Janney Montgomery Scott LLC Buys 2,640 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Janney Montgomery Scott LLC increased its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,263 shares of the construction company’s stock after purchasing an additional 2,640 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.24% of Beazer Homes USA worth $2,577,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Donald Smith & CO. Inc. lifted its position in shares of Beazer Homes USA by 58.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock valued at $87,403,000 after buying an additional 958,814 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Beazer Homes USA during the fourth quarter worth about $24,971,000. Vanguard Group Inc. increased its stake in shares of Beazer Homes USA by 31.2% in the third quarter. Vanguard Group Inc. now owns 2,194,979 shares of the construction company’s stock worth $54,677,000 after purchasing an additional 521,596 shares in the last quarter. Invesco Ltd. increased its stake in shares of Beazer Homes USA by 152.0% in the third quarter. Invesco Ltd. now owns 485,318 shares of the construction company’s stock worth $12,089,000 after purchasing an additional 292,706 shares in the last quarter. Finally, Quantedge Capital Pte Ltd raised its position in shares of Beazer Homes USA by 792.0% in the third quarter. Quantedge Capital Pte Ltd now owns 256,900 shares of the construction company’s stock valued at $6,399,000 after purchasing an additional 228,100 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Stock Performance

Beazer Homes USA stock opened at $27.53 on Friday. The firm’s 50 day simple moving average is $29.12 and its 200 day simple moving average is $29.94. The company has a current ratio of 13.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. Beazer Homes USA, Inc. has a 1-year low of $20.04 and a 1-year high of $35.93. The firm has a market capitalization of $868.57 million, a PE ratio of 5.31 and a beta of 2.25.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Wednesday, May 1st. The construction company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.91 by $0.35. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The business had revenue of $541.50 million during the quarter, compared to analysts’ expectations of $569.88 million. During the same period in the previous year, the business earned $1.13 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. As a group, analysts expect that Beazer Homes USA, Inc. will post 4.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BZH has been the subject of several analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $33.00 price objective on shares of Beazer Homes USA in a report on Thursday, May 2nd. StockNews.com upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Saturday, May 11th.

Insider Buying and Selling at Beazer Homes USA

In other news, EVP Keith L. Belknap, Jr. sold 15,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $28.31, for a total value of $424,650.00. Following the transaction, the executive vice president now owns 195,819 shares of the company’s stock, valued at approximately $5,543,635.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.99% of the stock is currently owned by company insiders.

Beazer Homes USA Profile

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.