First Eagle Investment Management LLC Has $12.63 Million Stock Position in Beazer Homes USA, Inc. (NYSE:BZH)

First Eagle Investment Management LLC increased its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 27.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 459,645 shares of the construction company’s stock after acquiring an additional 99,959 shares during the period. First Eagle Investment Management LLC’s holdings in Beazer Homes USA were worth $12,631,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. DGS Capital Management LLC raised its stake in shares of Beazer Homes USA by 4.1% during the 1st quarter. DGS Capital Management LLC now owns 9,817 shares of the construction company’s stock worth $322,000 after purchasing an additional 386 shares in the last quarter. Capstone Investment Advisors LLC increased its holdings in Beazer Homes USA by 8.2% during the first quarter. Capstone Investment Advisors LLC now owns 7,071 shares of the construction company’s stock worth $232,000 after buying an additional 533 shares during the last quarter. ClariVest Asset Management LLC raised its position in Beazer Homes USA by 2.8% during the second quarter. ClariVest Asset Management LLC now owns 34,257 shares of the construction company’s stock worth $941,000 after acquiring an additional 918 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Beazer Homes USA by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,780 shares of the construction company’s stock valued at $584,000 after acquiring an additional 943 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of Beazer Homes USA by 10.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,982 shares of the construction company’s stock valued at $274,000 after acquiring an additional 967 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Beazer Homes USA Price Performance

Shares of NYSE BZH opened at $34.55 on Friday. The business’s 50 day moving average is $31.06 and its 200-day moving average is $29.56. The firm has a market cap of $1.09 billion, a P/E ratio of 6.67, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17. Beazer Homes USA, Inc. has a 1-year low of $22.03 and a 1-year high of $35.20. The company has a current ratio of 12.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.91.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Thursday, August 1st. The construction company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. Beazer Homes USA had a return on equity of 12.61% and a net margin of 6.63%. The company had revenue of $595.68 million during the quarter, compared to the consensus estimate of $597.67 million. During the same quarter last year, the firm earned $1.24 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. Equities research analysts predict that Beazer Homes USA, Inc. will post 4.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $41.00 to $45.00 in a research report on Thursday, September 5th. B. Riley reduced their target price on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Zelman & Associates restated an “underperform” rating on shares of Beazer Homes USA in a research note on Tuesday. Finally, Oppenheimer began coverage on shares of Beazer Homes USA in a research report on Friday, May 31st. They set an “outperform” rating and a $37.00 price objective for the company. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.67.

Insider Buying and Selling at Beazer Homes USA

In other news, EVP Keith L. Belknap, Jr. sold 13,462 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $30.73, for a total transaction of $413,687.26. Following the transaction, the executive vice president now directly owns 164,119 shares of the company’s stock, valued at $5,043,376.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $31.17, for a total transaction of $414,561.00. Following the completion of the sale, the executive vice president now owns 150,819 shares of the company’s stock, valued at $4,701,028.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Keith L. Belknap, Jr. sold 13,462 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $30.73, for a total transaction of $413,687.26. Following the completion of the transaction, the executive vice president now directly owns 164,119 shares in the company, valued at $5,043,376.87. The disclosure for this sale can be found here. Insiders own 6.99% of the company’s stock.

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.