Janus Henderson Group PLC Purchases 109,702 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Janus Henderson Group PLC raised its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 783.6% in the third quarter, Holdings Channel reports. The fund owned 123,702 shares of the construction company’s stock after buying an additional 109,702 shares during the quarter. Janus Henderson Group PLC’s holdings in Beazer Homes USA were worth $4,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Beazer Homes USA by 711.4% during the 3rd quarter. Victory Capital Management Inc. now owns 225,453 shares of the construction company’s stock valued at $7,704,000 after purchasing an additional 197,666 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Beazer Homes USA by 52.6% during the third quarter. Assenagon Asset Management S.A. now owns 545,983 shares of the construction company’s stock worth $18,656,000 after buying an additional 188,084 shares during the last quarter. Donald Smith & CO. Inc. boosted its position in shares of Beazer Homes USA by 4.9% in the second quarter. Donald Smith & CO. Inc. now owns 3,086,874 shares of the construction company’s stock valued at $84,827,000 after acquiring an additional 143,663 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Beazer Homes USA by 27.8% in the second quarter. First Eagle Investment Management LLC now owns 459,645 shares of the construction company’s stock worth $12,631,000 after acquiring an additional 99,959 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Beazer Homes USA in the third quarter worth $3,362,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Beazer Homes USA Stock Performance

Shares of NYSE BZH opened at $32.18 on Wednesday. The firm has a market capitalization of $999.19 million, a price-to-earnings ratio of 7.10, a PEG ratio of 0.36 and a beta of 2.19. Beazer Homes USA, Inc. has a one year low of $25.48 and a one year high of $38.22. The business has a fifty day simple moving average of $32.81 and a 200 day simple moving average of $30.96. The company has a current ratio of 14.29, a quick ratio of 1.87 and a debt-to-equity ratio of 0.83.

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

Analysts Set New Price Targets

BZH has been the subject of several research analyst reports. Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and upped their target price for the company from $41.00 to $45.00 in a research note on Thursday, September 5th. Zelman & Associates reiterated an “underperform” rating on shares of Beazer Homes USA in a research note 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. According to data from MarketBeat.com, Beazer Homes USA currently has an average rating of “Hold” and an average price target of $39.67.

Insider Buying and Selling

In other news, CFO David I. Goldberg sold 6,057 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total value of $194,187.42. Following the sale, the chief financial officer now directly owns 131,004 shares in the company, valued at approximately $4,199,988.24. This represents a 4.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 6.99% of the company’s stock.

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.