98,390 Shares in Beazer Homes USA, Inc. (NYSE:BZH) Acquired by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 98,390 shares of the construction company's stock, valued at approximately $3,362,000. Hotchkis & Wiley Capital Management LLC owned 0.32% of Beazer Homes USA as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Innealta Capital LLC acquired a new stake in Beazer Homes USA in the second quarter worth approximately $88,000. Metis Global Partners LLC bought a new position in Beazer Homes USA during the third quarter valued at about $201,000. Harbor Capital Advisors Inc. grew its holdings in Beazer Homes USA by 10.7% during the second quarter. Harbor Capital Advisors Inc. now owns 9,982 shares of the construction company's stock worth $274,000 after acquiring an additional 967 shares during the period. Creative Planning bought a new stake in Beazer Homes USA in the third quarter worth about $286,000. Finally, SG Americas Securities LLC raised its position in Beazer Homes USA by 25.1% in the third 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. 85.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BZH. Wedbush raised shares of Beazer Homes USA from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $41.00 to $45.00 in a research note on Thursday, September 5th. Zelman & Associates restated an "underperform" rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $39.67.

Beazer Homes USA Trading Down 3.0 %

Shares of NYSE:BZH traded down $1.01 during mid-day trading on Friday, hitting $32.27. The stock had a trading volume of 533,547 shares, compared to its average volume of 346,571. The company's 50 day moving average is $32.84 and its 200-day moving average is $30.90. Beazer Homes USA, Inc. has a 12-month low of $25.48 and a 12-month high of $38.22. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.87 and a current ratio of 14.29. The company has a market cap of $1.00 billion, a PE ratio of 7.12, a P/E/G ratio of 0.38 and a beta of 2.19.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its earnings results on Wednesday, November 13th. The construction company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.35 by $0.34. The business had revenue of $806.20 million during the quarter, compared to analysts' expectations of $775.42 million. Beazer Homes USA had a return on equity of 11.95% and a net margin of 6.02%. Beazer Homes USA's revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.80 earnings per share. On average, sell-side analysts predict that Beazer Homes USA, Inc. will post 4.44 EPS for the current year.

Insider Transactions at Beazer Homes USA

In related news, CFO David I. Goldberg sold 6,057 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total transaction of $194,187.42. Following the completion of the sale, the chief financial officer now directly owns 131,004 shares in the company, valued at approximately $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 accessible through the SEC website. 6.99% of the stock is owned by 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.