BlackRock Inc. raised its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 8.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,829,261 shares of the construction company’s stock after purchasing an additional 224,891 shares during the period. BlackRock Inc. owned 0.09% of Beazer Homes USA worth $27,189,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BZH. Marshall Wace North America L.P. increased its stake in shares of Beazer Homes USA by 1,713.3% during the first quarter. Marshall Wace North America L.P. now owns 223,465 shares of the construction company’s stock valued at $2,572,000 after purchasing an additional 211,141 shares in the last quarter. FMR LLC bought a new stake in shares of Beazer Homes USA during the first quarter valued at approximately $10,786,000. Winslow Asset Management Inc. increased its position in shares of Beazer Homes USA by 15.9% during the second quarter. Winslow Asset Management Inc. now owns 633,467 shares of the construction company’s stock valued at $6,088,000 after acquiring an additional 86,930 shares in the last quarter. Aperio Group LLC increased its position in shares of Beazer Homes USA by 136.8% during the second quarter. Aperio Group LLC now owns 109,751 shares of the construction company’s stock valued at $1,055,000 after acquiring an additional 63,407 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in Beazer Homes USA by 145.8% in the second quarter. Meeder Asset Management Inc. now owns 11,648 shares of the construction company’s stock worth $111,000 after purchasing an additional 6,909 shares during the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

Shares of BZH stock traded up $0.21 on Monday, hitting $15.31. 6,488 shares of the stock traded hands, compared to its average volume of 483,681. The firm has a market cap of $463.70 million, a price-to-earnings ratio of 7.70 and a beta of 2.42. Beazer Homes USA, Inc. has a 52 week low of $8.16 and a 52 week high of $15.74. The firm has a 50 day simple moving average of $13.73 and a two-hundred day simple moving average of $11.67. The company has a debt-to-equity ratio of 2.47, a current ratio of 11.86 and a quick ratio of 0.69.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.16. The firm had revenue of $482.74 million for the quarter, compared to the consensus estimate of $470.65 million. Beazer Homes USA had a negative net margin of 1.03% and a positive return on equity of 10.17%. The company’s revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. Sell-side analysts forecast that Beazer Homes USA, Inc. will post 1.61 EPS for the current year.

BZH has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Beazer Homes USA from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, October 2nd. ValuEngine cut shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Friday. Finally, Wedbush reiterated an “outperform” rating and set a $17.00 price target on shares of Beazer Homes USA in a research note on Friday, August 2nd.

About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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

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