Assenagon Asset Management S.A. Has $3.93 Million Stock Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

Assenagon Asset Management S.A. boosted its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 0.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 192,951 shares of the construction company’s stock after buying an additional 872 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.62% of Beazer Homes USA worth $3,934,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BZH. Mill Road Capital Management LLC lifted its holdings in Beazer Homes USA by 81.0% during the 4th quarter. Mill Road Capital Management LLC now owns 666,058 shares of the construction company’s stock worth $18,290,000 after buying an additional 297,989 shares in the last quarter. Norges Bank acquired a new position in Beazer Homes USA during the 4th quarter worth $4,149,000. Algert Global LLC lifted its holdings in Beazer Homes USA by 582.0% during the 4th quarter. Algert Global LLC now owns 160,008 shares of the construction company’s stock worth $4,394,000 after buying an additional 136,548 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Beazer Homes USA during the 4th quarter worth $2,618,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Beazer Homes USA during the 4th quarter worth $2,077,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

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

Beazer Homes USA Stock Performance

BZH stock opened at $21.47 on Monday. The business’s fifty day moving average is $20.53 and its 200-day moving average is $23.74. 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 $650.70 million, a P/E ratio of 5.46, a price-to-earnings-growth ratio of 0.35 and a beta of 2.09. Beazer Homes USA, Inc. has a twelve month low of $17.37 and a twelve month high of $38.22.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data 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 business had revenue of $565.34 million for the quarter, compared to the consensus estimate of $543.60 million. Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 EPS. Equities research analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Insider Buying and Selling

In other Beazer Homes USA news, Director John J. Kelley III acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average price of $21.50 per share, with a total value of $215,000.00. Following the purchase, the director now owns 15,917 shares of the company’s stock, valued at $342,215.50. This represents a 169.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.52% of the stock is currently 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.