Connor Clark & Lunn Investment Management Ltd. Sells 13,686 Shares of Beazer Homes USA, Inc. $BZH

Connor Clark & Lunn Investment Management Ltd. decreased its position in Beazer Homes USA, Inc. (NYSE:BZH) by 14.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,321 shares of the construction company’s stock after selling 13,686 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.27% of Beazer Homes USA worth $1,797,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BZH. Penserra Capital Management LLC lifted its holdings in Beazer Homes USA by 32.9% during the second quarter. Penserra Capital Management LLC now owns 11,676 shares of the construction company’s stock worth $261,000 after acquiring an additional 2,888 shares during the period. Versor Investments LP purchased a new position in shares of Beazer Homes USA in the 2nd quarter worth about $634,000. Peregrine Capital Management LLC grew its position in Beazer Homes USA by 19.4% during the second quarter. Peregrine Capital Management LLC now owns 238,903 shares of the construction company’s stock valued at $5,344,000 after buying an additional 38,832 shares during the period. Teacher Retirement System of Texas purchased a new stake in Beazer Homes USA during the second quarter worth about $1,548,000. Finally, AlphaQuest LLC increased its holdings in Beazer Homes USA by 58.3% during the second quarter. AlphaQuest LLC now owns 4,300 shares of the construction company’s stock worth $96,000 after buying an additional 1,583 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BZH has been the topic of a number of recent research reports. Oppenheimer reaffirmed an “outperform” rating and set a $30.00 price target (down previously from $33.00) on shares of Beazer Homes USA in a research report on Monday, August 4th. Wedbush reiterated an “outperform” rating and set a $41.00 target price on shares of Beazer Homes USA in a research report on Friday, August 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Beazer Homes USA in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.33.

Beazer Homes USA Trading Up 2.3%

Shares of NYSE BZH opened at $21.88 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 13.33 and a quick ratio of 0.91. The firm has a 50-day moving average of $23.69 and a 200 day moving average of $23.28. Beazer Homes USA, Inc. has a 1 year low of $17.37 and a 1 year high of $36.72. The stock has a market cap of $650.46 million, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 0.61 and a beta of 2.16.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Thursday, November 13th. The construction company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.80 by $0.27. Beazer Homes USA had a net margin of 2.84% and a return on equity of 6.16%. The company had revenue of $791.90 million for the quarter, compared to the consensus estimate of $674.80 million. During the same period in the prior year, the firm posted $1.69 EPS. Beazer Homes USA’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, sell-side analysts expect that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Beazer Homes USA 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.