ClariVest Asset Management LLC raised its position in Beazer Homes USA (NYSE:BZH) by 5.4% in the 1st quarter, HoldingsChannel reports. The fund owned 555,936 shares of the construction company’s stock after acquiring an additional 28,423 shares during the quarter. ClariVest Asset Management LLC’s holdings in Beazer Homes USA were worth $8,868,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in Beazer Homes USA by 2.3% in the 4th quarter. BlackRock Inc. now owns 3,135,962 shares of the construction company’s stock valued at $60,242,000 after acquiring an additional 70,347 shares in the last quarter. Donald Smith & CO. Inc. grew its position in Beazer Homes USA by 188.3% in the 1st quarter. Donald Smith & CO. Inc. now owns 1,797,067 shares of the construction company’s stock valued at $28,663,000 after acquiring an additional 1,173,771 shares in the last quarter. LSV Asset Management grew its position in Beazer Homes USA by 3.1% in the 1st quarter. LSV Asset Management now owns 1,593,104 shares of the construction company’s stock valued at $25,410,000 after acquiring an additional 48,000 shares in the last quarter. Renaissance Technologies LLC grew its position in Beazer Homes USA by 212.0% in the 4th quarter. Renaissance Technologies LLC now owns 899,460 shares of the construction company’s stock valued at $17,279,000 after acquiring an additional 611,200 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in Beazer Homes USA by 158.1% in the 4th quarter. Acadian Asset Management LLC now owns 671,470 shares of the construction company’s stock valued at $12,897,000 after acquiring an additional 411,286 shares in the last quarter. 93.11% of the stock is owned by institutional investors.

BZH has been the subject of several research reports. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $15.25 to $22.00 in a research report on Tuesday, February 13th. ValuEngine raised Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 10th. JMP Securities raised Beazer Homes USA from an “underperform” rating to a “market perform” rating in a research report on Monday, February 12th. Finally, TheStreet downgraded Beazer Homes USA from a “b-” rating to a “c-” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.25.

Shares of Beazer Homes USA stock opened at $14.82 on Thursday. Beazer Homes USA has a one year low of $14.15 and a one year high of $14.58. The stock has a market cap of $514.17 million, a PE ratio of 9.62 and a beta of 2.55. The company has a debt-to-equity ratio of 2.34, a current ratio of 16.04 and a quick ratio of 1.72.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Wednesday, May 2nd. The construction company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.20. Beazer Homes USA had a positive return on equity of 9.71% and a negative net margin of 3.97%. The business had revenue of $455.20 million during the quarter, compared to the consensus estimate of $439.15 million. During the same period in the previous year, the company posted ($0.23) earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. sell-side analysts predict that Beazer Homes USA will post 2.07 earnings per share for the current year.

Beazer Homes USA Profile

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 brand name. 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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