Allianz Asset Management GmbH boosted its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 14.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,180 shares of the construction company’s stock after acquiring an additional 6,335 shares during the quarter. Allianz Asset Management GmbH owned about 0.15% of Beazer Homes USA worth $940,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of BZH. SG Americas Securities LLC acquired a new stake in shares of Beazer Homes USA in the 3rd quarter valued at approximately $149,000. Bayesian Capital Management LP acquired a new stake in shares of Beazer Homes USA in the 2nd quarter valued at approximately $190,000. Neuberger Berman Group LLC lifted its holdings in shares of Beazer Homes USA by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock valued at $201,000 after buying an additional 118 shares during the period. First Quadrant L P CA acquired a new stake in shares of Beazer Homes USA in the 3rd quarter valued at approximately $278,000. Finally, CAPROCK Group Inc. acquired a new stake in shares of Beazer Homes USA in the 3rd quarter valued at approximately $300,000. 83.28% of the stock is owned by institutional investors.
Beazer Homes USA, Inc. (NYSE:BZH) opened at $20.25 on Friday. Beazer Homes USA, Inc. has a one year low of $11.18 and a one year high of $23.24. The firm has a market capitalization of $695.44, a P/E ratio of 21.54 and a beta of 2.70. The company has a quick ratio of 3.30, a current ratio of 18.20 and a debt-to-equity ratio of 1.95.
Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Tuesday, November 14th. The construction company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.50. The firm had revenue of $673.00 million during the quarter, compared to the consensus estimate of $645.17 million. Beazer Homes USA had a return on equity of 6.29% and a net margin of 1.66%. Beazer Homes USA’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. equities analysts predict that Beazer Homes USA, Inc. will post 1.4 earnings per share for the current fiscal year.
Several research firms have recently commented on BZH. Zacks Investment Research cut Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $21.00 price objective (up from $15.00) on shares of Beazer Homes USA in a research note on Monday, November 20th. Finally, TheStreet raised Beazer Homes USA from a “c” rating to a “b-” rating in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Beazer Homes USA has a consensus rating of “Hold” and a consensus target price of $18.50.
Beazer Homes USA 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.
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