Nordea Investment Management AB raised its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 65.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,986 shares of the construction company’s stock after acquiring an additional 7,100 shares during the period. Nordea Investment Management AB owned approximately 0.05% of Beazer Homes USA worth $337,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in shares of Beazer Homes USA in the 3rd quarter valued at $149,000. Bayesian Capital Management LP bought a new position in shares of Beazer Homes USA in the 2nd quarter valued at $190,000. Neuberger Berman Group LLC increased its stake in shares of Beazer Homes USA by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock valued at $201,000 after purchasing an additional 118 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of Beazer Homes USA in the 2nd quarter valued at $215,000. Finally, Voya Investment Management LLC increased its stake in shares of Beazer Homes USA by 13.0% in the 2nd quarter. Voya Investment Management LLC now owns 17,040 shares of the construction company’s stock valued at $234,000 after purchasing an additional 1,963 shares during the last quarter. 83.48% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on BZH. Zacks Investment Research upgraded Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research note on Monday, November 20th. Credit Suisse Group reiterated a “neutral” rating and issued a $21.00 price target (up previously from $15.00) on shares of Beazer Homes USA in a research note on Monday, November 20th. TheStreet upgraded Beazer Homes USA from a “c” rating to a “b-” rating in a research note on Tuesday, November 14th. J P Morgan Chase & Co upgraded Beazer Homes USA from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $14.50 to $21.00 in a research note on Thursday, September 14th. Finally, ValuEngine lowered Beazer Homes USA from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.50.

Shares of Beazer Homes USA, Inc. (NYSE:BZH) opened at $19.96 on Monday. The firm has a market capitalization of $668.91, a price-to-earnings ratio of 15.84 and a beta of 2.69. Beazer Homes USA, Inc. has a 52-week low of $11.18 and a 52-week high of $23.24. The company has a current ratio of 18.20, a quick ratio of 3.30 and a debt-to-equity ratio of 1.95.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Tuesday, November 14th. The construction company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.50. The business had revenue of $673.00 million for the quarter, compared to analyst estimates of $645.17 million. Beazer Homes USA had a return on equity of 6.29% and a net margin of 1.66%. Beazer Homes USA’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. analysts forecast that Beazer Homes USA, Inc. will post 1.33 earnings per share for the current fiscal year.

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About Beazer Homes USA

Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.

Institutional Ownership by Quarter for Beazer Homes USA (NYSE:BZH)

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