Beazer Homes USA, Inc. (NYSE:BZH) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC grew its stake in shares of Beazer Homes USA, Inc. (NYSE:BZHGet Rating) by 170.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,210 shares of the construction company’s stock after acquiring an additional 4,542 shares during the quarter. Lazard Asset Management LLC’s holdings in Beazer Homes USA were worth $87,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Beazer Homes USA by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 1,759,636 shares of the construction company’s stock worth $26,782,000 after purchasing an additional 108,173 shares during the period. Donald Smith & CO. Inc. grew its holdings in shares of Beazer Homes USA by 21.6% during the 1st quarter. Donald Smith & CO. Inc. now owns 1,480,974 shares of the construction company’s stock worth $22,540,000 after purchasing an additional 263,542 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Beazer Homes USA by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,013,201 shares of the construction company’s stock worth $15,422,000 after purchasing an additional 5,052 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Beazer Homes USA by 7.6% during the 1st quarter. Acadian Asset Management LLC now owns 868,029 shares of the construction company’s stock worth $13,209,000 after purchasing an additional 61,247 shares during the period. Finally, Timelo Investment Management Inc. grew its holdings in shares of Beazer Homes USA by 98.5% during the 1st quarter. Timelo Investment Management Inc. now owns 743,311 shares of the construction company’s stock worth $11,313,000 after purchasing an additional 368,831 shares during the period. Institutional investors and hedge funds own 78.40% of the company’s stock.

Analyst Ratings Changes

BZH has been the subject of a number of research reports. Wedbush decreased their target price on Beazer Homes USA to $18.00 in a report on Wednesday, November 16th. StockNews.com started coverage on Beazer Homes USA in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, B. Riley decreased their price target on Beazer Homes USA from $19.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, October 18th.

Beazer Homes USA Stock Up 1.7 %

NYSE BZH opened at $13.65 on Thursday. The stock has a market cap of $421.51 million, a PE ratio of 1.90 and a beta of 2.06. Beazer Homes USA, Inc. has a fifty-two week low of $9.47 and a fifty-two week high of $23.97. The business has a 50 day moving average price of $11.26 and a two-hundred day moving average price of $13.20. The company has a quick ratio of 2.07, a current ratio of 14.17 and a debt-to-equity ratio of 1.05.

Beazer Homes USA (NYSE:BZHGet Rating) last released its quarterly earnings results on Thursday, November 10th. The construction company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.76. The firm had revenue of $827.60 million during the quarter, compared to analysts’ expectations of $718.55 million. Beazer Homes USA had a return on equity of 26.33% and a net margin of 9.53%. Beazer Homes USA’s quarterly revenue was up 40.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.57 EPS. As a group, sell-side analysts predict that Beazer Homes USA, Inc. will post 3.46 EPS for the current fiscal year.

Beazer Homes USA Company Profile

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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 sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Maryland, Indiana, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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Institutional Ownership by Quarter for Beazer Homes USA (NYSE:BZH)

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