Beazer Homes USA, Inc. (NYSE:BZH) Shares Acquired by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. lifted its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 58.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,586,642 shares of the construction company’s stock after purchasing an additional 958,814 shares during the quarter. Beazer Homes USA comprises about 2.2% of Donald Smith & CO. Inc.’s portfolio, making the stock its 18th biggest position. Donald Smith & CO. Inc. owned approximately 0.08% of Beazer Homes USA worth $87,403,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BZH. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Beazer Homes USA in the fourth quarter worth about $24,971,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Beazer Homes USA by 68.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,920 shares of the construction company’s stock valued at $234,000 after purchasing an additional 2,812 shares in the last quarter. Raymond James & Associates purchased a new position in shares of Beazer Homes USA in the fourth quarter worth $270,000. Edmonds Duncan Registered Investment Advisors LLC acquired a new stake in shares of Beazer Homes USA during the fourth quarter worth $217,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Beazer Homes USA by 27.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 6,857 shares of the construction company’s stock valued at $232,000 after buying an additional 1,494 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Beazer Homes USA Stock Performance

BZH stock traded down $0.05 during trading on Monday, hitting $28.40. 300,967 shares of the company traded hands, compared to its average volume of 324,464. The company has a debt-to-equity ratio of 0.87, a current ratio of 13.95 and a quick ratio of 1.32. Beazer Homes USA, Inc. has a 1 year low of $18.50 and a 1 year high of $35.93. The stock’s 50-day simple moving average is $29.89 and its 200 day simple moving average is $29.43. The company has a market cap of $896.02 million, a PE ratio of 5.67 and a beta of 2.24.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Thursday, February 1st. The construction company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.01). Beazer Homes USA had a net margin of 7.26% and a return on equity of 14.09%. The firm had revenue of $386.80 million during the quarter, compared to analyst estimates of $420.71 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. On average, equities analysts expect that Beazer Homes USA, Inc. will post 4.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on BZH shares. Wedbush lifted their price target on Beazer Homes USA from $32.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. StockNews.com raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Friday, March 29th.

About Beazer Homes USA

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.