Peregrine Capital Management LLC Acquires 64,240 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Peregrine Capital Management LLC raised its position in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 43.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 211,010 shares of the construction company's stock after purchasing an additional 64,240 shares during the period. Peregrine Capital Management LLC owned approximately 0.68% of Beazer Homes USA worth $5,794,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC raised its position in Beazer Homes USA by 14.4% during the fourth quarter. Sanctuary Advisors LLC now owns 17,766 shares of the construction company's stock valued at $492,000 after purchasing an additional 2,230 shares in the last quarter. Rhumbline Advisers raised its position in Beazer Homes USA by 36.2% during the fourth quarter. Rhumbline Advisers now owns 63,727 shares of the construction company's stock valued at $1,750,000 after purchasing an additional 16,933 shares in the last quarter. Focus Financial Network Inc. purchased a new stake in Beazer Homes USA during the fourth quarter valued at about $275,000. Empowered Funds LLC raised its position in Beazer Homes USA by 5.1% during the fourth quarter. Empowered Funds LLC now owns 170,465 shares of the construction company's stock valued at $4,681,000 after purchasing an additional 8,248 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Beazer Homes USA by 68.5% during the fourth quarter. SG Americas Securities LLC now owns 16,908 shares of the construction company's stock valued at $464,000 after purchasing an additional 6,876 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Beazer Homes USA Trading Down 4.8 %

Shares of BZH traded down $1.17 during trading hours on Friday, hitting $23.31. The company had a trading volume of 568,456 shares, compared to its average volume of 617,276. The firm has a market cap of $727.12 million, a P/E ratio of 5.93, a P/E/G ratio of 0.35 and a beta of 2.22. The stock's 50 day moving average price is $26.44 and its 200 day moving average price is $30.05. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87. Beazer Homes USA, Inc. has a 52-week low of $20.66 and a 52-week high of $38.22.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The construction company reported $0.10 EPS 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%. On average, research analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Analysts Set New Price Targets

Separately, Wedbush restated an "outperform" rating and set a $45.00 price target 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 given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $39.67.

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.