Allianz Asset Management GmbH Has $8.91 Million Stock Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

Allianz Asset Management GmbH raised its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZHFree Report) by 92.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 263,547 shares of the construction company’s stock after purchasing an additional 126,551 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.84% of Beazer Homes USA worth $8,905,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. USA Financial Formulas lifted its holdings in Beazer Homes USA by 4,947.1% during the 4th quarter. USA Financial Formulas now owns 858 shares of the construction company’s stock valued at $29,000 after purchasing an additional 841 shares during the last quarter. AJOVista LLC acquired a new stake in shares of Beazer Homes USA during the fourth quarter worth $37,000. Aigen Investment Management LP acquired a new stake in shares of Beazer Homes USA during the fourth quarter worth $201,000. Edmonds Duncan Registered Investment Advisors LLC acquired a new stake in shares of Beazer Homes USA during the fourth quarter worth $217,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Beazer Homes USA by 27.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 6,857 shares of the construction company’s stock worth $232,000 after buying an additional 1,494 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Stock Up 2.2 %

Shares of NYSE BZH opened at $29.35 on Tuesday. Beazer Homes USA, Inc. has a 52 week low of $21.05 and a 52 week high of $35.93. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 13.50. The stock’s fifty day moving average is $28.76 and its 200 day moving average is $29.89. The stock has a market capitalization of $925.99 million, a P/E ratio of 5.67 and a beta of 2.15.

Beazer Homes USA (NYSE:BZHGet Free Report) last released its earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.35. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The firm had revenue of $541.50 million for the quarter, compared to analysts’ expectations of $569.88 million. During the same quarter in the previous year, the business posted $1.13 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. Sell-side analysts forecast that Beazer Homes USA, Inc. will post 4.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

BZH has been the subject of a number of research reports. Wedbush reissued a “neutral” rating and set a $33.00 target price on shares of Beazer Homes USA in a report on Thursday, May 2nd. Oppenheimer initiated coverage on Beazer Homes USA in a report on Friday. They set an “outperform” rating and a $37.00 target price for the company. Finally, raised Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.00.

Get Our Latest Stock Analysis on BZH

Insider Activity

In other news, EVP Keith L. Belknap, Jr. sold 15,000 shares of Beazer Homes USA stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $28.31, for a total transaction of $424,650.00. Following the sale, the executive vice president now directly owns 195,819 shares of the company’s stock, valued at $5,543,635.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.99% of the company’s stock.

About Beazer Homes USA

(Free Report)

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.

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

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