Federated Investors Inc. PA increased its position in Beazer Homes USA, Inc. (NYSE:BZH) by 313.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,336 shares of the construction company’s stock after buying an additional 27,553 shares during the period. Federated Investors Inc. PA owned approximately 0.11% of Beazer Homes USA worth $483,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Acrospire Investment Management LLC increased its position in shares of Beazer Homes USA by 14.7% in the third quarter. Acrospire Investment Management LLC now owns 10,115 shares of the construction company’s stock worth $118,000 after buying an additional 1,300 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Beazer Homes USA during the third quarter worth approximately $170,000. First Trust Advisors LP bought a new position in shares of Beazer Homes USA during the third quarter worth approximately $210,000. New Jersey Better Educational Savings Trust increased its position in shares of Beazer Homes USA by 4.5% in the third quarter. New Jersey Better Educational Savings Trust now owns 46,000 shares of the construction company’s stock worth $536,000 after buying an additional 2,000 shares in the last quarter. Finally, ClariVest Asset Management LLC increased its position in shares of Beazer Homes USA by 76.6% in the third quarter. ClariVest Asset Management LLC now owns 70,107 shares of the construction company’s stock worth $817,000 after buying an additional 30,407 shares in the last quarter. Institutional investors and hedge funds own 81.83% of the company’s stock.
Shares of Beazer Homes USA, Inc. (NYSE:BZH) traded up 0.41% during midday trading on Friday, hitting $12.39. 237,624 shares of the stock traded hands. The company has a market cap of $396.10 million, a price-to-earnings ratio of 182.21 and a beta of 2.92. The stock has a 50-day moving average of $12.01 and a 200-day moving average of $12.54. Beazer Homes USA, Inc. has a 52-week low of $6.81 and a 52-week high of $15.80.
Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, February 9th. The construction company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.02. The firm earned $339 million during the quarter, compared to analysts’ expectations of $339.32 million. Beazer Homes USA had a net margin of 0.12% and a return on equity of 3.84%. Beazer Homes USA’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.02) earnings per share. On average, equities analysts predict that Beazer Homes USA, Inc. will post $0.71 earnings per share for the current fiscal year.
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Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Tuesday, January 24th. Wedbush reaffirmed a “neutral” rating and issued a $15.00 price target on shares of Beazer Homes USA in a research report on Tuesday, February 7th.
In other news, Director Danny R. Shepherd bought 3,858 shares of Beazer Homes USA stock in a transaction on Friday, February 10th. The shares were bought at an average cost of $12.96 per share, for a total transaction of $49,999.68. Following the acquisition, the director now owns 11,851 shares in the company, valued at $153,588.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.60% of the stock is currently owned by corporate insiders.
About Beazer Homes USA
Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.
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