Sanctuary Advisors LLC Acquires 2,197 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Sanctuary Advisors LLC boosted its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 16.5% during the third quarter, HoldingsChannel.com reports. The fund owned 15,536 shares of the construction company’s stock after purchasing an additional 2,197 shares during the period. Sanctuary Advisors LLC’s holdings in Beazer Homes USA were worth $530,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Marshall Wace LLP grew its stake in shares of Beazer Homes USA by 91.9% in the 2nd quarter. Marshall Wace LLP now owns 57,769 shares of the construction company’s stock valued at $1,587,000 after purchasing an additional 27,666 shares during the period. Koss Olinger Consulting LLC bought a new stake in Beazer Homes USA in the second quarter valued at $447,000. Victory Capital Management Inc. raised its stake in Beazer Homes USA by 711.4% during the third quarter. Victory Capital Management Inc. now owns 225,453 shares of the construction company’s stock worth $7,704,000 after acquiring an additional 197,666 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Beazer Homes USA during the third quarter valued at $1,370,000. Finally, Creative Planning acquired a new stake in shares of Beazer Homes USA in the 3rd quarter valued at $286,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Stock Performance

Shares of NYSE:BZH opened at $28.32 on Thursday. The business has a fifty day moving average of $32.23 and a 200-day moving average of $31.09. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.87 and a current ratio of 14.29. Beazer Homes USA, Inc. has a twelve month low of $25.48 and a twelve month high of $38.22. The firm has a market cap of $879.34 million, a PE ratio of 6.25, a price-to-earnings-growth ratio of 0.36 and a beta of 2.19.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Wednesday, November 13th. The construction company reported $1.69 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $806.20 million during the quarter, compared to analysts’ expectations of $775.42 million. During the same quarter last year, the company posted $1.80 EPS. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. On average, equities research analysts predict that Beazer Homes USA, Inc. will post 4.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on BZH. Wedbush reiterated an “outperform” rating and set a $45.00 target price on shares of Beazer Homes USA in a research report on Monday. Zelman & Associates reaffirmed an “underperform” rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.67.

Insiders Place Their Bets

In other news, CFO David I. Goldberg sold 6,057 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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.