,451,175 shares during the period. Vanguard Group Inc. lifted its position in shares of Beazer Homes USA by 5.9% during the second quarter. Vanguard Group Inc. now owns 1,687,887 shares of the construction company’s stock worth $23,157,000 after acquiring an additional 93,632 shares in the last quarter. Brandes Investment Partners LP lifted its position in shares of Beazer Homes USA by 4.0% during the second quarter. Brandes Investment Partners LP now owns 1,364,837 shares of the construction company’s stock worth $18,726,000 after acquiring an additional 51,962 shares in the last quarter. Northern Trust Corp lifted its position in shares of Beazer Homes USA by 3.3% during the second quarter. Northern Trust Corp now owns 835,998 shares of the construction company’s stock worth $11,470,000 after acquiring an additional 26,737 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Beazer Homes USA by 55.6% during the third quarter. Dimensional Fund Advisors LP now owns 651,056 shares of the construction company’s stock worth $12,200,000 after acquiring an additional 232,516 shares in the last quarter. 83.48% of the stock is owned by institutional investors and hedge funds.

Shares of Beazer Homes USA, Inc. (NYSE:BZH) opened at $19.96 on Monday. The company has a current ratio of 18.20, a quick ratio of 3.30 and a debt-to-equity ratio of 1.95. Beazer Homes USA, Inc. has a 12-month low of $11.18 and a 12-month high of $23.24. The stock has a market capitalization of $668.91, a price-to-earnings ratio of 15.84 and a beta of 2.69.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Tuesday, November 14th. The construction company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.50. Beazer Homes USA had a return on equity of 6.29% and a net margin of 1.66%. The company had revenue of $673.00 million for the quarter, compared to the consensus estimate of $645.17 million. During the same quarter last year, the business posted $0.45 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. sell-side analysts forecast that Beazer Homes USA, Inc. will post 1.33 EPS for the current year.

Several equities research analysts have issued reports on the company. TheStreet upgraded Beazer Homes USA from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research report on Monday, November 20th. J P Morgan Chase & Co upgraded Beazer Homes USA from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $14.50 to $21.00 in a research report on Thursday, September 14th. Credit Suisse Group restated a “neutral” rating and set a $21.00 target price (up previously from $15.00) on shares of Beazer Homes USA in a research report on Monday, November 20th. Finally, ValuEngine downgraded Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Beazer Homes USA presently has a consensus rating of “Hold” and a consensus target price of $18.50.

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About Beazer Homes USA

Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.

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

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