Peregrine Capital Management LLC Raises Stock Position in Beazer Homes USA, Inc. $BZH

Peregrine Capital Management LLC raised its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 19.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 238,903 shares of the construction company’s stock after acquiring an additional 38,832 shares during the quarter. Peregrine Capital Management LLC’s holdings in Beazer Homes USA were worth $5,344,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BZH. Vanguard Group Inc. raised its position in shares of Beazer Homes USA by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,836,033 shares of the construction company’s stock worth $37,437,000 after purchasing an additional 7,475 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Beazer Homes USA by 11.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 345,613 shares of the construction company’s stock valued at $7,047,000 after acquiring an additional 35,901 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Beazer Homes USA by 20.3% in the first quarter. Victory Capital Management Inc. now owns 306,973 shares of the construction company’s stock valued at $6,259,000 after acquiring an additional 51,860 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Beazer Homes USA by 14.5% in the first quarter. Royce & Associates LP now owns 265,401 shares of the construction company’s stock worth $5,412,000 after acquiring an additional 33,540 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Beazer Homes USA by 35.5% in the first quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company’s stock worth $4,055,000 after acquiring an additional 52,062 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Trading Down 0.2%

Shares of BZH stock opened at $23.82 on Wednesday. The company’s 50-day moving average price is $24.54 and its 200-day moving average price is $22.95. The company has a current ratio of 13.33, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94. The stock has a market cap of $708.08 million, a price-to-earnings ratio of 10.83, a PEG ratio of 0.63 and a beta of 2.17. Beazer Homes USA, Inc. has a twelve month low of $17.37 and a twelve month high of $38.22.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.16). The firm had revenue of $545.37 million for the quarter, compared to analyst estimates of $565.47 million. Beazer Homes USA had a net margin of 2.84% and a return on equity of 6.16%. The company’s revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. As a group, equities analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

BZH has been the topic of a number of research reports. Oppenheimer restated an “outperform” rating and issued a $30.00 price objective (down previously from $33.00) on shares of Beazer Homes USA in a report on Monday, August 4th. Wedbush reissued an “outperform” rating and issued a $41.00 price target on shares of Beazer Homes USA in a research note on Friday, August 1st. Zacks Research upgraded shares of Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Beazer Homes USA in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Beazer Homes USA presently has an average rating of “Hold” and an average price target of $31.33.

About Beazer Homes USA

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.