Fisher Asset Management LLC Invests $1.65 Million in Beazer Homes USA, Inc. (NYSE:BZH)

Fisher Asset Management LLC purchased a new stake in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 48,388 shares of the construction company's stock, valued at approximately $1,653,000. Fisher Asset Management LLC owned 0.16% of Beazer Homes USA as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of Beazer Homes USA in the 2nd quarter valued at about $88,000. Metis Global Partners LLC purchased a new position in Beazer Homes USA during the third quarter valued at approximately $201,000. Harbor Capital Advisors Inc. raised its stake in Beazer Homes USA by 10.7% in the second quarter. Harbor Capital Advisors Inc. now owns 9,982 shares of the construction company's stock worth $274,000 after buying an additional 967 shares in the last quarter. Creative Planning purchased a new stake in Beazer Homes USA during the third quarter worth $286,000. Finally, SG Americas Securities LLC boosted its position in Beazer Homes USA by 25.1% during the 3rd quarter. SG Americas Securities LLC now owns 10,032 shares of the construction company's stock valued at $343,000 after acquiring an additional 2,014 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. B. Riley reduced their price target on Beazer Homes USA from $38.00 to $37.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Wedbush raised shares of Beazer Homes USA from a "neutral" rating to an "outperform" rating and increased their price target for the company from $41.00 to $45.00 in a research report on Thursday, September 5th. Zelman & Associates restated an "underperform" rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. Finally, StockNews.com lowered shares of Beazer Homes USA from a "hold" rating to a "sell" rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $39.67.

Insider Buying and Selling

In related news, CFO David I. Goldberg sold 6,057 shares of the business's stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 131,004 shares in the company, valued at $4,199,988.24. The trade was a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.99% of the stock is owned by corporate insiders.

Beazer Homes USA Stock Performance

Beazer Homes USA stock traded up $0.02 during mid-day trading on Friday, reaching $34.95. 113,101 shares of the company traded hands, compared to its average volume of 360,974. The firm's fifty day moving average is $32.78 and its two-hundred day moving average is $30.72. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 0.39 and a beta of 2.18. Beazer Homes USA, Inc. has a fifty-two week low of $25.48 and a fifty-two 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.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its earnings results on Wednesday, November 13th. The construction company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.34. The company had revenue of $806.20 million during 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%. The firm's quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the business posted $1.80 EPS. On average, equities research analysts expect that Beazer Homes USA, Inc. will post 4.44 earnings per share for the current fiscal year.

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.