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

Donald Smith & CO. Inc. lifted its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 4.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,086,874 shares of the construction company’s stock after acquiring an additional 143,663 shares during the period. Beazer Homes USA accounts for about 2.2% of Donald Smith & CO. Inc.’s portfolio, making the stock its 19th biggest holding. Donald Smith & CO. Inc. owned approximately 0.10% of Beazer Homes USA worth $84,827,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Foundry Partners LLC boosted its stake in Beazer Homes USA by 29.4% during the first quarter. Foundry Partners LLC now owns 163,805 shares of the construction company’s stock valued at $5,373,000 after buying an additional 37,200 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Beazer Homes USA by 53.3% during the first quarter. First Eagle Investment Management LLC now owns 359,686 shares of the construction company’s stock valued at $11,798,000 after buying an additional 125,100 shares during the last quarter. EMG Holdings L.P. bought a new position in Beazer Homes USA during the fourth quarter valued at approximately $4,831,000. Brightline Capital Management LLC bought a new position in Beazer Homes USA during the fourth quarter valued at approximately $10,137,000. Finally, Koss Olinger Consulting LLC bought a new position in Beazer Homes USA during the second quarter valued at approximately $447,000. Institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at Beazer Homes USA

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

Beazer Homes USA Trading Up 5.2 %

Shares of 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 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’s 50 day simple moving average is $30.52 and its two-hundred day simple moving average is $29.47. The company has a market cap of $1.06 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.04. Beazer Homes USA had a return on equity of 12.61% and a net margin of 6.63%. The firm had revenue of $595.68 million for the quarter, compared to the consensus estimate of $597.67 million. During the same period in the prior year, the business posted $1.24 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Research analysts predict that Beazer Homes USA, Inc. will post 4.2 earnings per share for the current year.

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.