26,630 Shares in Beazer Homes USA, Inc. (NYSE:BZH) Purchased by Verition Fund Management LLC

Verition Fund Management LLC purchased a new stake in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 26,630 shares of the construction company's stock, valued at approximately $910,000. Verition Fund Management LLC owned approximately 0.09% of Beazer Homes USA as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new position in shares of Beazer Homes USA during the second quarter valued at approximately $88,000. Metis Global Partners LLC purchased a new position in Beazer Homes USA during the 3rd quarter worth $201,000. Creative Planning purchased a new position in Beazer Homes USA during the 3rd quarter worth $286,000. SG Americas Securities LLC grew its stake in shares of 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 worth $343,000 after acquiring an additional 2,014 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Beazer Homes USA by 4.1% in the third quarter. Harbor Capital Advisors Inc. now owns 10,390 shares of the construction company's stock valued at $355,000 after purchasing an additional 408 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Beazer Homes USA Stock Performance

Shares of BZH traded up $0.54 during mid-day trading on Monday, hitting $32.81. The stock had a trading volume of 200,977 shares, compared to its average volume of 358,970. Beazer Homes USA, Inc. has a 52 week low of $25.48 and a 52 week high of $38.22. The company has a debt-to-equity ratio of 0.83, a current ratio of 14.29 and a quick ratio of 1.87. The business has a fifty day moving average price of $32.81 and a 200-day moving average price of $30.96. The firm has a market cap of $1.02 billion, a P/E ratio of 7.24, a PEG ratio of 0.36 and a beta of 2.19.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its quarterly earnings results on Wednesday, November 13th. The construction company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.34. The company had revenue of $806.20 million for the quarter, compared to analysts' expectations of $775.42 million. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%. Beazer Homes USA's revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.80 EPS. On average, equities research analysts expect that Beazer Homes USA, Inc. will post 4.44 EPS for the current year.

Insider Buying and Selling

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 transaction, the chief financial officer now directly owns 131,004 shares in the company, valued at $4,199,988.24. This trade represents a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Zelman & Associates reiterated an "underperform" rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Wedbush upgraded Beazer Homes USA from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $41.00 to $45.00 in a report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Beazer Homes USA currently has a consensus rating of "Hold" and a consensus price target of $39.67.

Beazer Homes USA Company 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.