Beazer Homes USA, Inc. (NYSE:BZH) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 31.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,306 shares of the construction company’s stock after buying an additional 25,484 shares during the quarter. JPMorgan Chase & Co. owned about 0.34% of Beazer Homes USA worth $2,892,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Beazer Homes USA by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,828,558 shares of the construction company’s stock valued at $50,212,000 after purchasing an additional 22,033 shares during the last quarter. Boston Partners lifted its holdings in shares of Beazer Homes USA by 5.1% during the fourth quarter. Boston Partners now owns 1,123,125 shares of the construction company’s stock worth $30,946,000 after purchasing an additional 54,959 shares during the period. First Eagle Investment Management LLC boosted its position in 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 valued at $16,810,000 after buying an additional 51,027 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Beazer Homes USA by 13.2% in the 4th quarter. Victory Capital Management Inc. now owns 255,113 shares of the construction company’s stock worth $7,005,000 after buying an additional 29,660 shares during the period. Finally, Royce & Associates LP raised its position in Beazer Homes USA by 16.4% during the 4th quarter. Royce & Associates LP now owns 231,861 shares of the construction company’s stock worth $6,367,000 after buying an additional 32,730 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wedbush reaffirmed an “outperform” rating and issued a $45.00 price objective 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.67.

Beazer Homes USA Stock Performance

Shares of NYSE BZH opened at $19.01 on Wednesday. The company has a market capitalization of $593.17 million, a PE ratio of 4.84, a price-to-earnings-growth ratio of 0.35 and a beta of 2.05. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52. The company’s fifty day moving average price is $21.20 and its 200 day moving average price is $26.82. Beazer Homes USA, Inc. has a 1 year low of $17.37 and a 1 year high of $38.22.

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 return on equity of 10.12% and a net margin of 5.04%. On average, research analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

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.