Connor Clark & Lunn Investment Management Ltd. Invests $273,000 in Beazer Homes USA, Inc. (NYSE:BZH)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Beazer Homes USA, Inc. (NYSE:BZHGet Rating) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 22,587 shares of the construction company’s stock, valued at approximately $273,000. Connor Clark & Lunn Investment Management Ltd. owned 0.07% of Beazer Homes USA as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Los Angeles Capital Management LLC grew its holdings in shares of Beazer Homes USA by 43.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 161,354 shares of the construction company’s stock worth $1,948,000 after purchasing an additional 49,190 shares during the period. Winslow Asset Management Inc. boosted its holdings in Beazer Homes USA by 1.4% in the 2nd quarter. Winslow Asset Management Inc. now owns 550,101 shares of the construction company’s stock worth $6,640,000 after acquiring an additional 7,620 shares during the period. SG Americas Securities LLC purchased a new position in Beazer Homes USA in the 2nd quarter worth approximately $232,000. Total Clarity Wealth Management Inc. boosted its holdings in Beazer Homes USA by 7.8% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 57,681 shares of the construction company’s stock worth $696,000 after acquiring an additional 4,155 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Beazer Homes USA by 22.2% in the 2nd quarter. National Bank of Canada FI now owns 3,612 shares of the construction company’s stock worth $44,000 after acquiring an additional 655 shares during the period. Hedge funds and other institutional investors own 78.40% of the company’s stock.

Analysts Set New Price Targets

BZH has been the subject of a number of analyst reports. StockNews.com initiated coverage on Beazer Homes USA in a report on Wednesday, October 12th. They issued a “hold” rating for the company. B. Riley decreased their price target on Beazer Homes USA from $19.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, October 18th.

Beazer Homes USA Stock Performance

Beazer Homes USA stock opened at $12.98 on Friday. The stock has a market cap of $405.88 million, a P/E ratio of 1.81 and a beta of 2.06. The company has a current ratio of 13.55, a quick ratio of 0.80 and a debt-to-equity ratio of 1.23. The stock has a 50 day moving average of $11.30 and a 200-day moving average of $13.33. Beazer Homes USA, Inc. has a 52 week low of $9.47 and a 52 week high of $23.97.

Beazer Homes USA (NYSE:BZHGet Rating) last released its earnings results on Thursday, November 10th. The construction company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.06 by $0.76. The company had revenue of $827.60 million during the quarter, compared to analysts’ expectations of $718.55 million. Beazer Homes USA had a return on equity of 23.23% and a net margin of 8.76%. The business’s revenue was up 40.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 EPS. On average, analysts expect that Beazer Homes USA, Inc. will post 5.07 EPS for the current fiscal year.

About Beazer Homes USA

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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 sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Maryland, Indiana, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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

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