Beazer Homes USA, Inc. (NYSE:BZH) Shares Bought by Mill Road Capital Management LLC

Mill Road Capital Management LLC raised its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 89.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 368,069 shares of the construction company's stock after buying an additional 173,474 shares during the quarter. Beazer Homes USA comprises about 6.0% of Mill Road Capital Management LLC's holdings, making the stock its 7th largest position. Mill Road Capital Management LLC owned 1.18% of Beazer Homes USA worth $12,577,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC boosted its holdings in Beazer Homes USA by 783.6% during the 3rd quarter. Janus Henderson Group PLC now owns 123,702 shares of the construction company's stock valued at $4,227,000 after acquiring an additional 109,702 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in Beazer Homes USA during the 3rd quarter valued at approximately $3,362,000. Verition Fund Management LLC bought a new position in Beazer Homes USA during the 3rd quarter valued at approximately $910,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Beazer Homes USA during the 3rd quarter valued at approximately $1,370,000. Finally, Quantbot Technologies LP raised its position in Beazer Homes USA by 70.7% during the 3rd quarter. Quantbot Technologies LP now owns 35,801 shares of the construction company's stock valued at $1,223,000 after purchasing an additional 14,834 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Beazer Homes USA

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

Beazer Homes USA Stock Performance

Beazer Homes USA stock traded down $0.60 during trading on Wednesday, reaching $34.13. The company had a trading volume of 298,720 shares, compared to its average volume of 359,502. Beazer Homes USA, Inc. has a 52 week low of $25.48 and a 52 week high of $38.22. The firm's 50-day simple moving average is $32.84 and its 200 day simple moving average is $30.83. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 0.39 and a beta of 2.19. The company has a current ratio of 14.29, a quick ratio of 1.87 and a debt-to-equity ratio of 0.83.

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 the consensus estimate of $1.35 by $0.34. Beazer Homes USA had a return on equity of 11.95% and a net margin of 6.02%. The firm had revenue of $806.20 million for the quarter, compared to analysts' expectations of $775.42 million. During the same period in the previous year, the firm posted $1.80 earnings per share. The business's revenue was up 24.9% compared to the same quarter last year. Sell-side analysts forecast that Beazer Homes USA, Inc. will post 4.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BZH. Wedbush raised Beazer Homes USA from a "neutral" rating to an "outperform" rating and increased their target price for the stock 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 research note on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat.com, Beazer Homes USA presently has an average rating of "Hold" and a consensus target price 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.