Victory Capital Management Inc. Grows Stock Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

Victory Capital Management Inc. raised its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 711.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 225,453 shares of the construction company's stock after buying an additional 197,666 shares during the period. Victory Capital Management Inc. owned about 0.73% of Beazer Homes USA worth $7,704,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Boston Partners acquired a new position in Beazer Homes USA in the 1st quarter valued at approximately $15,411,000. Assenagon Asset Management S.A. increased its stake in shares of Beazer Homes USA by 52.6% in the third quarter. Assenagon Asset Management S.A. now owns 545,983 shares of the construction company's stock worth $18,656,000 after acquiring an additional 188,084 shares during the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of Beazer Homes USA by 4.9% during the second quarter. Donald Smith & CO. Inc. now owns 3,086,874 shares of the construction company's stock worth $84,827,000 after acquiring an additional 143,663 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Beazer Homes USA by 27.8% during the second quarter. First Eagle Investment Management LLC now owns 459,645 shares of the construction company's stock valued at $12,631,000 after purchasing an additional 99,959 shares during the last quarter. Finally, Caxton Associates LP grew its stake in Beazer Homes USA by 81.9% in the first quarter. Caxton Associates LP now owns 78,975 shares of the construction company's stock valued at $2,590,000 after purchasing an additional 35,558 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Insider Buying and Selling

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of the transaction, the chief financial officer now directly owns 131,004 shares in the company, valued at approximately $4,199,988.24. This trade represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.99% of the stock is owned by company insiders.

Beazer Homes USA Stock Up 3.3 %

Beazer Homes USA stock traded up $1.10 during midday trading on Friday, reaching $34.13. The stock had a trading volume of 254,450 shares, compared to its average volume of 361,128. Beazer Homes USA, Inc. has a 1-year low of $25.48 and a 1-year high of $38.22. The firm's fifty day simple moving average is $32.65 and its 200-day simple moving average is $30.45. The stock has a market capitalization of $1.06 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 0.37 and a beta of 2.18. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.87 and a current ratio of 14.29.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The construction company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.34. The company had revenue of $806.20 million during the quarter, compared to analysts' expectations of $775.42 million. Beazer Homes USA had a return on equity of 11.95% and a net margin of 6.02%. The business's revenue was up 24.9% on a year-over-year basis. During the same period last year, the firm posted $1.80 earnings per share. As a group, analysts expect that Beazer Homes USA, Inc. will post 4.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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