First Trust Capital Management L.P. Makes New $35.45 Million Investment in Beazer Homes USA, Inc. $BZH

First Trust Capital Management L.P. acquired a new stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,062,853 shares of the construction company’s stock, valued at approximately $35,446,000. Beazer Homes USA comprises about 1.7% of First Trust Capital Management L.P.’s portfolio, making the stock its 10th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. acquired a new position in Beazer Homes USA during the 2nd quarter worth $78,938,000. Dimensional Fund Advisors LP raised its stake in shares of Beazer Homes USA by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company’s stock valued at $19,236,000 after purchasing an additional 51,284 shares in the last quarter. Governors Lane LP bought a new position in shares of Beazer Homes USA during the second quarter worth about $6,097,000. Empowered Funds LLC lifted its position in shares of Beazer Homes USA by 555.9% during the first quarter. Empowered Funds LLC now owns 141,377 shares of the construction company’s stock worth $2,720,000 after purchasing an additional 119,822 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Beazer Homes USA by 0.6% in the third quarter. Russell Investments Group Ltd. now owns 109,474 shares of the construction company’s stock worth $3,651,000 after purchasing an additional 694 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings raised Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 26th. Oppenheimer downgraded Beazer Homes USA from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. Zacks Research lowered Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Finally, Texas Capital lowered Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Beazer Homes USA Price Performance

Shares of BZH opened at $33.48 on Friday. Beazer Homes USA, Inc. has a 12 month low of $17.83 and a 12 month high of $34.54. The company has a debt-to-equity ratio of 1.23, a current ratio of 14.64 and a quick ratio of 1.28. The stock has a fifty day moving average price of $33.41 and a 200 day moving average price of $28.02. The company has a market cap of $893.38 million, a P/E ratio of -111.62, a PEG ratio of 1.64 and a beta of 2.19.

Beazer Homes USA Profile

Beazer Homes USA, Inc. is a U.S. homebuilder headquartered in Atlanta, Georgia. The company acquires and develops land and builds and sells single-family homes in planned communities, offering homes in a range of designs and price points. Beazer serves buyers in markets across the Southeast, Mid-Atlantic, Southwest and parts of the West, including areas of Texas and California. Its communities are concentrated in multiple metropolitan regions rather than spread uniformly across the country. The company also emphasizes energy-efficient home design, incorporating features intended to reduce energy use and support indoor comfort.