Beazer Homes USA, Inc. (NYSE:BZH) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its position in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 52.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 545,983 shares of the construction company's stock after purchasing an additional 188,084 shares during the period. Assenagon Asset Management S.A. owned approximately 1.73% of Beazer Homes USA worth $18,656,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in shares of Beazer Homes USA in the 2nd quarter valued at about $88,000. Capstone Investment Advisors LLC grew its position in Beazer Homes USA by 8.2% during the first quarter. Capstone Investment Advisors LLC now owns 7,071 shares of the construction company's stock worth $232,000 after buying an additional 533 shares during the period. Creative Planning purchased a new position in Beazer Homes USA in the third quarter valued at about $286,000. Harbor Capital Advisors Inc. lifted its position in shares of Beazer Homes USA by 10.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,982 shares of the construction company's stock valued at $274,000 after acquiring an additional 967 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of 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 during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on BZH. Zelman & Associates restated an "underperform" rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. Wedbush upgraded Beazer Homes USA from a "neutral" rating to an "outperform" rating and raised their price target for the company from $41.00 to $45.00 in a research report on Thursday, September 5th. StockNews.com lowered shares of Beazer Homes USA from a "hold" rating to a "sell" rating in a research report on Monday, August 5th. Finally, B. Riley dropped their target price on shares of Beazer Homes USA from $38.00 to $37.00 and set a "buy" rating for the company in a report on Friday, August 2nd. 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.com, the company currently has a consensus rating of "Hold" and an average price target of $39.67.

Beazer Homes USA Price Performance

NYSE:BZH traded down $0.42 during trading hours on Friday, reaching $31.02. 145,011 shares of the company traded hands, compared to its average volume of 360,827. Beazer Homes USA, Inc. has a 1-year low of $23.24 and a 1-year high of $35.20. The stock has a market cap of $978.59 million, a P/E ratio of 5.99, a P/E/G ratio of 1.35 and a beta of 2.17. The firm's 50-day moving average is $32.13 and its 200-day moving average is $29.83. The company has a debt-to-equity ratio of 0.91, a current ratio of 12.42 and a quick ratio of 0.92.

Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.04. The business had revenue of $595.68 million for the quarter, compared to analyst estimates of $597.67 million. Beazer Homes USA had a return on equity of 12.61% and a net margin of 6.63%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share. Equities research analysts expect that Beazer Homes USA, Inc. will post 4.2 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.