American Century Companies Inc. increased its position in shares of Beazer Homes USA, Inc. (NYSE:BZH – Get Rating) by 27.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,711 shares of the construction company's stock after acquiring an additional 40,110 shares during the quarter. American Century Companies Inc. owned about 0.58% of Beazer Homes USA worth $2,796,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Beazer Homes USA during the 4th quarter worth approximately $29,000. Dorsey Wright & Associates bought a new position in shares of Beazer Homes USA during the 1st quarter worth approximately $36,000. National Bank of Canada FI bought a new position in shares of Beazer Homes USA during the 1st quarter worth approximately $45,000. Byrne Asset Management LLC bought a new position in shares of Beazer Homes USA during the 4th quarter worth approximately $49,000. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of Beazer Homes USA during the 1st quarter worth approximately $83,000. Institutional investors own 78.40% of the company's stock.
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Wall Street Analyst Weigh In
Separately, B. Riley reduced their price objective on shares of Beazer Homes USA from $23.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, June 16th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $21.50.
Beazer Homes USA Stock Down 4.4 %
NYSE:BZH opened at $13.11 on Wednesday. The company has a market cap of $410.02 million, a PE ratio of 2.21 and a beta of 2.00. Beazer Homes USA, Inc. has a twelve month low of $10.09 and a twelve month high of $23.97. The company has a current ratio of 13.55, a quick ratio of 0.80 and a debt-to-equity ratio of 1.23. The company's 50 day moving average is $14.23 and its two-hundred day moving average is $14.98.
Beazer Homes USA (NYSE:BZH – Get Rating) last released its earnings results on Thursday, July 28th. The construction company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.34. The company had revenue of $526.67 million for the quarter, compared to the consensus estimate of $546.33 million. Beazer Homes USA had a net margin of 8.76% and a return on equity of 23.23%. Beazer Homes USA's revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. Analysts anticipate that Beazer Homes USA, Inc. will post 6.45 EPS for the current year.
Beazer Homes USA announced that its board has authorized a stock repurchase program on Wednesday, May 11th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 10% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.
Beazer Homes USA Company Profile
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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 sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Maryland, Indiana, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.
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