5,400 Shares in Beazer Homes USA, Inc. (NYSE:BZH) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,400 shares of the construction company’s stock, valued at approximately $148,000.

Other institutional investors have also added to or reduced their stakes in the company. Boston Partners grew its stake in shares of Beazer Homes USA by 5.1% during the 4th quarter. Boston Partners now owns 1,123,125 shares of the construction company’s stock valued at $30,946,000 after acquiring an additional 54,959 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Beazer Homes USA by 9.1% in the fourth quarter. First Eagle Investment Management LLC now owns 612,158 shares of the construction company’s stock worth $16,810,000 after purchasing an additional 51,027 shares during the period. Victory Capital Management Inc. increased its stake in shares of Beazer Homes USA by 13.2% in the fourth quarter. Victory Capital Management Inc. now owns 255,113 shares of the construction company’s stock worth $7,005,000 after purchasing an additional 29,660 shares in the last quarter. Royce & Associates LP raised its position in shares of Beazer Homes USA by 16.4% during the 4th quarter. Royce & Associates LP now owns 231,861 shares of the construction company’s stock valued at $6,367,000 after purchasing an additional 32,730 shares during the period. Finally, Peregrine Capital Management LLC lifted its stake in shares of Beazer Homes USA by 43.8% during the 4th quarter. Peregrine Capital Management LLC now owns 211,010 shares of the construction company’s stock valued at $5,794,000 after buying an additional 64,240 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wedbush reissued an “outperform” rating and set a $45.00 price target on shares of Beazer Homes USA in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.67.

Beazer Homes USA Price Performance

BZH stock opened at $19.65 on Thursday. The company has a market capitalization of $613.14 million, a PE ratio of 5.00, a price-to-earnings-growth ratio of 0.35 and a beta of 2.05. The company’s fifty day moving average price is $21.98 and its 200-day moving average price is $27.75. Beazer Homes USA, Inc. has a one year low of $17.53 and a one year high of $38.22. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Thursday, January 30th. The construction company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. On average, equities analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

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.