Janus Henderson Group PLC Buys 109,702 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Janus Henderson Group PLC lifted its holdings in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 783.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 123,702 shares of the construction company's stock after purchasing an additional 109,702 shares during the period. Janus Henderson Group PLC owned 0.40% of Beazer Homes USA worth $4,227,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BZH. Innealta Capital LLC bought a new stake in Beazer Homes USA in the 2nd quarter valued at $88,000. Metis Global Partners LLC bought a new stake in shares of Beazer Homes USA in the third quarter valued at about $201,000. Creative Planning acquired a new stake in Beazer Homes USA during the third quarter worth about $286,000. SG Americas Securities LLC grew its position in Beazer Homes USA by 25.1% during the third quarter. SG Americas Securities LLC now owns 10,032 shares of the construction company's stock worth $343,000 after buying an additional 2,014 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Beazer Homes USA by 4.1% during the third quarter. Harbor Capital Advisors Inc. now owns 10,390 shares of the construction company's stock valued at $355,000 after acquiring an additional 408 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Insider Activity

In other news, CFO David I. Goldberg sold 6,057 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total value of $194,187.42. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wedbush upgraded Beazer Homes USA from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $41.00 to $45.00 in a research report on Thursday, September 5th. Zelman & Associates reaffirmed an "underperform" rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat, Beazer Homes USA currently has a consensus rating of "Hold" and an average target price of $39.67.

Beazer Homes USA Price Performance

NYSE BZH traded down $0.28 during trading on Wednesday, reaching $31.90. 325,978 shares of the company traded hands, compared to its average volume of 358,616. Beazer Homes USA, Inc. has a 1-year low of $25.48 and a 1-year high of $38.22. The company has a market cap of $990.50 million, a price-to-earnings ratio of 7.04, a P/E/G ratio of 0.36 and a beta of 2.19. The stock's 50 day moving average price is $32.75 and its two-hundred day moving average price is $31.00. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.87 and a current ratio of 14.29.

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 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 business had revenue of $806.20 million for the quarter, compared to analyst estimates of $775.42 million. During the same quarter in the previous year, the firm earned $1.80 EPS. Beazer Homes USA's quarterly revenue was up 24.9% on a year-over-year basis. As a group, analysts anticipate that Beazer Homes USA, Inc. will post 4.44 EPS for the current 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.