UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Position in Beazer Homes USA, Inc. (NYSE:BZH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 40.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,285 shares of the construction company’s stock after purchasing an additional 16,923 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.19% of Beazer Homes USA worth $1,601,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Empowered Funds LLC raised its position in shares of Beazer Homes USA by 5.1% during the 4th quarter. Empowered Funds LLC now owns 170,465 shares of the construction company’s stock valued at $4,681,000 after buying an additional 8,248 shares during the period. Focus Financial Network Inc. acquired a new position in shares of Beazer Homes USA in the 4th quarter valued at $275,000. Rhumbline Advisers grew its holdings in shares of Beazer Homes USA by 36.2% during the 4th quarter. Rhumbline Advisers now owns 63,727 shares of the construction company’s stock worth $1,750,000 after purchasing an additional 16,933 shares during the period. Sanctuary Advisors LLC increased its position in shares of Beazer Homes USA by 14.4% during the 4th quarter. Sanctuary Advisors LLC now owns 17,766 shares of the construction company’s stock worth $492,000 after purchasing an additional 2,230 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its holdings in Beazer Homes USA by 43.8% in 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 during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Beazer Homes USA Stock Performance

NYSE:BZH opened at $21.36 on Monday. Beazer Homes USA, Inc. has a 52 week low of $17.37 and a 52 week high of $38.22. The company has a fifty day simple moving average of $20.26 and a two-hundred day simple moving average 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 company has a market cap of $647.24 million, a price-to-earnings 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 posted its quarterly 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 analysts’ expectations of $543.60 million. Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.26 EPS. As a group, equities analysts anticipate that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BZH. Wedbush reissued an “outperform” rating and issued a $41.00 price target (down from $45.00) on shares of Beazer Homes USA in a research note on Friday, May 2nd. Oppenheimer restated an “outperform” rating and set a $33.00 price target (down from $37.00) on shares of Beazer Homes USA in a research report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.00.

Insider Buying and Selling

In related news, Director John J. Kelley III purchased 10,000 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average price of $21.50 per share, with a total value of $215,000.00. Following the completion of the acquisition, the director now directly owns 15,917 shares in the company, valued at $342,215.50. This represents a 169.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.52% of the stock is owned by company insiders.

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.