Beazer Homes USA, Inc. (NYSE:BZH) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,217 shares of the construction company’s stock after acquiring an additional 8,174 shares during the period. Empowered Funds LLC’s holdings in Beazer Homes USA were worth $5,543,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of Beazer Homes USA during the 2nd quarter worth $88,000. Metis Global Partners LLC acquired a new stake in Beazer Homes USA during the third quarter worth about $201,000. Creative Planning purchased a new position in Beazer Homes USA during the third quarter worth about $286,000. Harbor Capital Advisors Inc. boosted its holdings in 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 purchasing an additional 967 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Beazer Homes USA by 25.1% in the 3rd quarter. SG Americas Securities LLC now owns 10,032 shares of the construction company’s stock valued at $343,000 after purchasing an additional 2,014 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Transactions at Beazer Homes USA

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

Beazer Homes USA Stock Down 3.8 %

NYSE:BZH opened at $33.30 on Monday. Beazer Homes USA, Inc. has a 52 week low of $25.48 and a 52 week high of $38.22. The stock’s fifty day moving average is $32.53 and its two-hundred day moving average is $30.33. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 7.35, a price-to-earnings-growth ratio of 1.44 and a beta of 2.18. The company has a quick ratio of 0.92, a current ratio of 14.29 and a debt-to-equity ratio of 0.83.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Wednesday, November 13th. The construction company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.34. The firm had revenue of $806.20 million for the quarter, compared to analyst estimates of $775.42 million. Beazer Homes USA had a return on equity of 11.95% and a net margin of 6.02%. Beazer Homes USA’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.80 EPS. Research analysts anticipate that Beazer Homes USA, Inc. will post 4.7 EPS for the current year.

Analyst Upgrades and Downgrades

BZH has been the subject of a number of recent analyst reports. Zelman & Associates restated an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. B. Riley cut 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. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and upped their price target for the company from $41.00 to $45.00 in a research note on Thursday, September 5th. Finally, StockNews.com lowered shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.67.

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.