Point72 Asset Management L.P. Purchases Shares of 3,666 Beazer Homes USA, Inc. (NYSE:BZH)

Point72 Asset Management L.P. acquired a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,666 shares of the construction company’s stock, valued at approximately $125,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mill Road Capital Management LLC boosted its stake in shares of Beazer Homes USA by 89.1% during the 3rd quarter. Mill Road Capital Management LLC now owns 368,069 shares of the construction company’s stock worth $12,577,000 after acquiring an additional 173,474 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Beazer Homes USA by 783.6% during the third quarter. Janus Henderson Group PLC now owns 123,702 shares of the construction company’s stock valued at $4,227,000 after purchasing an additional 109,702 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Beazer Homes USA in the third quarter valued at about $3,362,000. Verition Fund Management LLC purchased a new stake in shares of Beazer Homes USA during the third quarter worth about $910,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Beazer Homes USA during the 3rd quarter worth about $1,370,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Ratings Changes

BZH has been the subject of several research reports. Zelman & Associates reiterated an “underperform” rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $41.00 to $45.00 in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Beazer Homes USA currently has an average rating of “Hold” and an average price target of $39.67.

Beazer Homes USA Stock Down 2.9 %

NYSE BZH opened at $30.72 on Friday. The business’s fifty day simple moving average is $32.73 and its 200-day simple moving average is $31.01. The company has a quick ratio of 1.87, a current ratio of 14.29 and a debt-to-equity ratio of 0.83. The firm has a market cap of $953.86 million, a PE ratio of 6.79, a P/E/G ratio of 0.36 and a beta of 2.19. Beazer Homes USA, Inc. has a 52 week low of $25.48 and a 52 week high of $38.22.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Wednesday, November 13th. The construction company reported $1.69 EPS 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 company had revenue of $806.20 million for the quarter, compared to the consensus estimate of $775.42 million. During the same period in the previous year, the firm earned $1.80 earnings per share. Beazer Homes USA’s quarterly revenue was up 24.9% compared to the same quarter last year. As a group, equities analysts anticipate that Beazer Homes USA, Inc. will post 4.44 earnings per share for the current year.

Insider Activity

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total transaction of $194,187.42. Following the completion of the sale, the chief financial officer now owns 131,004 shares of the company’s stock, valued at $4,199,988.24. This trade represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.99% of the company’s stock.

About Beazer Homes USA

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.