JPMorgan Chase & Co. grew its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 136.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,023,684 shares of the construction company’s stock after buying an additional 590,938 shares during the quarter. JPMorgan Chase & Co. owned approximately 3.20% of Beazer Homes USA worth $14,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brandes Investment Partners LP grew its stake in shares of Beazer Homes USA by 4.0% during the second quarter. Brandes Investment Partners LP now owns 1,364,837 shares of the construction company’s stock worth $18,726,000 after buying an additional 51,962 shares during the last quarter. Royce & Associates LP grew its stake in shares of Beazer Homes USA by 5.8% in the second quarter. Royce & Associates LP now owns 1,484,779 shares of the construction company’s stock worth $20,371,000 after purchasing an additional 81,700 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Beazer Homes USA by 5.9% in the first quarter. TIAA CREF Investment Management LLC now owns 391,187 shares of the construction company’s stock worth $4,745,000 after purchasing an additional 21,786 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in shares of Beazer Homes USA in the second quarter worth $1,723,000. Finally, UBS Group AG grew its stake in shares of Beazer Homes USA by 11.1% in the first quarter. UBS Group AG now owns 63,057 shares of the construction company’s stock worth $765,000 after purchasing an additional 6,307 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Beazer Homes USA, Inc. (NYSE BZH) opened at 17.55 on Monday. The stock’s 50 day moving average is $15.57 and its 200 day moving average is $13.54. The firm has a market cap of $558.35 million, a price-to-earnings ratio of 121.88 and a beta of 2.71. Beazer Homes USA, Inc. has a one year low of $9.67 and a one year high of $18.10.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Tuesday, August 1st. The construction company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $478.59 million for the quarter, compared to analyst estimates of $470.98 million. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 EPS. On average, analysts predict that Beazer Homes USA, Inc. will post $0.86 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “JPMorgan Chase & Co. Boosts Holdings in Beazer Homes USA, Inc. (BZH)” was originally published by Daily Political and is the property of of Daily Political. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/09/25/jpmorgan-chase-co-boosts-holdings-in-beazer-homes-usa-inc-bzh.html.

BZH has been the topic of several analyst reports. JMP Securities reissued an “underperform” rating on shares of Beazer Homes USA in a research note on Monday, May 29th. Wedbush raised shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $12.31 to $15.00 in a research note on Thursday, June 15th. Credit Suisse Group initiated coverage on shares of Beazer Homes USA in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $13.00 price objective on the stock. Zacks Investment Research raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Tuesday, July 4th. Finally, BidaskClub raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Beazer Homes USA presently has a consensus rating of “Hold” and a consensus price target of $15.50.

Beazer Homes USA Company Profile

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.

Want to see what other hedge funds are holding BZH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Beazer Homes USA, Inc. (NYSE:BZH).

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

Receive News & Ratings for Beazer Homes USA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazer Homes USA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.