Donald Smith & CO. Inc. Buys Shares of 2,814,181 Beazer Homes USA, Inc. $BZH

Donald Smith & CO. Inc. purchased a new stake in Beazer Homes USA, Inc. (NYSE:BZH) during the second quarter, according to its most recent filing with the SEC. The firm purchased 2,814,181 shares of the construction company’s stock, valued at approximately $78,938,000. Beazer Homes USA accounts for 1.4% of Donald Smith & CO. Inc.’s portfolio, making the stock its 27th biggest holding. Donald Smith & CO. Inc. owned about 0.10% of Beazer Homes USA at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BZH. Dimensional Fund Advisors LP lifted its stake in shares of Beazer Homes USA by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company’s stock worth $19,236,000 after purchasing an additional 51,284 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Beazer Homes USA by 0.8% in the fourth quarter. First Eagle Investment Management LLC now owns 701,437 shares of the construction company’s stock valued at $14,218,000 after purchasing an additional 5,500 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Beazer Homes USA by 22.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 678,471 shares of the construction company’s stock valued at $13,753,000 after purchasing an additional 122,606 shares during the last quarter. UBS Group AG grew its stake in Beazer Homes USA by 189.7% in the fourth quarter. UBS Group AG now owns 537,663 shares of the construction company’s stock valued at $10,898,000 after purchasing an additional 352,092 shares during the last quarter. Finally, Winslow Asset Management Inc. raised its holdings in Beazer Homes USA by 1.0% in the fourth quarter. Winslow Asset Management Inc. now owns 493,583 shares of the construction company’s stock worth $10,005,000 after purchasing an additional 4,678 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on BZH shares. Texas Capital lowered shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings downgraded shares of Beazer Homes USA from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Zacks Research upgraded shares of Beazer Homes USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Wall Street Zen cut shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Finally, Oppenheimer downgraded shares of Beazer Homes USA from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Beazer Homes USA Trading Up 0.1%

Shares of NYSE:BZH opened at $33.16 on Friday. Beazer Homes USA, Inc. has a 52-week low of $17.83 and a 52-week high of $34.54. The stock has a market cap of $884.71 million, a price-to-earnings ratio of -110.53 and a beta of 2.17. The company has a quick ratio of 1.28, a current ratio of 14.64 and a debt-to-equity ratio of 1.23. The business has a 50-day moving average price of $31.05 and a 200-day moving average price of $25.89.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Friday, August 7th. The construction company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.18. Beazer Homes USA had a positive return on equity of 0.18% and a negative net margin of 0.37%.The firm had revenue of $516.31 million for the quarter, compared to analyst estimates of $510.55 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Beazer Homes USA’s revenue for the quarter was down 5.3% on a year-over-year basis. Equities analysts predict that Beazer Homes USA, Inc. will post -0.33 EPS for the current year.

Beazer Homes USA Profile

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.