Point72 Asset Management L.P. Acquires New Stake in Beazer Homes USA, Inc. (NYSE:BZH)

Point72 Asset Management L.P. bought a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 3,666 shares of the construction company’s stock, valued at approximately $125,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BZH. Victory Capital Management Inc. raised its stake in shares of Beazer Homes USA by 711.4% in the third quarter. Victory Capital Management Inc. now owns 225,453 shares of the construction company’s stock valued at $7,704,000 after acquiring an additional 197,666 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Beazer Homes USA by 52.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 545,983 shares of the construction company’s stock worth $18,656,000 after purchasing an additional 188,084 shares during the period. Mill Road Capital Management LLC raised its position in Beazer Homes USA by 89.1% in the 3rd quarter. Mill Road Capital Management LLC now owns 368,069 shares of the construction company’s stock valued at $12,577,000 after purchasing an additional 173,474 shares in the last quarter. Donald Smith & CO. Inc. boosted its stake in shares of Beazer Homes USA by 4.9% in the 2nd quarter. Donald Smith & CO. Inc. now owns 3,086,874 shares of the construction company’s stock valued at $84,827,000 after buying an additional 143,663 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Beazer Homes USA by 783.6% during the third quarter. Janus Henderson Group PLC now owns 123,702 shares of the construction company’s stock worth $4,227,000 after buying an additional 109,702 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO David I. Goldberg sold 6,057 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of the sale, the chief financial officer now directly owns 131,004 shares of the company’s stock, valued at approximately $4,199,988.24. This represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BZH. Wedbush raised shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and raised their target price for the company from $41.00 to $45.00 in a report on Thursday, September 5th. Zelman & Associates restated an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.67.

Beazer Homes USA Price Performance

BZH stock opened at $30.72 on Friday. The business has a 50 day moving average price of $32.73 and a 200 day moving average price of $31.01. The company has a quick ratio of 1.87, a current ratio of 14.29 and a debt-to-equity ratio of 0.83. The stock has a market cap of $953.86 million, a price-to-earnings ratio of 6.79, a PEG ratio of 0.36 and a beta of 2.19. Beazer Homes USA, Inc. has a fifty-two week low of $25.48 and a fifty-two week high of $38.22.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Wednesday, November 13th. The construction company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.34. The business had revenue of $806.20 million during the quarter, compared to the consensus estimate of $775.42 million. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%. The company’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.80 EPS. Equities research analysts anticipate that Beazer Homes USA, Inc. will post 4.44 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.