Royce & Associates LP Buys 32,730 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Royce & Associates LP raised its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 16.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 231,861 shares of the construction company’s stock after acquiring an additional 32,730 shares during the quarter. Royce & Associates LP owned about 0.74% of Beazer Homes USA worth $6,367,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC grew its position in shares of Beazer Homes USA by 16.5% in the third quarter. Sanctuary Advisors LLC now owns 15,536 shares of the construction company’s stock valued at $530,000 after purchasing an additional 2,197 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Beazer Homes USA in the 3rd quarter valued at $125,000. GHE LLC increased its position in Beazer Homes USA by 7.5% during the 4th quarter. GHE LLC now owns 69,778 shares of the construction company’s stock worth $1,916,000 after buying an additional 4,841 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Beazer Homes USA by 26.4% during the fourth quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company’s stock worth $689,000 after buying an additional 5,235 shares in the last quarter. Finally, Systematic Financial Management LP bought a new stake in shares of Beazer Homes USA in the third quarter valued at about $182,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Beazer Homes USA Price Performance

Shares of NYSE BZH opened at $21.75 on Wednesday. The business has a fifty day moving average price of $24.40 and a two-hundred day moving average price of $29.17. The stock has a market capitalization of $678.67 million, a PE ratio of 5.53, a P/E/G ratio of 0.35 and a beta of 2.26. The company has a debt-to-equity ratio of 0.87, a current ratio of 15.52 and a quick ratio of 1.25. Beazer Homes USA, Inc. has a fifty-two week low of $20.66 and a fifty-two week high of $38.22.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, January 30th. The construction company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. As a group, equities analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wedbush reaffirmed an “outperform” rating and set a $45.00 price target on shares of Beazer Homes USA in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Beazer Homes USA presently has a consensus rating of “Hold” and a consensus target price of $39.67.

Beazer Homes USA Company 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.