Assenagon Asset Management S.A. Has $18.19 Million Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

Assenagon Asset Management S.A. reduced its position in Beazer Homes USA, Inc. (NYSE:BZH) by 27.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 538,342 shares of the construction company’s stock after selling 205,159 shares during the period. Assenagon Asset Management S.A. owned about 1.71% of Beazer Homes USA worth $18,191,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Beazer Homes USA by 107.3% during the 1st quarter. JPMorgan Chase & Co. now owns 264,624 shares of the construction company’s stock valued at $4,027,000 after acquiring an additional 136,954 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Beazer Homes USA by 1.9% during the 1st quarter. Bank of New York Mellon Corp now owns 167,312 shares of the construction company’s stock valued at $2,547,000 after acquiring an additional 3,073 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Beazer Homes USA by 54.6% during the 1st quarter. MetLife Investment Management LLC now owns 16,908 shares of the construction company’s stock valued at $257,000 after acquiring an additional 5,973 shares during the last quarter. Cibc World Market Inc. acquired a new position in shares of Beazer Homes USA during the 1st quarter valued at about $196,000. Finally, Dimensional Fund Advisors LP grew its holdings in Beazer Homes USA by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,013,201 shares of the construction company’s stock valued at $15,422,000 after buying an additional 5,052 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Beazer Homes USA Trading Up 2.1 %

BZH stock opened at $31.88 on Thursday. The business has a fifty day moving average price of $30.67 and a 200 day moving average price of $28.79. Beazer Homes USA, Inc. has a fifty-two week low of $14.54 and a fifty-two week high of $35.93. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 6.31 and a beta of 2.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 13.95 and a quick ratio of 1.32.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, February 1st. The construction company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.01). The firm had revenue of $386.80 million during the quarter, compared to analyst estimates of $420.71 million. Beazer Homes USA had a net margin of 7.26% and a return on equity of 14.09%. The firm’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period last year, the business posted $0.80 earnings per share. Analysts expect that Beazer Homes USA, Inc. will post 4.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BZH has been the subject of a number of research reports. Wedbush raised their price objective on Beazer Homes USA from $32.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. StockNews.com upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Monday, March 18th.

Beazer Homes USA Profile

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.