TCW Group Inc. grew its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 22.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 50,517 shares of the construction company’s stock after buying an additional 9,180 shares during the quarter. TCW Group Inc.’s holdings in Beazer Homes USA were worth $582,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BZH. The Manufacturers Life Insurance Company lifted its stake in shares of Beazer Homes USA by 12.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 11,324 shares of the construction company’s stock valued at $130,000 after purchasing an additional 1,292 shares during the period. Synovus Financial Corp lifted its stake in shares of Beazer Homes USA by 2.4% in the 4th quarter. Synovus Financial Corp now owns 79,233 shares of the construction company’s stock valued at $756,000 after purchasing an additional 1,852 shares during the period. Swiss National Bank lifted its stake in shares of Beazer Homes USA by 3.6% in the 1st quarter. Swiss National Bank now owns 58,100 shares of the construction company’s stock valued at $669,000 after purchasing an additional 2,000 shares during the period. Quantamental Technologies LLC purchased a new position in shares of Beazer Homes USA in the 4th quarter valued at approximately $26,000. Finally, IndexIQ Advisors LLC lifted its stake in shares of Beazer Homes USA by 2.1% in the 1st quarter. IndexIQ Advisors LLC now owns 134,527 shares of the construction company’s stock valued at $1,548,000 after purchasing an additional 2,758 shares during the period. Institutional investors and hedge funds own 81.60% of the company’s stock.

In related news, insider Allan P. Merrill acquired 5,192 shares of Beazer Homes USA stock in a transaction that occurred on Wednesday, May 22nd. The stock was bought at an average price of $9.63 per share, with a total value of $49,998.96. Following the transaction, the insider now directly owns 537,127 shares in the company, valued at $5,172,533.01. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.30% of the stock is owned by company insiders.

BZH stock opened at $9.82 on Friday. Beazer Homes USA, Inc. has a twelve month low of $8.16 and a twelve month high of $16.08. The company has a debt-to-equity ratio of 2.46, a current ratio of 13.97 and a quick ratio of 0.93. The company has a market cap of $309.22 million, a P/E ratio of 4.93 and a beta of 2.67.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.15. Beazer Homes USA had a positive return on equity of 10.34% and a negative net margin of 0.93%. The company had revenue of $421.30 million during the quarter, compared to analyst estimates of $402.98 million. During the same quarter last year, the company earned $0.36 EPS. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. Equities research analysts forecast that Beazer Homes USA, Inc. will post 1.42 earnings per share for the current fiscal year.

A number of research firms have recently commented on BZH. Zacks Investment Research upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Wedbush restated an “outperform” rating and issued a $17.00 target price on shares of Beazer Homes USA in a research note on Friday, May 3rd. TheStreet upgraded Beazer Homes USA from a “d+” rating to a “c-” rating in a research note on Monday, April 22nd. Finally, ValuEngine cut Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Beazer Homes USA presently has a consensus rating of “Hold” and a consensus price target of $14.25.

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About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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Institutional Ownership by Quarter for Beazer Homes USA (NYSE:BZH)

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