Raymond James Financial Inc. Acquires Shares of 44,298 Beazer Homes USA, Inc. (NYSE:BZH)

Raymond James Financial Inc. purchased a new position in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 44,298 shares of the construction company's stock, valued at approximately $1,216,000. Raymond James Financial Inc. owned approximately 0.14% of Beazer Homes USA at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BZH. Proficio Capital Partners LLC purchased a new position in Beazer Homes USA in the fourth quarter worth $304,000. Victory Capital Management Inc. lifted its stake in Beazer Homes USA by 13.2% during the fourth quarter. Victory Capital Management Inc. now owns 255,113 shares of the construction company's stock worth $7,005,000 after purchasing an additional 29,660 shares during the last quarter. Denali Advisors LLC purchased a new position in shares of Beazer Homes USA in the 4th quarter worth about $1,359,000. GHE LLC boosted its holdings in shares of Beazer Homes USA by 7.5% in the 4th quarter. GHE LLC now owns 69,778 shares of the construction company's stock worth $1,916,000 after purchasing an additional 4,841 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Beazer Homes USA by 122.3% during the 4th quarter. New York State Common Retirement Fund now owns 19,449 shares of the construction company's stock valued at $534,000 after purchasing an additional 10,700 shares during the last quarter. Institutional investors own 85.65% of the company's stock.

Beazer Homes USA Trading Down 4.6 %

NYSE BZH traded down $0.93 during trading on Monday, hitting $19.44. 500,807 shares of the company's stock traded hands, compared to its average volume of 391,903. The stock has a fifty day moving average of $22.56 and a two-hundred day moving average of $28.08. Beazer Homes USA, Inc. has a 12-month low of $18.37 and a 12-month high of $38.22. The firm has a market cap of $606.49 million, a P/E ratio of 4.95, a PEG ratio of 0.35 and a beta of 2.05. The company has a debt-to-equity ratio of 0.87, a current ratio of 15.52 and a quick ratio of 1.25.

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Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its earnings results 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 net margin of 5.04% and a return on equity of 10.12%. As a group, sell-side analysts expect 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 issued 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $39.67.

Beazer Homes USA Company 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.