Ghe LLC Increases Stake in Beazer Homes USA, Inc. (NYSE:BZH)

Ghe LLC boosted its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 10.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,937 shares of the construction company’s stock after purchasing an additional 6,371 shares during the period. Beazer Homes USA comprises 0.9% of Ghe LLC’s investment portfolio, making the stock its 23rd largest position. Ghe LLC owned 0.21% of Beazer Homes USA worth $2,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Boston Partners purchased a new position in shares of Beazer Homes USA during the first quarter valued at approximately $15,411,000. Donald Smith & CO. Inc. boosted its position in shares of Beazer Homes USA by 13.8% during the first quarter. Donald Smith & CO. Inc. now owns 2,943,211 shares of the construction company’s stock valued at $96,537,000 after purchasing an additional 356,569 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of 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 valued at $7,704,000 after purchasing an additional 197,666 shares in the last quarter. Assenagon Asset Management S.A. boosted its position 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 valued at $18,656,000 after purchasing an additional 188,084 shares in the last quarter. Finally, Carlson Capital L P boosted its position in shares of Beazer Homes USA by 63.9% during the first quarter. Carlson Capital L P now owns 333,600 shares of the construction company’s stock valued at $10,942,000 after purchasing an additional 130,100 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on BZH. B. Riley dropped their target price on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. StockNews.com downgraded Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Zelman & Associates reissued an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. Finally, Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $41.00 to $45.00 in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.67.

Beazer Homes USA Stock Up 2.3 %

Shares of BZH stock traded up $0.75 during mid-day trading on Wednesday, hitting $32.81. The company’s stock had a trading volume of 7,412 shares, compared to its average volume of 355,697. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 6.91, a PEG ratio of 1.42 and a beta of 2.18. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.92 and a current ratio of 12.42. Beazer Homes USA, Inc. has a 52-week low of $25.48 and a 52-week high of $35.20. The business has a 50-day moving average price of $32.31 and a 200 day moving average price of $30.21.

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.