Victory Capital Management Inc. Buys 197,666 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Victory Capital Management Inc. boosted its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 711.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,453 shares of the construction company’s stock after buying an additional 197,666 shares during the period. Victory Capital Management Inc.’s holdings in Beazer Homes USA were worth $7,704,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its stake in Beazer Homes USA by 1.1% during the 1st quarter. Russell Investments Group Ltd. now owns 94,007 shares of the construction company’s stock valued at $3,083,000 after purchasing an additional 1,048 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Beazer Homes USA by 105.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,311 shares of the construction company’s stock worth $568,000 after purchasing an additional 8,900 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Beazer Homes USA by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,780 shares of the construction company’s stock valued at $584,000 after buying an additional 943 shares during the last quarter. Caxton Associates LP grew its holdings in shares of Beazer Homes USA by 81.9% in the first quarter. Caxton Associates LP now owns 78,975 shares of the construction company’s stock worth $2,590,000 after acquiring an additional 35,558 shares during the period. Finally, Boston Partners purchased a new stake in Beazer Homes USA during the first quarter valued at $15,411,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Trading Up 1.1 %

Shares of BZH opened at $33.03 on Friday. Beazer Homes USA, Inc. has a 52-week low of $25.48 and a 52-week high of $38.22. The company has a quick ratio of 1.87, a current ratio of 14.29 and a debt-to-equity ratio of 0.83. The stock has a market cap of $1.03 billion, a PE ratio of 7.21, a price-to-earnings-growth ratio of 0.37 and a beta of 2.18. The firm’s fifty day moving average is $32.63 and its two-hundred day moving average is $30.43.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Wednesday, November 13th. The construction company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.34. The business had revenue of $806.20 million during the quarter, compared to analysts’ expectations of $775.42 million. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.80 EPS. Research analysts forecast that Beazer Homes USA, Inc. will post 4.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of Beazer Homes USA stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of the sale, the chief financial officer now owns 131,004 shares in the company, valued at $4,199,988.24. The trade was a 4.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wedbush raised shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and upped their price target for the company from $41.00 to $45.00 in a research report on Thursday, September 5th. B. Riley decreased their price target on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. StockNews.com lowered shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Finally, Zelman & Associates reiterated an “underperform” rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average 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.