Donald Smith & CO. Inc. Buys 45,553 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Donald Smith & CO. Inc. boosted its holdings in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,132,427 shares of the construction company's stock after purchasing an additional 45,553 shares during the quarter. Beazer Homes USA comprises 2.5% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 16th largest holding. Donald Smith & CO. Inc. owned 9.93% of Beazer Homes USA worth $107,035,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in Beazer Homes USA by 52.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 545,983 shares of the construction company's stock valued at $18,656,000 after purchasing an additional 188,084 shares during the last quarter. Koss Olinger Consulting LLC boosted its holdings in Beazer Homes USA by 1.8% during the third quarter. Koss Olinger Consulting LLC now owns 16,548 shares of the construction company's stock worth $565,000 after buying an additional 297 shares during the last quarter. Creative Planning bought a new stake in shares of Beazer Homes USA in the third quarter worth $286,000. SG Americas Securities LLC lifted its stake 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 worth $343,000 after buying an additional 2,014 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Beazer Homes USA during the second quarter worth $379,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BZH. Zelman & Associates reaffirmed an "underperform" rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. StockNews.com downgraded Beazer Homes USA from a "hold" rating to a "sell" rating in a research report on Monday, August 5th. B. Riley lowered their price target on Beazer Homes USA from $38.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Finally, Wedbush raised shares of Beazer Homes USA from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $41.00 to $45.00 in a research report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $39.67.

Beazer Homes USA Stock Up 0.7 %

BZH stock traded up $0.23 during mid-day trading on Wednesday, reaching $31.42. 170,152 shares of the company traded hands, compared to its average volume of 358,622. The company has a quick ratio of 0.92, a current ratio of 12.42 and a debt-to-equity ratio of 0.91. The stock has a market cap of $991.21 million, a price-to-earnings ratio of 6.08, a P/E/G ratio of 1.35 and a beta of 2.17. The firm's 50 day moving average price is $32.19 and its 200 day moving average price is $29.87. Beazer Homes USA, Inc. has a fifty-two week low of $23.44 and a fifty-two week high of $35.20.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its earnings results on Thursday, August 1st. The construction company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.04. Beazer Homes USA had a net margin of 6.63% and a return on equity of 12.61%. The business had revenue of $595.68 million during the quarter, compared to analysts' expectations of $597.67 million. During the same period in the prior year, the company earned $1.24 earnings per share. The firm's revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts predict that Beazer Homes USA, Inc. will post 4.2 EPS for the current fiscal year.

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.