Donald Smith & CO. Inc. Purchases 143,663 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Donald Smith & CO. Inc. lifted its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 4.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,086,874 shares of the construction company’s stock after purchasing an additional 143,663 shares during the quarter. Beazer Homes USA comprises 2.2% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 19th biggest holding. Donald Smith & CO. Inc. owned approximately 9.79% of Beazer Homes USA worth $84,827,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. ClariVest Asset Management LLC boosted its position in shares of Beazer Homes USA by 2.8% during the second quarter. ClariVest Asset Management LLC now owns 34,257 shares of the construction company’s stock valued at $941,000 after purchasing an additional 918 shares in the last quarter. Koss Olinger Consulting LLC bought a new stake in Beazer Homes USA in the second quarter worth $447,000. Ritholtz Wealth Management bought a new stake in Beazer Homes USA in the second quarter worth $545,000. Principal Financial Group Inc. boosted its holdings in Beazer Homes USA by 9.5% in the second quarter. Principal Financial Group Inc. now owns 20,505 shares of the construction company’s stock worth $563,000 after acquiring an additional 1,771 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in Beazer Homes USA in the second quarter worth $88,000. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BZH has been the topic of several analyst reports. Zelman & Associates downgraded Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a report on Monday, August 5th. B. Riley dropped their target price on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. StockNews.com downgraded Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Oppenheimer began coverage on Beazer Homes USA in a report on Friday, May 31st. They issued an “outperform” rating and a $37.00 target price on the stock. Finally, Wedbush upgraded Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $41.00 to $45.00 in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Beazer Homes USA has a consensus rating of “Hold” and an average target price of $39.67.

Beazer Homes USA Stock Up 5.2 %

BZH stock opened at $33.59 on Monday. Beazer Homes USA, Inc. has a 1-year low of $22.03 and a 1-year high of $34.89. The business has a fifty day moving average price of $30.52 and a 200-day moving average price of $29.47. The company has a debt-to-equity ratio of 0.91, a current ratio of 12.42 and a quick ratio of 0.92. The stock has a market capitalization of $1.06 billion, a P/E ratio of 6.48, a P/E/G ratio of 1.48 and a beta of 2.17.

Beazer Homes USA (NYSE:BZH) 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 company had revenue of $595.68 million during the quarter, compared to analysts’ expectations of $597.67 million. Beazer Homes USA had a return on equity of 12.61% and a net margin of 6.63%. Beazer Homes USA’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 earnings per share. Equities analysts forecast that Beazer Homes USA, Inc. will post 4.2 earnings per share for the current fiscal year.

Insider Activity at Beazer Homes USA

In related news, EVP Keith L. Belknap, Jr. sold 13,462 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $30.73, for a total transaction of $413,687.26. Following the completion of the sale, the executive vice president now owns 164,119 shares in the company, valued at $5,043,376.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $31.17, for a total value of $414,561.00. Following the completion of the sale, the executive vice president now owns 150,819 shares in the company, valued at $4,701,028.23. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Keith L. Belknap, Jr. sold 13,462 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $30.73, for a total value of $413,687.26. Following the completion of the transaction, the executive vice president now directly owns 164,119 shares of the company’s stock, valued at approximately $5,043,376.87. The disclosure for this sale can be found here. 6.99% of the stock is owned by company insiders.

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.