Beazer Homes USA, Inc. (NYSE:BZH) Shares Purchased by Millennium Management LLC

Millennium Management LLC boosted its position in Beazer Homes USA, Inc. (NYSE:BZH) by 59.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,360 shares of the construction company’s stock after buying an additional 6,831 shares during the period. Millennium Management LLC owned approximately 0.06% of Beazer Homes USA worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of BZH. Sterling Capital Management LLC lifted its position in shares of Beazer Homes USA by 776.2% during the 4th quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock valued at $25,000 after buying an additional 815 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Beazer Homes USA by 4.8% during the 4th quarter. MetLife Investment Management LLC now owns 18,234 shares of the construction company’s stock valued at $501,000 after acquiring an additional 835 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Beazer Homes USA by 9.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,807 shares of the construction company’s stock valued at $572,000 after acquiring an additional 1,757 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Beazer Homes USA by 14.4% in the 4th quarter. Sanctuary Advisors LLC now owns 17,766 shares of the construction company’s stock valued at $492,000 after buying an additional 2,230 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Beazer Homes USA by 61.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,018 shares of the construction company’s stock valued at $165,000 after buying an additional 2,290 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

BZH has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and set a $41.00 target price (down previously from $45.00) on shares of Beazer Homes USA in a research report on Friday, May 2nd. Oppenheimer reissued an “outperform” rating and issued a $33.00 target price (down previously from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $37.00.

Insider Transactions at Beazer Homes USA

In other news, Director John J. Kelley III bought 10,000 shares of the stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $21.50 per share, for a total transaction of $215,000.00. Following the completion of the purchase, the director now directly owns 15,917 shares of the company’s stock, valued at $342,215.50. This trade represents a 169.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.52% of the stock is owned by insiders.

Beazer Homes USA Price Performance

Shares of NYSE BZH opened at $21.36 on Monday. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22. The business has a 50 day moving average price of $20.26 and a two-hundred day moving average price of $24.18. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87. The firm has a market cap of $647.24 million, a PE ratio of 5.43, a price-to-earnings-growth ratio of 0.35 and a beta of 2.09.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Thursday, May 1st. The construction company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.26 by $0.16. The company had revenue of $565.34 million during the quarter, compared to analyst estimates of $543.60 million. Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 EPS. Sell-side analysts expect that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal 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.