Russell Investments Group Ltd. Raises Position in Beazer Homes USA, Inc. (BZH)

Russell Investments Group Ltd. increased its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 24.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 149,447 shares of the construction company’s stock after acquiring an additional 29,354 shares during the quarter. Russell Investments Group Ltd. owned about 0.45% of Beazer Homes USA worth $2,801,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BZH. Teachers Advisors LLC boosted its position in shares of Beazer Homes USA by 3.2% during the first quarter. Teachers Advisors LLC now owns 61,075 shares of the construction company’s stock worth $741,000 after acquiring an additional 1,910 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Beazer Homes USA by 19.4% during the first quarter. Vanguard Group Inc. now owns 1,594,255 shares of the construction company’s stock worth $19,339,000 after acquiring an additional 258,694 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Beazer Homes USA by 8.1% during the first quarter. Geode Capital Management LLC now owns 251,019 shares of the construction company’s stock worth $3,044,000 after acquiring an additional 18,821 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Beazer Homes USA by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 419,250 shares of the construction company’s stock worth $5,085,000 after acquiring an additional 8,080 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Beazer Homes USA by 5.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 114,516 shares of the construction company’s stock worth $1,390,000 after acquiring an additional 5,643 shares during the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

BZH has been the subject of a number of research reports. TheStreet upgraded shares of Beazer Homes USA from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. ValuEngine lowered shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Tuesday, November 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, J P Morgan Chase & Co upgraded shares of Beazer Homes USA from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $14.50 to $21.00 in a research report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Beazer Homes USA presently has a consensus rating of “Hold” and an average target price of $18.50.

Shares of Beazer Homes USA, Inc. (NYSE:BZH) opened at $19.59 on Tuesday. The stock has a market cap of $635.06, a price-to-earnings ratio of 15.04 and a beta of 2.69. The company has a debt-to-equity ratio of 1.95, a quick ratio of 3.30 and a current ratio of 18.20. Beazer Homes USA, Inc. has a 12 month low of $11.18 and a 12 month high of $23.24.

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

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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.

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

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