Creative Planning Acquires Shares of 8,360 Beazer Homes USA, Inc. (NYSE:BZH)

Creative Planning acquired a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,360 shares of the construction company’s stock, valued at approximately $286,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BZH. Donald Smith & CO. Inc. raised its stake in Beazer Homes USA by 4.9% in the 2nd quarter. Donald Smith & CO. Inc. now owns 3,086,874 shares of the construction company’s stock worth $84,827,000 after purchasing an additional 143,663 shares in the last quarter. Boston Partners acquired a new stake in shares of Beazer Homes USA in the first quarter valued at approximately $15,411,000. First Eagle Investment Management LLC boosted its stake in shares of Beazer Homes USA by 27.8% in the second quarter. First Eagle Investment Management LLC now owns 459,645 shares of the construction company’s stock valued at $12,631,000 after buying an additional 99,959 shares during the period. Carlson Capital L P boosted its stake in shares of Beazer Homes USA by 63.9% in the first quarter. Carlson Capital L P now owns 333,600 shares of the construction company’s stock valued at $10,942,000 after buying an additional 130,100 shares during the period. Finally, EMG Holdings L.P. increased its stake in Beazer Homes USA by 12.9% during the 2nd quarter. EMG Holdings L.P. now owns 247,349 shares of the construction company’s stock worth $6,797,000 after acquiring an additional 28,208 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analysts Set New Price Targets

BZH has been the subject of several recent analyst reports. Zelman & Associates reaffirmed an “underperform” rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. StockNews.com lowered shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Wedbush upgraded Beazer Homes USA from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $41.00 to $45.00 in a research note on Thursday, September 5th. Finally, B. Riley reduced their target price on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $39.67.

Beazer Homes USA Price Performance

BZH stock opened at $33.48 on Friday. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 7.22, a P/E/G ratio of 1.38 and a beta of 2.18. The company has a debt-to-equity ratio of 0.91, a current ratio of 12.42 and a quick ratio of 0.92. The company has a 50 day simple moving average of $32.27 and a 200 day simple moving average of $30.13. Beazer Homes USA, Inc. has a 1 year low of $25.48 and a 1 year high of $35.20.

Beazer Homes USA Company 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.