Beazer Homes USA, Inc. $BZH Shares Newly Acquired by First Trust Capital Management L.P.

First Trust Capital Management L.P. acquired a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,062,853 shares of the construction company’s stock, valued at approximately $35,446,000. Beazer Homes USA makes up about 1.7% of First Trust Capital Management L.P.’s investment portfolio, making the stock its 10th biggest position. First Trust Capital Management L.P. owned 3.98% of Beazer Homes USA at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Donald Smith & CO. Inc. acquired a new stake in shares of Beazer Homes USA in the second quarter valued at about $78,938,000. Dimensional Fund Advisors LP lifted its position in Beazer Homes USA by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company’s stock worth $19,236,000 after acquiring an additional 51,284 shares in the last quarter. Governors Lane LP acquired a new position in Beazer Homes USA during the 2nd quarter worth approximately $6,097,000. Russell Investments Group Ltd. lifted its position in Beazer Homes USA by 0.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 109,474 shares of the construction company’s stock worth $3,651,000 after acquiring an additional 694 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in Beazer Homes USA by 555.9% in the 1st quarter. Empowered Funds LLC now owns 141,377 shares of the construction company’s stock worth $2,720,000 after acquiring an additional 119,822 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

BZH has been the subject of several recent research reports. Weiss Ratings raised shares of Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. Oppenheimer cut shares of Beazer Homes USA from an “outperform” rating to a “market perform” rating in a research report on Friday, August 7th. Texas Capital cut shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Zacks Research downgraded shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Beazer Homes USA presently has a consensus rating of “Reduce”.

Beazer Homes USA Stock Up 0.0%

Shares of NYSE BZH opened at $33.48 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.28 and a current ratio of 14.64. Beazer Homes USA, Inc. has a 1 year low of $17.83 and a 1 year high of $34.54. The stock’s 50-day simple moving average is $33.41 and its 200-day simple moving average is $28.02. The firm has a market cap of $893.38 million, a price-to-earnings ratio of -111.62, a PEG ratio of 1.64 and a beta of 2.19.

About Beazer Homes USA

Beazer Homes USA, Inc. is a U.S. homebuilder headquartered in Atlanta, Georgia. The company acquires and develops land and builds and sells single-family homes in planned communities, offering homes in a range of designs and price points. Beazer serves buyers in markets across the Southeast, Mid-Atlantic, Southwest and parts of the West, including areas of Texas and California. Its communities are concentrated in multiple metropolitan regions rather than spread uniformly across the country. The company also emphasizes energy-efficient home design, incorporating features intended to reduce energy use and support indoor comfort.