Mill Road Capital Management LLC Has $18.29 Million Position in Beazer Homes USA, Inc. (NYSE:BZH)

Mill Road Capital Management LLC increased its position in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 81.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 666,058 shares of the construction company's stock after acquiring an additional 297,989 shares during the period. Beazer Homes USA makes up about 8.7% of Mill Road Capital Management LLC's investment portfolio, making the stock its 3rd biggest position. Mill Road Capital Management LLC owned approximately 2.13% of Beazer Homes USA worth $18,290,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Focus Financial Network Inc. purchased a new stake in Beazer Homes USA in the 4th quarter valued at approximately $275,000. Ritholtz Wealth Management boosted its stake in Beazer Homes USA by 26.4% in the 4th quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company's stock worth $689,000 after buying an additional 5,235 shares during the last quarter. Norges Bank acquired a new stake in shares of Beazer Homes USA during the 4th quarter worth $4,149,000. Proficio Capital Partners LLC acquired a new position in Beazer Homes USA in the fourth quarter valued at $304,000. Finally, Barclays PLC grew its position in Beazer Homes USA by 26.3% during the third quarter. Barclays PLC now owns 190,741 shares of the construction company's stock valued at $6,516,000 after acquiring an additional 39,752 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Beazer Homes USA Stock Up 0.1 %

Shares of BZH stock traded up $0.01 during mid-day trading on Friday, reaching $19.23. 416,620 shares of the company were exchanged, compared to its average volume of 394,127. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52. The business's 50 day simple moving average is $20.85 and its 200 day simple moving average is $26.55. The company has a market capitalization of $600.03 million, a P/E ratio of 4.89, a P/E/G ratio of 0.35 and a beta of 2.05. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The construction company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.21). Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. Research analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wedbush reissued an "outperform" rating and set a $45.00 target price on shares of Beazer Homes USA in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $39.67.

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.