Beazer Homes USA, Inc. (NYSE:BZH) Shares Bought by Mill Road Capital Management LLC

Mill Road Capital Management LLC lifted its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 89.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 368,069 shares of the construction company’s stock after acquiring an additional 173,474 shares during the period. Beazer Homes USA makes up approximately 6.0% of Mill Road Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Mill Road Capital Management LLC owned about 1.18% of Beazer Homes USA worth $12,577,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. 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 purchasing an additional 197,666 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Beazer Homes USA by 52.6% during the third quarter. Assenagon Asset Management S.A. now owns 545,983 shares of the construction company’s stock worth $18,656,000 after buying an additional 188,084 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in Beazer Homes USA by 4.9% during the 2nd quarter. Donald Smith & CO. Inc. now owns 3,086,874 shares of the construction company’s stock worth $84,827,000 after acquiring an additional 143,663 shares during the period. Janus Henderson Group PLC raised its holdings in Beazer Homes USA by 783.6% in the 3rd quarter. Janus Henderson Group PLC now owns 123,702 shares of the construction company’s stock valued at $4,227,000 after acquiring an additional 109,702 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in Beazer Homes USA by 27.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 459,645 shares of the construction company’s stock valued at $12,631,000 after acquiring an additional 99,959 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Beazer Homes USA Trading Down 0.5 %

BZH opened at $34.73 on Wednesday. The company has a market cap of $1.08 billion, a P/E ratio of 7.67, a PEG ratio of 0.39 and a beta of 2.19. The company has a current ratio of 14.29, a quick ratio of 1.87 and a debt-to-equity ratio of 0.83. The company’s 50 day moving average is $32.84 and its 200-day moving average is $30.83. Beazer Homes USA, Inc. has a 1-year low of $25.48 and a 1-year high of $38.22.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Wednesday, November 13th. The construction company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.34. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%. The firm had revenue of $806.20 million for the quarter, compared to analysts’ expectations of $775.42 million. During the same quarter in the previous year, the firm posted $1.80 earnings per share. The company’s revenue was up 24.9% on a year-over-year basis. Equities research analysts predict that Beazer Homes USA, Inc. will post 4.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of the transaction, the chief financial officer now directly owns 131,004 shares in the company, valued at approximately $4,199,988.24. This represents a 4.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.99% of the company’s stock.

Analysts Set New Price Targets

BZH has been the topic of a number of recent analyst reports. Wedbush upgraded Beazer Homes USA from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $41.00 to $45.00 in a research report on Thursday, September 5th. Zelman & Associates restated an “underperform” rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $39.67.

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.