UBS Asset Management Americas Inc. bought a new stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,299 shares of the construction company’s stock, valued at approximately $237,000. UBS Asset Management Americas Inc. owned 0.05% of Beazer Homes USA as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BZH. JPMorgan Chase & Co. grew its position in shares of Beazer Homes USA by 136.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,023,684 shares of the construction company’s stock valued at $14,045,000 after acquiring an additional 590,938 shares during the period. Vanguard Group Inc. grew its position in shares of Beazer Homes USA by 19.4% during the 1st quarter. Vanguard Group Inc. now owns 1,594,255 shares of the construction company’s stock valued at $19,339,000 after acquiring an additional 258,694 shares during the period. Renaissance Technologies LLC grew its position in shares of Beazer Homes USA by 105.6% during the 1st quarter. Renaissance Technologies LLC now owns 378,560 shares of the construction company’s stock valued at $4,592,000 after acquiring an additional 194,400 shares during the period. Chicago Equity Partners LLC bought a new position in shares of Beazer Homes USA during the 2nd quarter valued at approximately $1,723,000. Finally, American Century Companies Inc. bought a new position in shares of Beazer Homes USA during the 2nd quarter valued at approximately $1,718,000. 81.35% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA, Inc. (NYSE BZH) opened at $20.62 on Friday. The company has a current ratio of 15.72, a quick ratio of 1.85 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $696.22 million, a P/E ratio of 34.60 and a beta of 2.73.

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A number of research firms have recently weighed in on BZH. Wedbush downgraded shares of Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Thursday, August 3rd. BidaskClub raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. J P Morgan Chase & Co raised shares of Beazer Homes USA from a “neutral” rating to an “overweight” rating and increased their target price for the company from $14.50 to $21.00 in a research report on Thursday, September 14th. Finally, ValuEngine downgraded shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.50.

Beazer Homes USA Company Profile

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.

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

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