BNP Paribas Financial Markets Boosts Stake in Beazer Homes USA, Inc. (NYSE:BZH)

BNP Paribas Financial Markets boosted its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 74.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,622 shares of the construction company’s stock after buying an additional 42,353 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.32% of Beazer Homes USA worth $2,736,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BZH. Vanguard Group Inc. raised its holdings in Beazer Homes USA by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 1,828,558 shares of the construction company’s stock valued at $50,212,000 after acquiring an additional 22,033 shares during the last quarter. Boston Partners raised its holdings in Beazer Homes USA by 5.1% in the 4th quarter. Boston Partners now owns 1,123,125 shares of the construction company’s stock valued at $30,946,000 after acquiring an additional 54,959 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Beazer Homes USA by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,075,199 shares of the construction company’s stock valued at $29,525,000 after acquiring an additional 5,431 shares during the last quarter. Mill Road Capital Management LLC increased its holdings in shares of Beazer Homes USA by 81.0% during the 4th quarter. Mill Road Capital Management LLC now owns 666,058 shares of the construction company’s stock worth $18,290,000 after buying an additional 297,989 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of Beazer Homes USA by 9.1% during the 4th quarter. First Eagle Investment Management LLC now owns 612,158 shares of the construction company’s stock worth $16,810,000 after buying an additional 51,027 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Stock Up 1.3%

Shares of NYSE BZH opened at $22.29 on Friday. Beazer Homes USA, Inc. has a 12-month low of $17.37 and a 12-month high of $38.22. The company has a market cap of $675.45 million, a P/E ratio of 5.67, a P/E/G ratio of 0.35 and a beta of 2.20. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The stock has a fifty day moving average price of $20.33 and a 200 day moving average price of $25.53.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Thursday, May 1st. The construction company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.16. The company had revenue of $565.34 million during the quarter, compared to analysts’ expectations of $543.60 million. Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 EPS. Research analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Insider Buying and Selling at Beazer Homes USA

In related news, Director John J. Kelley III purchased 10,000 shares of Beazer Homes USA stock in a transaction dated Friday, May 9th. The shares were acquired at an average price of $21.50 per share, with a total value of $215,000.00. Following the completion of the transaction, the director now owns 15,917 shares of the company’s stock, valued at approximately $342,215.50. This trade represents a 169.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BZH. Oppenheimer restated an “outperform” rating and set a $33.00 price objective (down from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. Wedbush reiterated an “outperform” rating and issued a $41.00 price target (down from $45.00) on shares of Beazer Homes USA in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $37.00.

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.