First Eagle Investment Management LLC Purchases 51,027 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

First Eagle Investment Management LLC increased its position in Beazer Homes USA, Inc. (NYSE:BZH) by 9.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 612,158 shares of the construction company’s stock after buying an additional 51,027 shares during the period. First Eagle Investment Management LLC owned about 1.96% of Beazer Homes USA worth $16,810,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BZH. Point72 Asset Management L.P. bought a new position in Beazer Homes USA in the 3rd quarter worth $125,000. Systematic Financial Management LP bought a new position in shares of Beazer Homes USA during the 3rd quarter valued at about $182,000. Metis Global Partners LLC bought a new position in shares of Beazer Homes USA during the 3rd quarter valued at about $201,000. Quadrature Capital Ltd bought a new position in shares of Beazer Homes USA during the 3rd quarter valued at about $262,000. Finally, Focus Financial Network Inc. bought a new position in shares of Beazer Homes USA during the 4th quarter valued at about $275,000. Institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Stock Down 3.1 %

Shares of NYSE BZH opened at $21.10 on Friday. The firm’s 50-day moving average price is $24.69 and its 200-day moving average price is $29.40. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $658.35 million, a price-to-earnings ratio of 5.37, a P/E/G ratio of 0.35 and a beta of 2.26. Beazer Homes USA, Inc. has a 12-month low of $20.66 and a 12-month high of $38.22.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, January 30th. The construction company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.21). Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. On average, equities research analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wedbush reissued an “outperform” rating and set a $45.00 price objective on shares of Beazer Homes USA in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.67.

Beazer Homes USA Company Profile

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.